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Panama nationalizes Mi Bus transport system

Thursday, September 10, 2015


Juan Carlos Varela, the president of Panama, announced the nationalization of the Mi Bus public transport system. The acquisition amounts to $49.7 million plus $245 million in debt.

Mi Bus has faced serious problems. It will now be a subsidiary of the Panama Metro, under a concession by First Transit, a US company that operates Greyhound.

Full story in Spanish