The non-reimbursable Technical Cooperation amounts to $630,000 and was recently approved by the Republic of Korea within the framework of the CABEI-Korea Sole Donor Trust Fund (KTF), according to an official statement.

The Central American Bank for Economic Integration (CABEI) statement explains that this donation will strengthen the institutional capacity of Empresa Metro de Panama S.A., the operator of the lines, and will allow the execution of activities of high importance such as the analysis of the market demand for Line 5, soil, hydrological, geological and geotechnical studies.

See "Tender for Railway Transportation in El Salvador"

Recommendations will also be issued on preliminary civil works designs, selection of rolling stock technologies, passenger capacity, and Line 5 operations and maintenance, among others.

The document released on April 12 states that "... it is expected that the execution of this cooperation and the development of this important project will benefit a total population of 1.9 million people, and promote greater and more equitable urban mobility with better access and lower costs, contributing to the economic transformation of the country.

The implementation of this initiative is scheduled to begin during the second quarter of 2021."

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More on this topic

Tender for Railway Transportation in El Salvador

March 2021

A tender was announced to execute the studies that will be used to determine the feasibility of the development of the railroad network for cargo and passengers, included in the Pacific Train Project.

In a press conference, the Autonomous Executive Port Commission (Cepa) informed that through the technical cooperation in the bidding process, an analysis of the demand for rail service for cargo and passengers within the country will be carried out, and recommendations will be provided regarding the use of technologies and optimal alternatives for an efficient rail network and the appropriate systems to connect identified segments within the country.

$550 Million Approved for Fast Train

October 2019

The Central American Bank for Economic Integration approved a loan to the government of Costa Rica to finance part of the project "Fast Passengers Train of the Great Metropolitan Area."

The investment in infrastructure and equipment of the project represents $1.298 million, which is expected to be executed under the modality of Public Private Partnership, with a state contribution of $550 million, which will be provided by the Central American Bank for Economic Integration (CABEI), according to a statement from the financial institution.

Plans for the Panama Metro

March 2018

The pre-feasibility study for the new master network includes estimates of future demand up to 2040, and recommendations on the location of stations for lines 2A, 4 and 5.

The study recommends starting with Line 2A, as this would complete Line 2 and would significantly ease the exchange at San Miguelito and Line 1, by giving users the opportunity to head to the city center through Ave.

Panama Metro Master Plan Awarded

April 2017

The consortium made up of two Japanese companies and one French company will develop the pre-feasibility study for the new metro master network, with emphasis on lines 4 and 5.

The consortium, called Nippon Koei Lac-Sytra, is made up of the Japanese companies Nippon Koei Co. Ltd and Nippon Koei LAC Inc, and the French company Sytra.