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SECOND PANAMA CANAL BRIDGE

Signature(s)

Amount
€ 40,812,995
Countries
Sector(s)
Panama : € 40,812,995
Transport : € 40,812,995
Signature date(s)
29/03/2004 : € 40,812,995
Link to source
Data sheet
SECOND PANAMA CANAL BRIDGE
Other links
Summary sheet
Second Panama Canal Bridge
Related press
USD 50 mio for the second bridge over the Panama Canal

Summary sheet

Release date
17 February 2004
Status
Reference
Signed | 29/03/2004
20030510
Project name
Promoter - financial intermediary
Second Panama Canal Bridge
The Ministry of Public Works, Panama.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 50 million (approx EUR 43 million).
USD 242 million (approx EUR 201 million).
Location
Sector(s)
Description
Objectives

Construction of a second bridge over the Panama Canal and connecting motorway infrastructure in Panama City.

To open up a new transport corridor providing the required extra capacity to cross the Canal and reduce transit traffic in Panama City, thus improving travel time for commuters and freight traffic.

Environmental aspects
Procurement

An environmental impact study has been carried out and has been approved by the responsible authority (the Autoridad Nacional del Ambiente), including comments and improvements resulting from a public hearing with the local communities.

Both the civil work constructor and the consultant to supervise the bridge works have been selected through an open international tender process.

Comments

Infrastructure.

Link to source
Summary sheet
Second Panama Canal Bridge
Other links
Data sheet
SECOND PANAMA CANAL BRIDGE
Related press
USD 50 mio for the second bridge over the Panama Canal

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

Link to source
Related press
USD 50 mio for the second bridge over the Panama Canal
Other links
Data sheet
SECOND PANAMA CANAL BRIDGE
Summary sheet
Second Panama Canal Bridge

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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