Panama  $1.4  billion bridge gets cabinet OK

Post Views: 835 Panama’s Cabinet has given the go-ahead for the $1.4 billion fourth bridge over the Panama Canal, as  a  “turnkey” project that will not be finished until the end of the next government. By declaring it a work of public interest, the State may grant the administration and operation to a subsidiary of the state-owned Empresa Nacional de Autopista (ENA), the current concessionaire of the North, South and East corridors reports La Prensa To develop the project it is expected to obtain contributions that are generated through the tolls of the South and East corridors, and also State contributions through the Ministry of  Public Works.  (MOP). What should be clear is that in addition to the fourth bridge, there is line 3 of the Metro and  the benefit that this measure provides is that the MOP does not consume all the payments through the budget, but we have an additional benefit [from tolls], “said  Erich Velásquez, vice minister of the MOP. The fourth bridge will be cable-stayed with three lanes in each direction for vehicles and includes a space for line 3 of the Panama Metro, which will go from Albrook to Ciudad del Futuro, in Arraiján. The infrastructure seeks to expand … Continue reading Panama  $1.4  billion bridge gets cabinet OK