SUBWAY NEWS PANAMA

Panama – Panama Tenders for Metro

Newsletter # 63 | Posted on 21-Jun-2010 9:02:58 am

The construction of the first Metro line of Panama will have an investment of approximately U.S. $ 1.5 billion and its tender will be held on 30 July.
Several entities are willing to finance the construction of the first Metro line of Panama, according to the Ministry of Economy and Finance.

The Inter-American Development Bank (IDB), with a loan of approximately $ 600 million, the CorporaciĆ³n Andina de Fomento (CAF), with a ceiling of U.S. $ 400 million, the European Investment Bank to U.S. $ 240 million, and Citibank, with U.S. $ 250 million, confirmed their interest in the project.

In addition, JBIC (Japan Bank for International Cooperation) also has shown interest, but has conditioned its participation in the consortium involving the Mitsubishi is the winning bidder.

With the maximum, the Government may already have about $ 1.5 billion, which is estimated investment.

CIMA consortia (composed of Acciona Infraestructuras, Mitsubishi, and trains CAF ICA), Line One (Odebrecht, FCC Construction and Alstom trains) and the Italian Group of Panama Metro (Impregilo, Astaldi, and trains Ghella Ansaldo Breda) presented on 30 July its technical and economic proposals, to be awarded the contract for design and construction of the first Metro line of Panama.

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