Panama highway project sees costs climbing

The cost of a highway project in Panama has increased significantly since the work was first awarded. Much of the higher price for the work is due to the installation of additional safety measures.
June 7, 2017 Read time: 1 min
The cost of a highway project in Panama has increased significantly since the work was first awarded. Much of the higher price for the work is due to the installation of additional safety measures.The project involves widening a stretch of the Inter-American highway to four lanes between David and Santiago de Veraguas and is now expected to cost US$1.19 billion to complete.


However when Panama’s Ministry of Public Works (MOP) awarded the contract in 2013 the project was expected to cost $1.08 billion. The new safety improvements include building additional pedestrian bridges and improving drainage.

Road Structures Finance & Funding

Related Content

  • Chilean Government develops secondary road investment scheme
    October 30, 2013
    A new programme of works in Chile will see major maintenance being carried out on the country’s extensive network of secondary roads. The plans have been set out by the Ministry of Public Works (MOP) and the works will be offered under a new concession framework that is planned to be announced in the first quarter of 2014. The works will require up to 30% of the MOP's annual budget, some US$594 million. Meanwhile MOP has also signed a deal with the highway operator Autopista de Aconcagua. This will see upgr
    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
  • Panama plans projects
    February 10, 2012
    Panama City will benefit from four road contracts worth a total of US$112.4 million awarded to deal with transport upgrades.
    Read More
  • Panama plans road repairs
    March 1, 2012
    Panama is planning a project to repave up to 400km of roads, in a six month.
    Read More

Highlighted Content