Panama Metro signs Line 3 monorail MoU for $840 million.

News from Panama / Tuesday, September 4th, 2018
Post Views: 445

PANAMA Metro (MPSA) has signed a memorandum of understanding (MoU) with Hitachi, Ansaldo STS, and Mitsubishi to supply a 26.7km, 14-station monorail system for Line 3 of the Panama Metro for $840 million.

 

The equipment purchased will be for Line 3 of the Metro, which will connect the West with the city and will have 26 kilometers of elevated length and 14 stations. The monorail system will be used, with trains of 6 wagons each, with an initial capacity to transport 20,000 people in peak hour per direction.

From a statement issued by the Presidency of the Republic of Panama:

The Cabinet Council authorized today the signing of an Agreement between the Nominated Subcontractor of the Line 3 Project, the company Hitachi LTDA, and Metro de Panamá, S.A. (MPSA) for the purchase of all the equipment and wagons of Line 3 of the Metro, towards West Panama. 

This initiative is based on the Agreement between the Governments of Panama, Japan and the Japanese International Cooperation Agency (JICA) to introduce high quality Japanese technology into the transportation system of Metro Line 3.

Read full statement (in Spanish).

Hitachi will provide 28 six-car trains and Ansaldo STS will supply signalling, telecommunications and power systems, while Mitsubishi will be in charge of commercial affairs.MPSA will select the prime contractor for the project, which will including the civil works portions, while the subcontractor contract will be signed by the prime contractor and the three MOU signees.The Japan International Cooperation Agency (JICA) signed a loan agreement with the Republic of Panama on April 20 2016 to provide a Japanese official development assistance (ODA) loan of up to Yen 29.5bn ($US 266.2m) for the Panama Metropolitan Area Urban Transportation Line-3 Development Project.

    Sign Up for our Newsletter:

    Your Name (required)

    Your Email (required)