- February 3, 2020
- Posted by: dawgenglobal
- Categories: Advisory, Caribbean, Competitive research, Consulting Services, Dawgen Global, Finance, Innovation, News
Work on the Fourth Bridge over the Panama Canal is set to begin at the end of March.
This was confirmed by the Chinese construction consortium, which is executing this mega infrastructure project and the Panama’s Ministry of Public Works. The confirmation came in a joint statement issued yesterday. The project, which is slated to cost $1.42 billion, is being carried out by the Chinese consortium, which includes China Communications Construction Company and China Harbor Engineering Company.
The start-up works will consist of relocations of public services and buildings or structures, construction of works, including the continuation of the work of the temporary access bridge for the construction of the foundations of the bridge, in the western sector of the Panama. The consortium and the ministry reported that the alignment of the project and an understanding of the methodology that will be used to estimate costs have been disseminated.
“During the following weeks, the technical teams of both organizations will continue to work together to determine the final amount by which the contract will be reduced,” the statement said. The infrastructure, which will have an approximate length of 6.5 kilometers and will have a cable-stayed design, will be built north of the Bridge of the Americas, one of the most emblematic of the country, located just at the entrance of the Pacific Ocean.
The bridge will consist of six lanes for vehicles and two exclusive lanes for the third metro line of the capital, which is pending bidding and which will connect the western commuter towns of Arraiján and Chorrera, in the province of Western Panamá, with the city center.
“It will be the fifth most important project in the history of the country,” said Panamanian President, Juan Carlos Varela.