This article is courtesy of La Prensa
With only three weeks behind him as manager of ICA Panama, Diego Hernández announced yesterday the construction of two islands off Punta Pacífica with an initial investment of $140 million.
The rights to fill the marine area designated for the project derive from concessions granted ICA Panama by the state for construction and administration of the Corredor Sur.
Hernández explained that this project is different to the one previously proposed for the site, which included three islands in its design. The Ministerio de Vivienda has already given preliminary approval of a real estate development plan for 138 residences up to three stories in height, according to a December 2007 report.
The two islands will covera total of 19.1 hectares, roughly the equivalent of five baseball stadiums. One island will be divided into 72 lots, and the other will have 66, with lots ranging between 800 and 1,800 square meters.
The Autoridad Nacional del Ambiente Anam has already approved the development´s environmental impact assessment EIA , although Anam s project director Bolívar Zambrano explained that it was done in 1999.
Sewage generated by the future island communities will be treated at the Punta Pacífica plant which has a maximum capacity four times greater than it is currently processing.
ICA Panama said that the islands will be located 150 meters off the coast.
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