The Panama Fourth Bridge Consortium is ready to work with the government to boost the economy and in a Monday, June 1 statement pledged " long-term commitment to the bright future of Panama and its citizens ."
They add that their team is ready to work closely with the National Government to develop new infrastructure projects and thus positively impact the lives of Panamanians.
As a group of companies responsible for the design and construction of the Fourth Bridge over the Panama Canal "they will put their experience and the talent of their people to make the project a pride for all ."
The Fourth Bridge over the Canal, they highlight, is a work that " will open the way for the development of the West sector, improving the connection with the interior of the country and the quality of life of more than one and a half million Panamanians ."
@OhYea. Totally agree. The US is in trouble also. It is not going to be peaches and roses here either. A lot of money being printed with nothing to back it up. Rep and Dem both guilty. Property taxes are through the roof right now. Most people's were doubled last year. Imagine $500/month to live in the house you already paid for. $500/year just 15 years ago. That is why I am so against this lock down thing. What good is it to avoid being sick right now, when you run the risk of being sick later from malnutrition and/or starvation or not having a place to live? It just dont make sense.
Snake i think the locals have done ok with the big ditch. It gives lots of loot to the country and you must remember that the US gave Panama half a million a year and thats all. Being on the USD is both good and bad here. Good that the local politicians have not been able to print their own currency or it would be like Venezuela. Bad in the fact they are at the mercy of how bad the US is doing now by printing teilluons thus devastating the USD. Smart people say this is going to lead to hyperinflation as it did in other countries that tried to print their way out of a mess they got themselves into
Oh ya I actually agree with you sometimes but not this time. Most downfalls are the result of the decisions the country or individual makes directly. The canal was given back to Panama by Jimmy Carter admin and they have had ample time to get their act together. This is just another one of those bad decisions. It is like spending your last dollar on a lotto ticket when you are about to starve. 802Mark. Dont forget the holes where there used to be a man-hole cover. jajajaja
Panamanians can't build anything they have to bid it to an outside consortium. That's what happens when the IQ of the population is low 80's and the education sytem reflects that. Truck drivers and manual labor from the Socialist unions will benefit but most of the money will go offshore. Of course the local politicians will get rich off this project so you can bet your ass it will get started.
Expat2 you can blame the president if it makes you feel good but to be honest he has not had time to screw it up yet. Where the biggest problem is the USA. In 1913 the US gave their rights to control their money printing to the Fed =6 jewish owned banks... Not a smart plan. Next in 1971 Nixon closed the gold wondow allowing the goverment to get the Fed to print as much money as the government wanted at their promised 4%return. Next in 2000 the US allowed saving banks snd investment banks to merge. So it really is not the president of Panama that is at fault. The USD has crashed twice before in history and will again. No world reserve currency lasts forever and the USD is no exception. The US will be in a wprld of pain when they lose this but it will pass and the folks in the US will lose lots. So lets lay the blame where it really belongs
I have been putting up with traffic jams for the entire 14 years I have been here, this bridge isn't going to fix that, you could have 10 crossing the canal and if they all lead into the same road it won't help. what is needed tho, is to take those billion dollar tunnel makers and start running longer tracks going outside the city, that would fix your traffic problem at least a little bit. they are looking for a large project to get as many people back to work as possible, need to start on roads we already have that are nothing more then dirt, with a pot hole every 14 ft. but you can bet there won't be any money for any of these.
There is no longer any economy in Panama. Cortizo destroys in 3 months the next 20 years. This is the result if you elect a stupid cow farmer as President. Look at him stupidity pure and forget him unfortunately you can forget Panama too. The 4. Bridge is unneccesary Dictators can fly high without. Expats fleeing the country and never ever come back. The hotels in Panama City they can use for the next flu or Pandemic or panic or as a jail for curfew breakers.
Now I know what a troll is ....my granddaughter showed me this example. She said to ignore them and they will go away to another site. They get their kicks by people responding to rubbish comments so I won’t in future.
I feel it should be put on hold, use the money to help the needy and bring economy back. Most people are out of work so what if we have put up with traffic jam for 1 more year. Yes, some will complain and others will say it will cost more later, but i think bringing this country back on it's feet is far more important. Just like the airport.