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LatinNews Regional Monitor: Caribbean & Central America - 31 August 2018
In brief: Panama
Panama: Panama’s President Juan Carlos Varela has announced a deal between Metro de Panamá SA (a government agency) and the nominated subcontractor of the Panama metro Line 3 (comprising Japan’s Hitachi LTD, Mitsubishi Corporation, and Ansaldo STS, Hitachi’s Italian railway unit) for the purchase of all the equipment and wagons of Line 3 - an investment of US$839.6m which will improve urban mobility between Panama City and its western suburbs. According to a press release by the Panamanian presidency, with the construction of Line 3 it will be possible to mobilise more than 20,000 people, in peak hours, from Panama City to the Ciudad del Futuro complex in Arraiján district, Panamá Oeste province, in just 45 minutes, passing through 14 stations along a journey of 26.5km. The press release also notes that, to-date, seven companies have been prequalified to participate in the bidding for the construction of Line 3, with plans to publish the bidding documents to select the main contractor of the project at the end of September.
