CABEI finances the Corredor de las Playas

He Central American Bank for Economic Integration (CABEI) made the first payment of $23 million to the Panamanian government for the project Beach corridorwhich was built on the Pan American Highway, at the height of La Pesa de La Chorrera.

Funding was approved through the program partial payments for the progress of works. In this case, the works, which were continued last year by a new contractor, represent a progress of 26.4%.

“We are pleased to see the progress of this important work in our partner country Panama. We are convinced that the modernization of the road infrastructure in the region allows us to contribute to the well-being of people, the development of communities and the creation of work and social opportunities,” he said. Dante Mossi, Executive President of CABEI.

The Regional Bank recognizes the importance of Corredor de las Playas, as a necessary project and a response expected by a population with sustainable growth, such as that of Arraiján, La Chorrera and the rest of western Panama.

If it was an ambitious project in two phases, which would start on the Arraiján-La Chorrera highway and go all the way to San Carlos, work has been reduced by this governmenton the grounds that the easement costs this would involve had not been considered.

In the end, it will be 4.42 kilometers long, and it will end in the area of ​​Hacienda Los Calderones, s viaduct 1.72 kilometers longwhich is currently being built.

From the reference to rapid mobilization towards the beaches of Panama’s Pacific Riviera, now the Beach Corridor, It was built to speed up traffic in this busy road areawhile the Government manages other alternatives to fulfill the first purpose of work.

An option that was discovered would be to build a coastal roadwhich would start on top of Panama Pacific and would be built under the Public Private Association (APP) law.

He the cost of the Corredor de las Playas is $282.1 millionexpected delivery at the end of November 2024.

According to the Presidency portal, Visible Contractor, until today close to 32 million dollars were paid for the workwhich is equivalent to 11.3% of the total amount.