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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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