100 projects on back burner to aid toll bridge project

AN ADDITIONAL $40 million has been authorized by The Ministry of Economy and Finance for transfer to the National Highway Company (ENA) to initiate the process for the construction of the fourth bridge over the Panama Canal.

The money will be transferred from more than 100 other projects that will now be delayed.

The transfer must be approved by the National Assembly’s Budget Committee.

The $40 million is in addition to another $100 million in transfers and additional credits requested by ENA for the project. Those transfers were approved earlier this month.

The bridge will cost an estimated $1.2 billion. and is destined to become a toll bridge to help recover the costs.