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

  • German construction equipment industry’s sales rise 8 per cent
    February 18, 2015
    German manufacturers of construction equipment reported an 8% rise in sales, amounting to €8.4 billion. The level was higher than expected and equal to sales in 2006, according to the Construction Equipment and Building Material Machinery Association (VDMA). However, the VDMA, part of the German Engineering Federation, suggested that company profits may not have risen along with sales and tough times remain ahead. “Turnover is one thing, profit is another,” Joachim Strobel, deputy chairman of VDMA, said.
    Read More
  • Ethiopia’s building roads
    November 29, 2013
    Ethiopia is set to benefit economically from investment in a number of new key road links totalling over US$1 billion. The east African nation’s 218km Modjo-Hassan highway is expected to cost US$720 million to construct. The highway will be constructed in two stages. The first section of the route will stretch 93km from Modjo to Zeway and is expected to cost $350 million to complete. The second section of the highway will be 125km long and link Zeway with Hewassa and this stretch is estimated to cost $370
    Read More
  • Tenders in for Budapest’s Chain Bridge
    September 17, 2020
    Work on the 19th century Széchenyi Chain Bridge could start in March.
    Read More
  • Transport development for Mindanao in Philippines
    June 4, 2015
    A series of transportation projects are in hand for Mindanao in the Philippines. The Philippines' Mindanao Development Authority (MinDA) has said that the Mindanao Development Corridors' major infrastructure component will cost some US$14.02 billion in all. Of the total, some $5.6 billion will be spent on airports, seaports and roads. MinDA intends that these projects will get underway out in the next two years, with work planned for completion in five years. A new bridge has been proposed that will conne
    Read More

Highlighted Content