The Central American Bank and the Republic of Korea approve a loan of $600 million to improve the public transport system in the districts of Arraiján and La Chorrera.
With the development of the technical studies that derive from this cooperation, it is expected to provide Metro de Panamá S.A. with an analysis of the public transport system, the estimation of the supply and demand of passenger transport in the area of influence of Line 3 of the Metro; as well as the Design of the Integrated Public Transport Network.
Likewise, the review of the legal frameworks, policies and regulations will be carried out, as well as a financial and economic analysis to determine the feasibility of restructuring the public bus transport system according to the demand, operation and maintenance scenarios.
This cooperation seeks to support increasing the general mobility of the population, provide a comprehensive vision for the development of an integrated public transport system and a road map for its implementation, including Metro Line 3 as the backbone complemented by a modernized bus system with greater service capacities.