Panama bridge project report released

A report has been released regarding the project to build the fourth bridge spanning the Panama Canal. The report concerns the awarding of the design and construction contract and reveals that there may be an increase in building costs over original estimates due to geotechnical requirements. The report also says that such large capital projects should be split into two, one covering feasibility studies and design work and the second for construction and maintenance. The bridge project is being handled by t
October 14, 2019 Read time: 1 min

A report has been released regarding the project to build the fourth bridge spanning the Panama Canal. The report concerns the awarding of the design and construction contract and reveals that there may be an increase in building costs over original estimates due to geotechnical requirements. The report also says that such large capital projects should be split into two, one covering feasibility studies and design work and the second for construction and maintenance. The bridge project is being handled by the Panama Cuarto Puente consortium, comprising China Communications Construction Company (CCCC) and China Harbour Engineering Company (CHEC). The original estimates predicted the construction cost at some US$1.5 billion.

Road Structures

Related Content

  • Colombia: New decree allows pension funds to finance 4G projects
    June 25, 2015
    Columbian president Juan Manuel Santos Colombia has said pension fund money could help finance the country’s ambitious 4G motorway projects. Columbia has 35 road projects underway costing more than US$11.7 billion, including the first two 4G tender waves with six public-private partnerships that have already been approved. During a banking convention held in the coastal city of Cartagena in mid-June, Banco Davivienda president Efrain Forero lending capacity studies have been completed for 4GH projects
    Read More
  • Colombia connectivity to improve with new bridge
    February 2, 2017
    Construction work on Colombia’s landmark Yati-Bodega bridge is already 50% complete. The 2.3km Puente de la Reconciliacion Bridge spans the Magdalena River and when complete, will be the longest in the country. The project is challenging however, due to the river’s flow rate as well as the underlying geology. Once the bridge opens to traffic, it will connect the municipality of Mompox with the rest of Colombia’s Bolivar department. At present Mompox and Magangue are difficult to reach by road due to the lac
    Read More
  • Tunnelling conference and competition
    September 23, 2019
    The annual tunnelling conference and competition is due to take place in Miami from the 18th-20th November in Miami, Florida. The competition features eight categories and aims to identify the most important ongoing underground works and technologies that help cities change and enable habits and ways of life to evolve in order to build smart and sustainable urba
    Read More
  • India’s capital highway project will improve transport connections
    October 10, 2017
    Huge numbers of construction machines as well as plant and equipment are working overtime, backed by mammoth manpower, to meet the targeted completion deadline of March 2018 for India’s Eastern Peripheral Expressway (EPE). The 135km arterial route is being built with six lanes and surrounds India’s National Capital, Delhi, its National Capital Region (NCR) and the industrially developed North Indian states of Haryana and Uttar Pradesh.
    Read More

Highlighted Content