Release date: 17 February 2004
Promoter – Financial Intermediary
The Ministry of Public Works, Panama.Location
Description
Construction of a second bridge over the Panama Canal and connecting motorway infrastructure in Panama City.
Objectives
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.
Comments
Infrastructure.
Sector(s)
Proposed EIB finance (Approximate amount)
USD 50 million (approx EUR 43 million).
Total cost (Approximate amount)
USD 242 million (approx EUR 201 million).
Environmental aspects
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.
Procurement
Both the civil work constructor and the consultant to supervise the bridge works have been selected through an open international tender process.
Status
Signed - 29/03/2004
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).