Subway
in Central America
Monday, March 26, 2012
The Panamanian Metro is putting out to tender the design and installation of escalators and elevators for the stations on the Metro line 1.
The tender is for the design, manufacture, supply, installation, testing, commissioning and maintenance of escalators and elevators in stations required for line 1 of the Panama Metro.
Monday, March 19, 2012
Local companies will vie for the construction of train yards and workshops, to be put out to tender during 2012.
The main contract for construction of the Panama City Metro international tender was awarded to the consortium Línea Uno, made up of Brazil's Odebrecht and the FCC, a contract worth $1.452 billion.
Tuesday, January 24, 2012
Studies of passenger demand are underway and this year, the design plans will be started for Line 2 of the Panamanian Metro system .
Line 2, which will be only in an elevated form, will join the sector December 24 with the intersection of San Miguelito in the capital, said Robert Roy, secretary of the Metro.
"The cost will be released later this year," he said.
Tuesday, January 17, 2012
At the First Central American Forum on Energy and Infrastructure Project Finance, participants highlighted the number of ventures taking place in Central America in these sectors.
The Panama Canal expansion is just one example that stands out of the many investment projects in energy and infrastructure, both public and private, going on in Central America, in contrast to the sluggishness in Europe, according to participants in the industry forum held in Panama.
Tuesday, November 29, 2011
The cancellation by Panama of a multi million dollar deal with a French company has led the French government to issue a conciliatory statement.
Panama implemented the Law of Retaliation after statements by the French Budget Minister Valérie Pécresse, who claimed that Panama was not cooperating in the fight against tax evasion.
Monday, November 28, 2011
In retaliation against declarations by the French Minister of Budget and Public Accounts over Panama’s uncooperativeness in combating tax evasion, Panama is applying the Law of Retaliation.
Economy Minister Frank De Lima announced the revocation of the mandate given to the French company Compagnie Francaise D'Assurance Pour Le Commerce Extérieur (Coface) for a loan of $298 million to part finance the construction of a Metro system in the Panamanian capital, pointing out that this is Panama's response to statements by Valérie Pécresse, French Minister, who claimed that the canal country was uncooperative in the fight against tax evasion.
Friday, October 21, 2011
The National Economic Council has approved two draft financing contracts for the construction of Metro Line 1, for $362 million.
A press release from the Ministry of Economy and Finance of Panama states that
“The first contract is with the COMPAÑÍA ESPAÑOLA DE SEGUROS DE CRÉDITO A LA EXPORTACIÓN (CESCE),, for a total of up to $64,147,148 to partially fund this stage of the construction of METRO .
Wednesday, October 5, 2011
Great interest is being taken in land and homes in areas near to the new Metro stops.
Real estate industry representatives agree on declaring areas where underground stations will be located "gold mines".
The price per square meter could rise to the same values or even higher as those currently paid on Avenida Balboa, the area considered the most expensive in Panama. Today the price per square meter on Balboa Avenue is approximately $2,300.
Thursday, March 24, 2011
The project represents an investment of $ 1.500 million and its construction will be done by Consortium Linea 1, structured by Norberto Odebrecht and FCC.
The formal start of construction of the project was made by a sound which instructed the immediate operation of equipment located in the Albrook area.
Wednesday, March 16, 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. 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."
Monday, February 14, 2011
"Consorcio Línea 1" began construction of what will be the first metro operating in Central America in 2014.
Works began at Plaza Cinco de Mayo, in downtown Panama City.
The Government expects to begin operations in 2014 and launch a tender for "a second subway line, of a total of four which are planned for future years, one of which will run above the canal,” noted Laprensagrafica.com.
Friday, January 21, 2011
Valued at $ 270 million the Alstom group will manufacture in its plant in Barcelona the 57 wagons of the first Metro line.
The company is a subcontractor of consortium FCC and Odebrecht, who will build the first subway line.
"Trains are based on the 'metropolis' platform of Alstom and will be very similar to those provided for the metro line 9 in Barcelona," reports the article in Europapress.es.
Tuesday, December 14, 2010
The Metro Department is inviting bids for risk and social liability insurance policies.
The policies issued are for all-risk construction policies (TCR) and civil liability (RC) under the OCIP program (Owners Controlled Insurance Program) as required by the Metro Department of Panama for the construction of Line 1 of the Panamanian Metro.
Monday, November 29, 2010
The Panama Metro Department and Consorcio Línea 1 signed last Friday the contract for the construction of Metro Line 1.
The project will stretch 13.6 kilometers and will be built from Los Andes, San Miguelito district, to the Albrook bus terminal, so the president made a special request to Panamanians in order for them to have patience with the changes which will happen as a consequence of the Metro works.
Friday, November 26, 2010
The Metro Secretary reported that as of yesterday, November 25th, public consultation began for the study.
The process will include public forums in Panama City.
The process began after the National Environmental Authority (ANAM), through resolution 142-1911-10, admitted that project EIA Line 1 meets minimum requirements.
Public consultation will last for 20 working days from the last publication in national newspapers and municipal publications directly related to the project, according to Decree 123 of August 14, 2009.
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