Private investment in the tourism of the Amador Causeway exceeds $70 million

Anatoly Gaviria Jan 24, 2023

The Reverted Assets Administrative Unit (UABR) of the Ministry of Economy and Finance (MEF) has documented that private investment in the Amador Causeway exceeds $70 million, which has generated direct income for the institution in the form of rental fees for more than $30 million.

There are currently several investments being made in this area, such as its expansion, the new cruise terminal, the Convention Center and the connection with the Cinta Costera 3.

According to the MEF, the aim is to elevate the Amador Causeway to the historical and tourist category of the Old Town of the capital city, so that it continues to be an orderly area, where activities are carried out within the established parameters, guaranteeing so it is an attractive area for nationals and foreigners, added the executive secretary.

In addition, despite the fact that the area is free to transit, two radars are located on the Perico and Flamenco islands, one for air traffic and the other for maritime traffic, whose access is restricted for security issues.

On Flamenco Island, a new investment is being developed that began in 2022 for an approximate amount of $5 million.

The Amador causeway was built in 1913 by the US Government along with the hundred-year-old interoceanic highway, was known as Fort Amador, a military base planned to protect the entrance to the Canal. It was later reverted to the country by the Torrijos-Carter Treaties of 1977.

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