The Panamanian government has structured an investment plan for the Ciudad del Sol residential project. With a state investment of 11 billion balboas in infrastructure, this development aims to attract private companies through a model of served macro-lots. The proposed business model seeks for the main investment to be executed by the private sector, while the State would compensate through the delivery of served macro-lots. Investment in infrastructure and employment The State plans to invest 11 billion balboas in critical infrastructures so that the residential project has streets, health centers, sewage systems, sewers, and efficient transportation. This massive investment is designed to boost the local economy and generate direct employment sources for the population. Currently, authorities are reviewing investment proposals and financial schemes to proceed with the corresponding public tenders. The Minister of Housing and Territorial Planning (Miviot), Jaime A. Jované C., announced the progress in structuring the investment plan for the implementation of the residential project called Ciudad del Sol. This mega project, located in the Panama East sector, covers an area of 300 hectares and has been conceived under an integral city concept that transcends traditional housing offerings. Integral development and institutional coordination Ciudad del Sol not only contemplates the construction of housing but will integrate educational centers, a university, recreational areas, and extensive commercial spaces. To ensure the viability of this iconic project, Miviot maintains conversations with various State entities, including Meduca, MOP, Idaan, and electricity companies. Jované emphasized that exhaustive financial feasibility analyses are being carried out in coordination with banking entities and non-governmental organizations interested in supporting the project. The tender process is expected to be finalized within the next 36 months, consolidating this complex as the reference housing project of the current administration.
