A Third Bridge Over The Panama Canal Will Cost $300 Million Dollars

A Third Bridge Over The Panama Canal Will Cost $300 Million Dollars

Tuesday, April 05 2011 @ 11:27 AM EDT
Contributed by: Don Winner
Views: 48
Colon – In the next three months the government of Panama will hold a public bidding process to let the contract for the construction of a third bridge over the Panama Canal, expected to cost in excess of $300 million dollars, said Panama’s Vice President and Foreign Minister, Juan Carlos Varela, in the province of Colon. Varela, who was accompanied by his wife Lorena Castillo and the senior leaders of the Panameñista political party, spoke about this and other projects on the Atlantic coast during a public ceremony held by the organizers of the XXV National Fair of Colon. “I want to announce that over the next three months we are going to tender the construction of a new bridge over the Panama Canal, which will join the Lower Coast of Colon with the rest of the province and the country. This will be very important because it will open access to many remote communities so that they can be in the city in 15 minutes,” said Varela, who at the same time promised to promote the Colon Fair to make it an international event. Varela also said that in the next 24 months they would hold a public bid to let the contract for the construction of between 3,000 to 5,000 new homes in areas close to the city of Colon, with the aim of eventually being able to eliminate the condemned houses in this city. (La Prensa)

Miguel de la Borda – Currently the end of the road along the Lower Coast of the province of Colon.

Editor’s Comment: This new bridge is a big deal that will play a role in opening up the “Lower Coast” of the province of Colon to development. If you want to see what’s in play, drive over there one of these days. You can get to Sabanitas from Panama City in no time thanks to the new highway. Drive down to the “cuatro altos” (four stops) and turn left into the former Canal Zone. Drive down to the Gatun Locks of the Panama Canal and go across the bridge (after waiting for the ships to pass) but don’t go straight like you would to go to Fort Sherman. Turn left and go around behind the back side of Gatun Lake. Turn right at the road that goes to Achiote and Piña. This road will drop you down onto the “lower coast” of the province of Colon. When the road hits the coast turn left (away from Piña) and follow it all the way down to Miguel de la Borda, past Nuevo Chagres, Palmas Bellas, Salud, La Ensenada, Vista Hermosa, and Gobea. Currently the road ends at Miguel de la Borda and there is no bridge over the river there. However, there are plans to link Colon and Bocas del Toro with a road all the way along this coast. When that happens, then land values all along this coast will skyrocket. Just the construction of the new bridge will open this entire area up, thanks to improved access to civilization. Right now it’s mostly just sleepy little (drug trafficking) fishing villages. That’s going to change. Smart investors with cash will buy now and sit, then sell once the new bridge opens. Just a few years ago this road was dirt and mud and you needed a 4×4 to get to Miguel de la Borda. The road was improved and paved during the administration of Martin Torrijos and the last time I went there you could do it in a Corolla, however it’s been awhile and I don’t know that condition the road is in now. I’ve been over there lately, just not all the way down to Miguel de la Borda, so if you do it please take pictures and send me a road-trip report…

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