Panama airport to develop new free zone

This week work on the new logistics zone of Panama's Tocumen airport officially commenced. Tocumen is Central America's busiest airport.

The work is being carried out by Portugal-based Mota-Engil, which won a $14 million contract for the job. The logistics zone will also include an 18-hectares free zone that is expected to create 500 jobs.

The work on the new area is to be concluded within a year and a half.

Currently a second terminal is being built at Tocumen, which is expected to be completed early next year.