Growth and Infrastructure collide as Panama economy rises

Energy/Infrastructure

Panama has led economic growth in Latin America in the last five years, but this bonanza has not translated into a better quality of life in terms of urban mobility.

+ info
More time behind the wheel
A report by the Development Bank of Latin America (CAF) on urban growth shows that it takes 72 minutes for Panamanians using public transport to move from their homes to work or vice versa. That is, each day people spend more than 2 hours transporting, when the average in Latin America is 40 minutes per trip.

Juan Vargas , chief economist of the Directorate of Socioeconomic Research of the CAF, said that Panama’s challenge, like its Latin American counterparts, is to improve mobility to take advantage of the thrust of urban areas.

He comments that in the case of Panama the average journey of a public transport user is 17 kilometers, while in the region it is less than 12 kilometers.

The CAF report highlights the progress the country has made with the construction of Metro Line 1 and the plans to build new extensions. To boost the development of urban areas, the CAF suggests promoting the use of mixed zones where production and business centers are close to homes.

———-
READ MORE:https://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=es&sp=nmt4&u=https://impresa.prensa.com/panorama/Panamenos-tiempo-pasan-tranque_0_5004999578.html&xid=17259,15700023,15700124,15700149,15700168,15700173,15700186,15700201&usg=ALkJrhhYQ4yTv5wnE8DJn3qzUq2XhjaNJw

No Comments

Leave a Reply

Your email address will not be published.

Infrastructure
Massive highway project to be done by end of 2023,

The Panama-Arraiján highway expansion project is only a few months away from completion. The project that began with an order to proceed on September 22, 2017, includes a construction of 11 kilometers of highway, with eight lanes on the main trunk, distributed in four towards the capital city and four towards …

Energy/Infrastructure
Intra-country mass transit a talking point for next election.

The campaign in the various political parties started and with this various proposals have begun to emerge from the candidates for the Presidency of the Republic who promise to fulfill their victory in the 2024 presidential elections. One of the proposals that has resurfaced is the construction of the Panama-David …

Energy/Infrastructure
Panama continues to be at the forefront in terms of GREEN alternatives.

Talking about Erco Energía is talking about technology, sustainability and an incredible experience for users of electricity. It is a business group that has a portfolio of solutions that impact the entire energy chain, such as the construction of solar projects, charging infrastructure for electric mobility, and energy storage. In addition, …