- Address: Panama City
The visiting card of the Panamanian capital is Avenida Balboa Avenue. His main difference is the incredibly high prices for real estate, which every year is getting higher.
The most expensive road in Panama
The avenue bears the name of the Spanish conquistador Vasco Núñez de Balboa, who is very popular and revered in all corners of the country. Avenida Balboa is laid along the Pacific Ocean, its length is 3.5 km. At the same time, the cost of one square meter of the road is about 20 thousand dollars, which makes the prospect one of the most expensive projects in modern Panama .
History of construction
Prospect Balboa just recently looked like the most common road, but in 2009 Panama began to transform and expand, attracted numerous investors and developers. It was at this time that the government decided on the need to modernize Avenida Balboa, to make the avenue one of the main attractions of Panama . Large-scale construction work began in 2011. The reconstruction of the Balboa Avenue cost the country's budget $ 190 million.
Nowadays the main reconstruction works have been completed, and Avenida Balboa is worked only by landscape designers, who care about the appearance of the avenue. Today the attraction is open not only for tourists, but also for ordinary drivers. The capacity of Avenida Balboa is about 75 thousand cars a day. This is due to the fact that Balboa Avenue (by the way, one of the few in Panama) is equipped with a second tier of the motorway.
How to get there?
Avenida Balboa is located in the heart of Panama, so it is most convenient to reach it on foot. The residents of the capital will be happy to point out the right direction.
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