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Posted by Maria Arias on May 9, 2016
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PANAMA METRO LINE 3 WILL BE FINANCED BY JAPAN

The governments of Panama and Japan agree to use Japanese technology of monorail for Line 3 of the Panama Metro, while the civil works component will be ruled by the local Panamanian regulations. Japan will grant technical cooperation non- reimbursable to fund the project.

Panama signed a financing agreement for $2.6 billion with Japan. This monorail system will be the first one with Japanese technology to be built in the American continent. It is expected that in the first three months of 2018 the tendering process will start, so the contract winner will be announced at end of the same year.

The prime minister, Shinzo Abe, emphasized that this will be a historical milestone which will allow Japan to bring high quality infrastructure to Panama and Latin America. The project is considered the biggest Panama has undertaken since the widening of the Canal.

Line 3 of Panama Metro will have a length of 26.75 kilometers in its first phase with 14 stations. The Interconnection of the system of the trains with Panama West will benefit more than 400 thousand users.

It starts with a connection to Line 1 of the Metro in Albrook departing from Balboa, crossing the Panama Canal over the fourth bridge and following along the Panamerican Highway with an important exchange station to offer connectivity with the Panama Pacifico Special Economic Area and continuing to Arraijan city center.