Panama City is taking a major step to fix its long-standing garbage problem. A new government plan will invest more than $140 million in modernizing the city’s waste collection system over the next seven years.
This large-scale upgrade is part of President José Raúl Mulino’s push for better public services. It aims to clean up streets, reduce inefficiencies, and improve daily life for residents – which could positively impact real estate in many areas of the capital.
A Cleaner, Smarter Waste System
The contract, announced on June 26, covers waste collection, transport, and final disposal across three major areas of the city:
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Central Districts (Line 1): Includes San Francisco, Betania, Río Abajo, and others. This area will need 15 new garbage trucks and specialized equipment.
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Northern Districts (Line 2): Covers neighborhoods like Las Cumbres and Alcalde Díaz. The plan must handle over 240 tons of trash per day here.
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Eastern Districts (Line 3): Includes Juan Diaz, Tocumen, Pacora, and 24 de Deciembre. This zone generates the most waste—more than 460 tons daily.
To win the bid, companies must have local offices, use tracking tech like GPS and QR codes, and replace 30% of their fleet every year. They’ll also need to meet high technical and financial standards.
Why It Matters for Property Buyers and Residents
For homebuyers, renters, and investors, cleaner streets and reliable trash services mean better quality of life. These improvements can make neighborhoods more attractive and even boost property values.
Areas like San Francisco are already popular with expats and professionals. Improved waste services there could make these districts even more appealing. In fast-growing zones like Juan Diaz, better infrastructure may encourage new development and attract buyers looking for long-term value.
What to Expect Next
By requiring modern technology, better logistics, and clear accountability, the tender aims to bring real improvements – not just promises.
If successful, this plan could:
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Improve day-to-day living in key districts
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Make city neighborhoods more attractive to buyers and renters
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Support long-term growth in both residential and commercial real estate
Interested in investing or relocating to Panama City?
Casa Solution can help you find the right property in fast-growing neighborhoods like San Francisco and Juan Diaz. Get in touch today and let our team guide your real estate journey in Panama.
