{"id":24797,"date":"2018-12-10T10:12:18","date_gmt":"2018-12-10T15:12:18","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=24797"},"modified":"2018-12-10T10:12:18","modified_gmt":"2018-12-10T15:12:18","slug":"chinese-consortium-bags-usd-1-4bln-panama-bridge-project","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/chinese-consortium-bags-usd-1-4bln-panama-bridge-project\/","title":{"rendered":"Chinese Consortium Bags USD 1.4bln Panama Bridge Project"},"content":{"rendered":"

\"\"<\/a><\/p>\n

The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to Panama Cuarto Puente, a Chinese consortium.<\/p>\n

Panama Cuarto Puente consortium or so-called Panama Fourth Bridge Consortium, \u00a0composed of China Communications Construction Company<\/a> (CCCC) and its unit China Harbour Engineering Company<\/a> (CHEC), will design and build a bridge over the Panama Canal.<\/p>\n

According to a report in Reuters, the 6.5-km (4-mile) bridge will have six car lanes and a two-way metro line. The Chinese companies initially won the contract in June but the award was postponed after rival bidders appealed the decision.<\/p>\n

Now that the consortium outbid companies from Spain, Italy, South Korea and China, the construction is estimated to begin this year and will take three years.<\/p>\n

While delivering the order to proceed, Panamanian President Juan Carlos Varela said: “These companies have just completed a bridge of more than 55 kilometers between Hong Kong, Macao and Zhuhai, the longest bridge in the world, so I have full confidence that they will do a first world work.”<\/p>\n

AP said that it will be one of the largest construction projects in Panamanian history.<\/p>\n

Panama and China opened free trade talks earlier this month with the aim of crafting an agreement that could turn the Central American country into a hub for Chinese goods across Latin America<\/a>.<\/p>\n

Apart from the bridge, Chinese companies have been awarded multi-million dollar contracts, such as a convention center and a cruise terminal.<\/p>\n\n

\n

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    The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,12,247,241,39,248,34,33,62,42,219,11,249,243,7,246,244,44],"class_list":["post-24797","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-bocas-del-toro","tag-boquete","tag-boquete-boca-chica-real-estate","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"\nChinese Consortium Bags USD 1.4bln Panama Bridge Project -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/chinese-consortium-bags-usd-1-4bln-panama-bridge-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Consortium Bags USD 1.4bln Panama Bridge Project\" \/>\n<meta property=\"og:description\" content=\"The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/chinese-consortium-bags-usd-1-4bln-panama-bridge-project\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100088396493750\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-10T15:12:18+00:00\" \/>\n<meta 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