Just three days before today’s elections to choose the new president for the governing period of 2009-2014, the current President of the Republic of Panama, Martin Torrijos, opened the long awaited Panama – Colon Highway.  The path, however, is not yet fully finished and is reported to be formally inaugurated sometime in the middle of next month.

 

Torrijos declared that the new thoroughfare was open after taking a tour from Quebrada Lopez, in Limon county, Colon province, up to Madden, in Chillibre county, Panama province.

 

He assured that the road is now ready for use and added that the only thing it lacks before it’s complete are just a few “details.”

 

 

In his speech Torrijos said that the new highway will benefit residents of the Colon province and entrepreneurs who travel daily to the Free Zone.  He announced that the path will be free for the following month and that the government has not yet defined the price of the new toll.

 

The highway is being built by a Brazilian Consortium named Norberto Odebrecht with an initial price of $215,859,446 dollars. However, the MOP (Public Works Ministry) said that as a result of certain “geological events” that were not detailed, the cost of the project incremented to $266.7 million.

 

The work includes 35 km of new construction and another 7km of rehabilitation of existing road and the construction of bridges, automobiles paths and pedestrian steps.

 

Now open, the Panama-Colon Highway significantly reduces travel time between Panama City and Colon and the Caribbean Coast. Traffic and poor road conditions would sometimes cause the journey to take as long as two hours or more, even though the actual distance was less than 100km. Now, following the opening of the new highway last week, you can travel the entire way over a modern four lane highway that reduces travel time to less than an hour. With the addition of the newly opened Panama-Colon highway, the beautiful Caribbean Coast of Panama is now much more accessible to everyone!

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Bala Beach has commissioned www.eyeonpanama.com to create a series of short videos about the attractions on Panama’s Caribbean Coast.  Titled Life at Bala, the video series is intended to showcase the number of different interesting and engaging activities within close proximity to the Bala Beach Community.  Our team of internet savvy marketers, is utilizing the social networking sites such as YouTube, Facebook, Myspace, and more to distribute our marketing material to existing and future clients as well as our beloved brokers.   We encourage everyone to check out our Life at Bala and look forward to your feedback.  

 

Thanks,

Bala Beach Sales Team 

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We here at Bala Beach are really getting excited to see all of the developments at our project site in Maria Chiquita.  Things have been kicking into high-gear, and we have lots of activity, with crews working 6-days-a-week on Bala.  The construction support buildings that will house all of the tools, equipment, supplies and materials for the construction of the towers have been erected, along with rest/lunch areas for the crew and a large fenced-in area to house some of the heavy machinery at night.

As for the first two towers in the ‘horseshoe’ of the development, the hill-top location has been completely cleared, graded and surveyed, and the piling machine is on-site, completely put-together, and is currently drilling down into the earth to place the concrete foundation pilings.  With the foundations set to be done in the next month or so, the piling rig will be moved next door to the site of building two, and will begin drilling there as well.  We are excited that in the next couple months, we should be able to see buildings one and two emerging from the ground, as the dream of Bala Beach Resort becomes a reality.

In the next few weeks, we will be posting new pictures of the site activity, and producing a new movie about all of the updates at Bala Beach.  Please, if you have any questions, comments or concerns, do not hesitate to get in touch with us at info@balabeach.com.

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