Panama Metro Line 1 Get Fund

Panama Metro Line 1 Get Fund
June 17, 2011 3:37 pm

The Andean Development Corporation (CAF) has extended a $400m loan to Panama to part-fund Panama City’s Metro Line 1.

The loan will be used to build a 13.6km line that will run from Los Andes district’s San Miguelito neighbourhood in the north of the city to the Albrook bus terminal in the south; the line will have 11 stations.
The project is expected to increase mobility in the Panamanian capital, benefiting those who are living in outlying downtown areas.

Panama’s metro authority signed a $1.45bn contract in November 2010 with a consortium comprising of Spain’s FCC and Brazil’s Odebrecht to build and operate Line 1. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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