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. For example, the original route ran from Carmen church, where it interconnected with line one, following the Ricardo J. Alfaro road to the bridge of San Miguelito, where it would have continued until Dicembre 24," reported Prensa.com.
Latin America needs to double its investment in infrastructure, setting clear and long lasting rules in order to create strong and efficient public-private partnerships.
According to recent studies, on an international grading system the average grade for infrastructure in Latin America is 3.6 points out of 10, compared to the 5.4 average of the member countries of the Organization for Economic Cooperation and Development (OECD) , said the Spanish State secretary for Infrastructure, Rafael Catala.
A collection system and treatment plant should be operational in 2014, allowing the decontamination of Panama Bay and its tributaries.
The project will require $600 million and is reportedly 80% complete.
An article in Prensa.com reports that "At a cost of $245 million, the plant is projected to perform to high standards until 2035, when it must then expand its capacity. The facilities occupy 35 acres in the village of Juan Diaz and are designed to treat 50 million gallons per day. "
The energy minister said that analysis of the information shows hydrocarbon fields in Bocas del Toro, Azuero, in the Gulf of Darien, and the Caribbean Coast.
The National Secretariat of Energy had hired the company to OTS, with funding from the Corporation Andina de Fomento (CAF), to rearrange, classify and analyze the existing information on oil exploration.
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. The metro will reduce their travel time, contribute to the mitigation of pollution generated by current transportation and facilitate other activities which take place in the city with a positive impact on levels of competitiveness."
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