$30 Additional Million for Panamanian Metro

Included in the State Budget for 2010, part of them will be used for paying indemnifications and purchasing real estate.

Tuesday, September 8, 2009

Another use of this money will be to relocate affected public services, like sewers and wiring, once the definitive route of the project is known.

Local news website Prensa.com details other expenses included in the budget: "... a program for communal and communication administration...; a program for overseeing compliance with the National Administration Plan; ...salaries for temporary staff; non personal services; equipment and machinery; and fuels and materials".

More on this topic

Line Two of Panama Metro

July 2013

The work to be tendered next year will be 6.2 miles longer than the first line, having a total length of 22 kilometers.

The project cost is still unknown, however, it has been revealed that the original proposal by the Secretariat of the Panama Metro has undergone some modifications.

CAF Approves $ 400 Million for Panama Metro

March 2011

CAF approved funds for construction of Metro Line 1 in Panama City.

Enrique Garcia, CAF´s CEO, stated: "By supporting this project, CAF aims to significantly contribute to the improvement in the quality of life of Panamanians, especially those living in remote areas of the city center.

Panamanian Metro Route Could be Extended

January 2010

The Metro Secretary does not rule out extending the first route of the metro system up to San Isidro.

Such was the response of Metro Secretary Roberto Roy, when asked about a potential extension of the route by some interested companies. He added that the topic will be studied with the Economy ministry.

$40 Million for Panamanian Metro

August 2009

The Metro project has $40 million assigned for 2010, in order to conduct preliminary studies.

This budget is financed by the Interamerican Development Bank (IDB) and the "Corporación Andina de Fomento" (CAF).

"The Metro Secretary has not yet defined routes nor cost. Neither has it started the bidding process", reports newspaper Prensa.com.

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