$40 Million for Panamanian Metro
The Metro project has $40 million assigned for 2010, in order to conduct preliminary studies.
Friday, August 14, 2009
This budget is financed by the Interamerican Development Bank (IDB) and the "Corporación Andina de Fomento" (CAF).
The work to be tendered next year will be 6.2 miles longer than the first line, having a total length of 22 kilometers.
CAF approved funds for construction of Metro Line 1 in Panama City.
Four financial institutions have confirmed their interest in the Panamanian Metro project.
The Metro Secretary is looking for the project's main adviser, and for that it is preparing a technical cooperation agreement with the IDB and the CAF.
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