Panama: Tender In 2014 for Metro Line 3 and Fourth Bridge

Both works will be components of a single tender that will be convened by the next government.

Wednesday, July 24, 2013

The cost of the work will not be released until next April, but it is estimated that the fourth bridge over the Panama Canal alone could cost about $800 million, a project which will be funded by Japan.

"The Japanese government showed enthusiasm from the start, not only for the fourth bridge but also the feasibility study for the third line of the Metro, towards Panama Pacifico, Arraiján and Chorrera, as stated in the Master Plan for the Metro Network. In addition, the Japanese government through its development agency JICA, and with its own funds, ordered a detailed feasibility study, which is being carried out at the moment and will be completed in April 2014," said Roberto Roy, Panama Metro secretary and chairman of the board of the Panama Canal Authority (ACP).

The fourth bridge "will be in the north but relatively close to the Bridge of the Americas, bordering the port of Balboa. We chose this route because it is one which will produce the bridge with the least span, and therefore the lowest cost, and with the best access to the Northern Corridor and the Metro Station at Albrook," added Roy.

Before starting the construction work, which would last three to four years, there will be a final design phase, the project manager will be selected and there will be a tender for the project. "We will make it an international tender, according to the rules of JICA, and it will not be restricted to only Japanese companies because the statutes forbid it," said the official.

Capital.com.pa reports: "Line 3 will consist of a monorail train that will cross the Canal with the new bridge that will link the city with the nearby populations of Arraiján and La Chorrera, authentic satellite towns around the capital."

More on this topic

Metro Line 3 to be Tendered Within 12 months

April 2016

President Varela announced that in the second week of May 2017 the tender will be launched for the construction of Metro Line 3, which in its first phase will run from Albrook to Ciudad del Futuro.

Following the announced last week of the signing of a financing agreement for this project with the government of Japan, President Juan Carlos Varela has set the date of May next year for the tender of the work, which will utilise Japanese technology.

Panama: Hitachi of Japan in Line 3 of Metro

June 2015

In exchange for "soft" financing conditions, the Japanese company would be in charge of the electromechanical works of Metro Line 3.

Although negotiations between the two governments have not yet been finalised, the participation of a Japanese company in the execution of electromechanical works of the project is the condition for China to grant funding for the entire project.

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.

Japan Wants to Participate in Mega Works in Panama

January 2014

Participation in the construction of the Metro Line Three and the third bridge over the Panama Canal could be undertaken through the International Cooperation Agency of Japan.

Hiroaki Isobe was, Japanese Ambassador to Panama, said there is interest from that country in financing the construction of Metro Line Three and a third bridge over the Canal.

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