Since 1720s here was an aqueduct - a pipeline for water supply of fountains in Letniy garden (there were many of them that time). It was dismounted after the flood in year 1777.

In 1824 a chain bridge, designed by engineers V.A. Khristianovich and V.K. Tretter, was constructed here.

In 1906, after same-type Egipetskiy (Egyptian) bridge had collapsed during the passage of Grenadier regiment cavalry squadron, Panteleymonovskiy bridge was dismantled and replaced with a temporary one made of wood.
However, it was not the only reason. The other was, that it has been intended to lay a tram line here. So, contemporaries upbraided the tram committee of municipal Duma (city Council) for the bridge dismantling. By the way, the tram line wasn't constructed. :)

Since 1923 till the beginning of 1990s it has been called as Pestel bridge by name of the street crossing the river over it. The street itself is correspondingly called by name of Pestel - one of Decembrists (participants of the rebellion in December, 1825). He was living not far from here at Fontanka quay.