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.

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).