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3rd bridge over canal.

3RD BRIDGE OVER CANAL. A third bridge over the Panama Canal will be tendered in August, reports Panamamerica.com.pa (March 28, 2012.). With 4 lanes, and measuring 4.6 miles long and 75 meters high, the bridge will cost about $280 million and its construction will take 32 months. The tender for the third bridge, located on the Atlantic side, will take place in August, according to the outgoing administrator of the Panama Canal, Alberto Aleman Zubieta. He explained that once the evaluation of the companies participating in the prequalification process is complete and the tender conditions for the design and specifications of the work have been delivered, the tender will be put out. The consortium made up of the companies Odebrecht, from Brazil, and Hyundai Joint Venture, from South Korea, as well as the group composed of Acciona Infrastructures, from Spain and Tradeco, from Mexico, are participants in the prequalification act. Also having received the documents is the French company Vinci Construction Grands Projects. The Panama Canal Authority has allocated $32 million for the project's initial phase. Within the ACP's budget for the fiscal year a provision has been included for design studies for a fourth bridge over the canal, located on the waters of the Pacific side and the construction of which has not yet been defined.

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Title Annotation:PANAMA
Publication:Caribbean Update
Date:May 1, 2012
Words:220
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