Canal authority seeking funding for third bridge

807Views 0Comments Posted 12/09/2015

PANAMA’S Canal Authority (ACP) is looking for international funding to complete the construction of the third bridge over the waterway in Colon.

The announcement was made in a Friday September 11 press release.
The construction of the bridge, began in January 2013 and is 34 percent complete. The ACP has an A-A2 investment grade rating from the credit agencies Moody´s, Standard & Poor´s and Fitch.
The amount of funding being sought has not yet been revealed.
The concrete structure supported by cables, similar to the Centenario Bridge, and will have a length of 4,605 meters, including access roads. It will cost an estimated $366 million.