{"id":30905,"date":"2021-03-01T09:42:47","date_gmt":"2021-03-01T14:42:47","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=30905"},"modified":"2021-03-01T09:42:47","modified_gmt":"2021-03-01T14:42:47","slug":"panama-line-3-monorail-starts-construction","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-line-3-monorail-starts-construction\/","title":{"rendered":"Panama Line 3 monorail starts construction"},"content":{"rendered":"

\"\"<\/a><\/p>\n

CONSTRUCTION of Panama Metro\u2019s $US 2.8bn Line 3 monorail project has started, following a ground breaking ceremony on February 22 attended by president Mr Laurentino\u00a0Cortizo\u00a0Cohen and Panama Metro general director, Mr H\u00e9ctor Ortega.<\/p>\n

Work on the 24.5km project is expected to take approximately four years to complete. Its launch follows the\u00a0approval of contracts and financing for the project<\/a>\u00a0earlier this month by Panama\u2019s comptroller general, Mr Gerardo Sol\u00eds.<\/p>\n

Construction will be\u00a0carried out\u00a0by the HPH Consortium, comprising Hyundai Engineering and Construction and\u00a0Posco\u00a0E&C, under a $US 2.06bn design, construction and financing?contract awarded in February 2020.<\/a><\/p>\n

Phase 1 will run from\u00a0Albrook\u00a0to Ciudad del\u00a0Futuro,\u00a0carrying approximately 160,000 passengers. The line will reduce average travel times during peak hours from\u00a01h 30min\u00a0to 45 minutes and will\u00a0have\u00a014 stations.\u00a0A\u00a0potential 34km Phase 2 extension to La Chorrera is also\u00a0planned.<\/p>\n

<\/p>\n

CONSTRUCTION of Panama Metro\u2019s $US 2.8bn Line 3 monorail project has started, following a ground breaking ceremony on February 22 attended by president Mr Laurentino\u00a0Cortizo\u00a0Cohen and Panama Metro general director, Mr H\u00e9ctor Ortega.<\/p>\n

Work on the 24.5km project is expected to take approximately four years to complete. Its launch follows the\u00a0approval of contracts and financing for the project<\/a>\u00a0earlier this month by Panama\u2019s comptroller general, Mr Gerardo Sol\u00eds.<\/p>\n

Construction will be\u00a0carried out\u00a0by the HPH Consortium, comprising Hyundai Engineering and Construction and\u00a0Posco\u00a0E&C, under a $US 2.06bn design, construction and financing?contract awarded in February 2020.<\/a><\/p>\n

Phase 1 will run from\u00a0Albrook\u00a0to Ciudad del\u00a0Futuro,\u00a0carrying approximately 160,000 passengers. The line will reduce average travel times during peak hours from\u00a01h 30min\u00a0to 45 minutes and will\u00a0have\u00a014 stations.\u00a0A\u00a0potential 34km Phase 2 extension to La Chorrera is also\u00a0planned.<\/p>\n

\"\"
The line will be mostly elevated and will have 14 stations.<\/em><\/figcaption><\/figure>\n

The line is primarily elevated, but also includes approximately 5.3km of tunnels with a maximum depth of around 64m.<\/p>\n

When the line opens in 2025, it will be operated\u00a0using a fleet of\u00a028 six-car trains<\/a>?equipped with regenerative braking, supplied by a consortium of Hitachi, Hitachi Rail STS and Mitsubishi under a $US 883m contract awarded in October 2020. The contract also covers the provision of electrification, signalling and communications and control systems for the line.<\/p>\n

\"\"
The trains will be supplied by a consortium of Hitachi, Hitachi Rail STS and Mitsubishi<\/em>.<\/figcaption><\/figure>\n

The project is expected to strengthen the economy of the province of Panama Oeste, generating more than 5000 direct and indirect jobs and benefiting more than 500,000 people in the region.<\/p>\n

\u201cImproving mobility in Panama City is one of the main commitments that the Panama Metro has,\u201d Ortega says. \u201cEven in the midst of the current health crisis and its economic consequences, we continue to contribute to the economic growth of the country with the launch of Line 3.\u201d<\/p>\n

For detailed data on metro projects from around the world, subscribe to\u00a0IRJ Pro<\/a>.<\/em><\/p>\n

Stay Safe!!<\/p>\n\n

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    CONSTRUCTION of Panama Metro\u2019s $US 2.8bn Line 3 monorail project has started, following a ground breaking ceremony on<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,246,244,262,281],"class_list":["post-30905","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-safety-in-panama-panama-real-estate-bocas-del-toro","tag-travel-to-panama-rent-in-boquete-expat-tourism"],"yoast_head":"\nPanama Line 3 monorail starts construction -<\/title>\n<meta name=\"robots\" content=\"index, follow, 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