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    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

    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

    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).

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