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Funds secured for Panama Metro rolling stock [free access]

March 9, 2017

Panama’s Ministry of Economy and Finance has signed a loan agreement worth USD137.33 million with three international entities including ING Bank and Citibank for the procurement of 70 new cars for the metro network. Ridership is expected to increase by 110 per cent with the acquisition of the new cars.

 

The Panamá Metro network comprises a single line, the North-South (Line 1), which spans 13.7 km (7.2 km underground and 6.5 km elevated) from Albrook near the airport to Los Andes, covering 12 stations (seven underground and five elevated). It was built at an investment of USD2.2 billion and opened in 2014.