HOWARD MASTER PLAN

HOWARD. 20 THOUSAND HOMES IN THE FORMER MILITARY BASE. Master Plan was approved

The project which was introduced by the London & Regional Properties already received the blessing of the AAEEPP.

In the first implementation phase, which will last 8 years, it will invest 405 million.

Marianela Palacios Ramsbott
Marianelap@prensa.com

The master plan for development of the former military base of Howard, who presented London & Regional Properties, had already received the blessing of the agency's Special Economic Area Panama Pacific (AAEEPP) and begin to be implemented in early 2008.

"The project was approved on Wednesday night," confirmed yesterday the administrator of the agency during his speech at the business forum of Indesa, which revealed the details of that plan.

The proposal envisages the development of a technology park and a logistics, an area of manufacturing for the production of high technology, an 'average village', a group of residential areas of different densities that will accommodate 20 thousand houses, shopping malls, hotels , resort, golf course and up to a new district, in Farfán.

"What we are going to build is a hub of business and commerce world class. And at the same time, a high-quality urban environment, which maintains the character of Garden City," remarked Ferrari.

Of the 2 thousand 5 hectares to be developed from next year, 376 will be for logistics; 281, a telecommunications infrastructure, and 203, shopping and entertainment for residents of the new "Howard city."

In this city will live mainly workers and executives of companies that are installed there, but that does not preclude the possibility that people outside this environment buy houses in the area. "Anyone could," said the administrator.

Companies that can get the 100% tax incentives (zero tax) and labor are the call center, offshore, logistics services, high-tech manufacturing, data centers and companies in maintenance and repair of aircraft.