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FCC reaffirms to Ricardo Martinelli its commitment to make Panama its central American Business Hub

13/07/2011

FCC reaffirms to Ricardo Martinelli its commitment to make Panama its central American Business Hub

Baldomero Falcones, Chairman and CEO of FCC, repeated the Citizen Services Group's commitment to making Panama its regional business hub at an event attended by the President of Panama, Ricardo Martinelli. At a breakfast held today in Madrid, Mr Falcones noted that the Group's backlog in Panama exceeds 1.4 billion euro.
FCC reaffirms to Ricardo Martinelli its commitment to make Panama its central American Business Hub

Of FCC's large projects under way in Panama, Mr Falcones cited construction of line 1 of the Panama City metro (with a budget of around 1 billion euro), the construction of a new access channel from the Pacific to the Panama Canal as part of the project to build the third set of locks at Miraflores, and the most recent contract to build the new eastern access bridge to the Centennial Bridge.

In his speech before Mr Martinelli, Mr Falcones described Panama as a country that is "attractive for investment and which has inspired global confidence, especially among investors, in view of almost two decades of political stability, its respect for democracy, legal certainty and commitment to infrastructure as a driver of growth."

Mr Falcones also highlighted Panama's investment grade rating from the international rating agencies along with the government's ability to seize the economic momentum in order to modernise the country by standardising its tax system and developing infrastructure, while still maintaining a focus on education and social welfare.

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