{"id":9788,"date":"2014-03-03T15:27:48","date_gmt":"2014-03-03T20:27:48","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=9788"},"modified":"2014-03-03T15:27:48","modified_gmt":"2014-03-03T20:27:48","slug":"panama-unveils-first-metro-system-in-central-america","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-unveils-first-metro-system-in-central-america\/","title":{"rendered":"Panama Unveils First Metro System in Central America"},"content":{"rendered":"

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

Well it is almost ready for business and what a great accomplishment for Panama.<\/p>\n

The consortium made up of Spanish construction group FCC and Brazilian engineering giant Odebrecht has delivered Line 1 of Panama City\u2019s metro system, the first of its kind in Central America, wrapping up a project that took 41 months to complete and cost $2.01 billion.<\/p>\n

The new metro was unveiled in a ceremony Friday at the headquarters of Panama\u2019s Metro Secretariat, officials told Efe.<\/p>\n

The metro system\u2019s Line 1 was initially intended to stretch for 13.7 kilometers (8.5 miles) and include 13 stations, both above and below ground, but a pair of kilometers and two stations were later added, raising the price by $211.6 million, officials confirmed Friday.<\/p>\n

Financing for the project has come from Citibank, the Inter-American Development Bank, the Andean Development Corporation, known as the CAF, and the Panamanian Economy and Finance Ministry.<\/p>\n

Additional support has been provided by institutions such as French export credit agency Coface, Spain\u2019s Cesce and the Multilateral Investment Guarantee Agency, the political risk insurance arm of the World Bank Group.<\/p>\n

The trains were built at French multinational Alstom\u2019s plant in Barcelona.<\/p>\n

The trains will consist of three cars initially, though they have a five-car capacity. Each has air conditioning, video monitoring equipment, passenger information systems and designated seating for the disabled.<\/p>\n

Once it reaches full operating capacity between May and June, Line 1 will be able to transport up to 30,000 people an hour in both directions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Well it is almost ready for business and what a great accomplishment for Panama. The consortium made up<\/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":[],"class_list":["post-9788","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"\nPanama Unveils First Metro System in Central America - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-unveils-first-metro-system-in-central-america\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panama Unveils First Metro System in Central America\" \/>\n<meta property=\"og:description\" content=\"Well it is almost ready for business and what a great accomplishment for Panama. 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