- The fourth bridge over the Panama Canal is 17%-18% complete, with completion targeted for August 2028.
- A turnover of $20-$25 million is expected in March 2025 to maintain the schedule.
- Contractors aim to bill $250-$300 million this year in accordance with the payment plan.
- Construction of key structures, including Tower H, began in December 2024.
- The project will benefit 2 million residents, improving travel and addressing road infrastructure demands in Panama’s western region.
The Minister of Public Works, José Luis Andrade, announced that the fourth bridge project is progressing at 17%-18% completion. While acknowledging delays in the expected pace, Andrade expressed optimism about achieving a turnover of $20-$25 million by March 2025, crucial for adhering to the project’s timeline. For the year, $250-$300 million in payments are projected to ensure consistent progress. Contractors within the Panama Fourth Bridge Consortium (CPCP) are required to present billings as per the payment plan, reports Newsroom Panama.
Key Construction Milestones
December 2024 marked the beginning of the construction of Tower H, one of two main towers for the cable-stayed bridge. Located in the eastern area near Arenera, Tower H will support the cables holding the bridge. The twin tower on the west side, at Veracruz, will share the load of the 965-meter main bridge. Each tower’s legs will distribute this load, forming the backbone of the structure.
Benefits to the Region
Upon completion, the fourth bridge will directly impact over 2 million residents, particularly in Panama’s western region, where growing infrastructure demands have increased the need for better connectivity with Panama City.
Road Infrastructure Improvements
Beyond the bridge, the Ministry of Public Works has already deployed over 20,000 tons of asphalt as part of a large-scale “pothole-filling” plan in its first six months of operations. For 2025, the ministry is planning tenders for production roads and tourism projects to further enhance Panama’s transportation network.
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Source: Newsroom Panama
