Line 3: Award Confirmed in Panama

The award of the contract to the HPH Joint Venture Consortium became final, after several claims submitted in the tender process for the design and construction of Metro Line 3 were resolved.

Wednesday, February 5, 2020

Héctor Ortega, director of Metro de Panamá, S.A., announced that on February 4 the resolution confirming the award to the HPH Joint Venture Consortium (integrated by Hyundai Engineering & Construction Co., Ltd.) of the Best Value Bid with Separate Evaluation for the construction and commissioning of Metro Line 3 was published.

See "Panama: Line 3 Close to Being Awarded"

The statement of the Presidency of Panama states that "... The HPH Joint Venture Consortium presented the best technical and economic proposal for a total amount of two thousand five hundred seven million four hundred thirty-nine thousand US dollars with 00/100 (US$2,507,439,000.00), which includes the amounts of provisions of a fixed amount and the Nominee Subcontractor, and for the financing option the amount of three hundred three million five hundred seventy-two thousand six hundred seventy-two US dollars with 00/100 (US$303,572,672.00), without State guarantee."

The tendered project will be developed under the turnkey scheme, will have a 26.7 km route with 14 stations and will use the fourth bridge over the Panama Canal to cross to Panama West.

Line 3 of the Metro will have 25 kilometers of elevated length and will run in 45 minutes the 14 stations from Albrook to Ciudad del Futuro, saving two hours of travel time.  It will have 28 trains of 6 carriages, the technology used will be a monorail, composed of six carriages each train with a capacity for about 1,000 passengers and the construction will be executed in a period of 54 months.

See details of the tender (in Spanish).

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More on this topic

Panama: Line 3 Close to Being Awarded

January 2020

After several complaints filed in the bidding process for the design and construction of Metro Line 3, the authorities decided to dismiss the allegations made by the ACPC Consortium and the company China Railway Group Limited.

In December 2019, it was announced that the report of the evaluation board had been partially annulled and the committee was instructed to conduct a new analysis of the proposals of HPH Joint Venture and China Railway Group.

Tender for Metro Line 3 Report Cancelled

December 2019

In the tender for the design and construction of Line 3 of the Panama Metro, the report of the evaluation board was partially annulled and the committee was asked to conduct a new analysis of the proposals of HPH Joint Venture and China Railway Group.

In light of the complaints filed, the General Directorate of Public Contracting resolved to "partially annul the report of the Public Act Evaluation Commission" and also ordered that the "same evaluation commission" carry out a new partial analysis of the proposals presented by two China Railway Group Limited and the HPH Joint Venture Consortium.

Metro Line 3: Tender Suspended

November 2019

In response to complaints filed by Consorcio Línea 3, ACPC Línea 3 and China Railway Group Limited in the tender for the design and construction of Panama Metro Line 3, it was ordered to suspend the public tender.

The claims of the business conglomerates were filed after Metro de Panamá S.A.

Qualified Bids to Build Metro Line 3

November 2019

The proposal of the HPH Joint Venture Consortium was the one with the best qualification in the tender for the design and construction of Line 3 of the Panama Metro, which will reach Ciudad del Futuro in Arraijan.

The business conglomerate with a score of 893 points is composed of Hyundai Engineering & Construction Co., Ltd. - POSCO - Hyundai Engineering Co. Ltd, official sources reported.

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