In two months a tender will be launched for construction of the first exchange for the connection between the old Centennial Bridge and the former Howard base.

Capital.com.pa reports: “The Panama Pacifico Agency (APP by its initials in Spanish), taking into account the importance of the work for connectivity in the country, has decided to obtain funding resources from London & Regional Panama (L & RP), the company that is developing the Master Plan for the former Howard military base,” noted an article in Capital.com.pa.

The exchange will cost approximately $24 million and the road that will link the Centennial Bridge is valued at a further $50 million to $70 million more, in this case Panama Pacific would provide $20 million for the exchange and the rest would be contributed by the Government.

“The idea is to have a logistics hub which connects the Pacific with the Atlantic so that containers leaving Panama Pacifico do not have to go through Loma Coba nor Panama City to get to the Caribbean, as at the moment a truck has to go via the Bridge of the Americas or Loma Coba and then go to the Centennial Bridge and that is expensive in terms of logistical costs,” said Olmedo Alfaro, general manager of the Panama Pacifico Agency (APP).

Source: Capital.com.pa