Saturday, September 12, 2015

Funding for a Third Bridge over the Panama Canal

From the news:

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.

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