ANNOUNCEMENT 25 Mar 2010

In March 2010, the government of Panama announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising
Inception date: 25 Mar 2010 | Removal date: open ended

FDI: Treatment and operations, nes

On 25 March 2010, the Government of the Republic of Panama announced that it nationalized two toll-road concessions that were awarded to two Mexican entities in the period of the 1990s. The reasons for the nationalization, according to official sources, were the findings of an audit, which showed that these Mexican entities were tied to complaints over pricing and reliability. The Government of the Republic of Panama, also announced its decision topay a total of US $700 million to these two Mexican companies. Furthermore, it was also announcedthat a new Government agency, the Empresa Nacional de Autopistas, will be set up to administer the toll roads. 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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