A lifting apparatus to be embedded within a precast concrete panel or slab to enable the panel to be lifted, positioned atop a road bed, and elevated above the road bed. A lifting apparatus is located at each corner of the panel. Each lifting apparatus has a threaded sleeve extending through the panel to receive a removable threaded lifting bolt by which to establish a lifting point at which a lifting force is applied to lift and position the panel. When the threaded lifting bolt is rotated completely through the threaded sleeve, a pushing force is applied against a base plate, whereby to elevate the panel above the road bed as is necessary to make the panel level with adjacent panels during the construction or repair of a roadway. Grout is pumped through the panel to fill the space between the panel and the road bed.