Panama’s airport infrastructure has also seen dramatic improvements. With easy flights available from most major cities in the world, Panama is becoming even more attractive as a haven for snowbirds and Baby Boomers wanting a tropical home.
Panama is expected to invest about $821 Million in airport infrastructure in three main airports. Three major airport projects are increasing the ability for foreigners to easily reach their destinations.
- Tocumen International Airport (Panama City): Panama’s main airport is currently undergoing an expansion estimated to cost $679 million. The expansion includes a new 30-gate terminal, new facilities for migration and customs, parking, commercial operational facilities, and hotel infrastructure. The expansion should be complete in 2014.
- Enrique Malek International (David): The recent $27 million expansion allows for more flights and larger aircraft from international destinations.
- Rio Hato International Airport (Rio Hato): A new $115 million international airport is underway to serve the Pacific Coast beach region, such as Coronado, and the center portion of Panama’s interior. It is expected to be functional in late 2013.
With so much investment in infrastructure, Panama is expected to continue to top the lists of “best places to live, invest and retire” for years to come.