You are here :: Panama Real Estate » Panama-locations » Colombia-panama-power-grid-more

There is more to the proposed power line connection between Colombia and Panama than initially reported. The eventual plan is for a power grid connecting Colombia, Panama, Costa Rica, Nicaragua, Honduras, El Salvador, and Guatemala.
We have previously reported that the Interamerican Development Bank is providing $1.2 Million USD for technical and environmental studies preliminary to connecting the power systems in Colombia and Panama. The project will include expansion of substations on each side of the Panama Colombia border as well as connecting transmission lines the power grids of both countries. The connecting transmission line between grids will be 381.5 miles long with 170 miles in Panama and 211.5 miles in Colombia.
What is new is the announcement in the press that the long term plan is to connect power lines from Colombia to Guatemala. Panama in continually in the news with one or more infrastructure projects such as its road building program and the Panama Canal Expansion. The proposed power grid project brings to mind Plan Puebla Panama, the ambitious plan to improve infrastructure from Southern Mexico to Colombia with Panama along the way.

The border between Colombia and Panama has never been developed. This dates back to Panama gaining its independence from Colombia with the help of American gunboats a century ago. Today, in order not to have power line maintenance taking place on the border 55 kilometers of the power line will be submarine cable.

Power grids and investment in Panama

The world is in a recession and here are Panama and Colombia going ahead with studies for linking their electric grids. In fact, here is Central America looking forward well into the century with plans to link electric grids along all of its length. Panama is upgrading its ports, as is everyone else, in anticipation of larger ships passing through the Panama Canal after 2014. Panama is building roads into its interior linking remote areas to trade and jobs in its cities.

The forward thinking, democratic government of Panama is very pro business and unlikely to change that stance with the upcoming elections. This set of circumstances provides ample opportunity for investment in Panama’s infrastructure and business. The Panama Canal Expansion will provide great opportunities to purchase real estate, build warehouses, retail space, and offices with the purpose of renting to the growing network of businesses supporting transportation and logistics of the doubled canal capacity after 2014.

Residential real estate offers some great bargains and will for the next few months as the high end is in a pause due to economic problems in North America. Expect residential property to pick up in a year providing today’s wise buying with substantial appreciation on his or her investment. Although commercial real estate has not seen a drop in prices it too will continue to grow in value. However, here the reason is not the projected return of more North Americans but the continuing strength of Panama’s economy.

ABPanama suggests real estate investment in the support systems for Panama’s growing economy. Panama is a great place to live. We suggest you walk the white sandy beaches between trips to pick up your rent checks.

Click here to Read an old article of Panama Columbia Power Grid