Metro Line 3 Tender Set For May 2017


President Varela pronounced May 2017 to be the date the tender will be launched for the construction of Metro Line 3. This follows last week’s announcement of the signing of the financing agreement with Japan, when it was also determined that the project will utilize Japanese technology.

Deputy Foreign Minister Luis Miguel Hincapié and the Japanese Parliamentary Vice-Minister for Foreign Affairs Hitoshi Kikawada signed a technical and financial co-operation agreement on Metro Line 3 on January 14.

Details of the agreement were finalized during Varela’s recent visit to Japan. The memorandum originally specified the use of “high-quality Japanese technology” to build a 26.7 km monorail line with 14 stations.

The first phase will connect Albrook with Nuevo Chorrillo via Arraiján, a 17.5 km stretch that is expected to carry up to 20,000 passengers per direction per peak hour. The second phase will extend the line from Nuevo Chorrillo to Ciudad del Futuro.


About Author

Live & Invest Overseas News

Live and Invest Overseas News covers top stories related to living, investing, retiring, owning property, and doing business around the world.