Leasing Could Be an Option in Panamanian Metro Bus

‘Metro Bus Panama’, one of the consortiums bidding for designing and operating the project, has proposed a “bus leasing system”.

Monday, May 31, 2010

On May 26, three consortiums submitted their proposals for ‘Metro Bus’, a public transportation system. The bid by ‘Grupo Express’ was priced at $275 million, the one by ‘Transporte Masivo de Panamá’ at $269 million, and ‘Metro Bus Panama’ presented the lowest priced one at $30 million.

Raphael Fuentes, from ‘Metro Bus Panama’ told the press that by including a leasing system, “they have been able to present a more advantageous proposal. The bidding rules required two express services, one for the North Corridor and one for the South Corridor, but they have included two additional semi-express services, one over ‘España’ Avenue and one over ‘Transístmica’ Avenue”, reported Laestrella.com.pa.

The winning company will be announced in 30 days









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