Panamanian Metro Has $1 Billion Financing

Brazil's Development Bank will provide the government a $1 billion credit line for the construction of the Metro.

Wednesday, August 19, 2009

President Ricardo Martinelli announced: "We requested $1 billion, but they offered us an unlimited credit line. For that we must thank the minister and President Lula".

"Vice president Juan Carlos Varela explained that a technical team from the Development Bank of Brazil will visit Panama to adjust the terms of the loan with Alberto Vallarino, Economics and Finance Ministry", reports Prensa.com.

More on this topic

$2.6 billion Available for Metro Line 3

April 2016

The financing agreement signed between the governments of Panama and Japan includes a non-refundable $35 million for recruitment of the Project Management company.

From a statement issued by the Presidency of Panama:

Panama today finalized a landmark agreement with Japan for financing of up to B /.

Panama: Advances Made on Subway Line 3

January 2016

An announcement has been made of the upcoming signing with Japan of a memorandum of understanding on the construction of a transport system which is vital for the development of the west coast of the Panamanian Pacific.

The extension of Metro Line 1 by Línea 2, which has already started on preliminary work, and then through the planned Line 3, ensures the future of 27 kilometers of the coastal area from Albrook to Arraiján.

Panama: Details of Financing of Metro Line 3

September 2014

A loan from the Japanese government for the construction of the third line of the Metro will have a term of 25 years, a seven-year grace period and an interest rate of 2.5%.

As was announced in July 2013, the Government of Japan will provide the resources for the construction of the third line of the Metro, whose final route will be up to Ciudad del Futuro in Arraiján.

$300 Million For Salvadoran Bus System

February 2010

The government of Brazil has offered a $300 million loan to renew the country’s bus fleet.

Marcelo Baumbach, spokesperson for Brazil’s government, explained they are negotiating a credit line with BNDES, Brazil’s National Economic and Social Development Bank.

“Presidents Luiz Inácio Lula da Silva and Mauricio Funes will meet in El Salvador next week to discuss a $300 million loan to renew El Salvador’s bus fleet”, reported Elsalvador.com.

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