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Chinese group to build $1.4bn Panama bridge


Two leading Chinese groups - China Communications Construction and China Harbour Engineering Company - have won the tender to construct a bridge over the Panama Canal, said a report.

This is the largest single bridge tender awarded to Chinese companies in the Americas, reported state-backed Xinhua news agency.

Panama had established diplomatic relations with China in June last year, after which the Central American country moved its embassy from Taiwan to the mainland.

As per the $1.4 billion-contract, the Chinese duo will build the fourth bridge over the Panama Canal,  stated the report.

The overpass will ease the transport of goods across the narrow country that connects the Atlantic Ocean with the Pacific Ocean. The project is estimated to start this year and will take three years, it added.

Prior to this, China Communications Construction won the bid to design Panama's third bridge called the Atlantic Bridge in 2011, and the construction is scheduled to be completed this year, said the Xinhua report.

The fourth bridge will host a highway and railway and poses challenging building conditions such as a length of 510 m at the height of 75 m, it added.

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