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Panama rapid transit

Thursday, February 24, 2011


 

 

 

 

 

 

 

 

 

 

 

With construction of Panama`s first metro line scheduled to start this month, the government this week announced plans for three additional rapid transit lines.

Two new metro projects will cross Panama City from east to west, while the first line will run mainly on a north-south axis.

In addition, the transportation ministry is planning a light-rail line, which will link suburban areas with the metro system. 

A consortium led by Brazil’s Odebrecht and FCC of Spain will build the first line at a cost of some $1.4 billion.

Panamanian authorities expect that the new lines will stimulate housing projects, giving residents easy access to jobs in the capital.

Areas east of Panama City can expect to see the development of entirely new communities, according to Metro Secretary, Roberto Roy.

Opportunities

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  • Real estate developers