Chinese Consortium Bags USD 1.4Bln Panama Bridge Project
Maritime Logistics Professional
Shailaja A. LakshmiDecember 7, 2018
Pic: Panama Canal Authority
The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to Panama Cuarto Puente, a Chinese consortium.Panama Cuarto Puente consortium or so-called Panama Fourth Bridge Consortium, composed of China Communications Construction Company (CCCC) and its unit China Harbour Engineering Company (CHEC), will design and build a bridge over the Panama Canal.According to a report in Reuters, the 6.5-km (4-mile) bridge will have six car lanes and a two-way metro line. The Chinese companies initially won the contract in June but the award was postponed after rival bidders appealed the decision.Now that the consortium outbid companies from Spain, Italy, South Korea and China, the construction is estimated to begin this year and will take three years.While delivering the order to proceed, Panamanian President Juan Carlos Varela said: "These companies have just completed a bridge of more than 55 kilometers between Hong Kong, Macao and Zhuhai, the longest bridge in the world, so I have full confidence that they will do a first world work."AP said that it wi....