Panama plans new project

Work will start shortly on the second stretch of the Panama-Colon highway in Panama.
February 24, 2012 Read time: 1 min
Work will start shortly on the second stretch of the Panama-Colon highway in Panama. The work will see 14km of new highway being built and the work will be carried out by Brazilian contractor Norberto 1305 Odebrecht. The work is expected to cost US$218 million. The Panama Government will spend $18 million on compensating people affected by the project. The first stage of the Panama-Colon highway, a 35km section, had an initial budget of $184 million although costs spiralled and the work eventually cost $281 million.

For more information on companies in this article

Related Content

  • Major highway projects awarded to Brazilian firm in Peru
    September 28, 2012
    In Peru the Brazilian contractor Odebrecht is now setting out plans for a US$500 million package of works to upgrade the prime road network around capital Lima. In all some 144km of roads will be improved under the terms of the deal, which Odebrtecht was recently awarded by the Peruvian authorities.
    Read More
  • Panama highway rebuilt with concrete
    January 5, 2017
    A highway link to the north of Panama´s capital city that connects with a national park popular with tourists, has now been rebuilt Cement producer and concrete specialist CEMEX carried out a study into the project, to find a cost effective solution. And working with CEMEX, Panama’s Ministry of Public Works began planning for the project in 2015. A 5.7km stretch of the highway has now been improved, with the road structure being built from concrete.
    Read More
  • Has the promised investment happened?
    July 10, 2012
    At the end of 2008 and the start of 2009, the world's banking system spiralled into crisis, triggered by a series of catastrophic blunders caused by bankers trying to create money from nothing. The result was to plunge the world's economy rapidly into recession. Having proved in effect that lead cannot be turned into gold, the bankers retired on fat pensions leaving governments to pledge huge sums to the banks and fill in the financial gaps.
    Read More
  • Russia to commission new Moscow-St Petersburg highway by 2020
    June 20, 2017
    Final delivery of the final stretch for Russia’s key highway project looks set to be delayed – Eugene Gerden writes. I now looks as if Russia’s most ambitious project in the field of road building in recent years, the building of a new high-speed road link between Moscow and St Petersburg, the country’s largest cities, will not be complete in time. The project was set up by the Russian government and several private investors. According to initial state plans, building of the new road should have been compl
    Read More

Highlighted Content