Canal authority seeking funding for third bridge
PANAMA’S Canal Authority (ACP) is looking for international funding to complete the construction of the third bridge over the waterway in Colon.
The announcement was made in a Friday September 11 press release.
The construction of the bridge, began in January 2013 and is 34 percent complete. The ACP has an A-A2 investment grade rating from the credit agencies Moody´s, Standard & Poor´s and Fitch.
The amount of funding being sought has not yet been revealed.
The concrete structure supported by cables, similar to the Centenario Bridge, and will have a length of 4,605 meters, including access roads. It will cost an estimated $366 million.
