Panama President Announces Big Infrastructure Projects While in Spain

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Leading providers of PRINCE2®project management training, ILX, responds to the reveal of several big infrastructure projects in Panama.

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Varela emphasised that over the past seven years his country had grown at an annual rate of between 6 and 9 percent.

The Panamanian President Juan Carlos Varela on Tuesday in Madrid unveiled a number of infrastructure investment projects and gave an ambitious forecast for the Central American country’s economic growth.

Varela devoted the second day of his official visit to Spain to presenting to businessmen the advantages of investing and working in Panama, announcing a “new era” in bilateral relations. The president started the day with a conference at the New Economic Forum, which drew a large audience of businessmen.

Varela emphasised that over the past seven years his country had grown at an annual rate of between 6 and 9 percent. In regards to the projects, his prediction for the next few years was for investment of $35 billion in transportation, energy, water treatment, health and tourism infrastructure.

The Panamanian leader encouraged Spanish companies to participate in future bidding on other projects and added that his government will be characterised by transparency in the management and full respect for legal procedures.

Spanish Development Minister Ana Pastor, said that the 400 Spanish companies operating in Panama have made investments there of $3.5 billion, therefore making Spain, the second-largest investor in the isthmus nation.

As experts in project management training, ILX takes keen interest news about upcoming infrastructure project. Global Head of Marketing, Kevin Tewis from ILX, stated: ‘The reveal of several infrastructure investment projects in Panama certainly is exciting news.

‘Historically, Panama has always played an interesting role in projects due to its location between North America and Central America. A new investment of $34 billion in transportation, energy, water treatment, health and tourism infrastructure, will call for high standards of project management.
‘With investments from Spanish companies, project managers will need to know how to efficiently communicate and collaborate. Huge projects such as this require managers who can unite geographically diverse locations towards a unified goal.’

ILX is a leading global provider of Best Practice learning solutions and consulting services and is a market leader in PRINCE2 training. Operating across 100 countries, they have delivered learning solutions to corporate, public, and consumer audiences for over 25 years. They have trained over 100,000 learners in more than 5,000 organisations across their virtual and online learning programmes, as well as in classroom environments.

PRINCE2® is a registered trade mark of AXELOS Limited.

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