Price Finally Announced For Panama Metro

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The Panamanian government announced May 14 that the cost to use the Panama Metro will be US$0.35 a ride (US$0.70 round trip) and charges will begin on June 15, 2014.

The Metro was inaugurated on April 5 and since its opening it has been completely free for users to ride. President Martinelli had assured users that the cost of the Metro would not be more than US$1. Most people that were surveyed thought the price would be US$.75 or US$1 so some people are pleased with today’s announcement while others are skeptical.

The people who are skeptical believe that the price will not be sustainable enough to maintain the Metro and think Martinelli is only doing it to cause problems for the new government since his party was not re-elected.

Overall the cost of using the metro systems throughout Latin America is very low compared to the rest of the world. Here is a cost comparison of a metro ride in U.S. dollars at current exchange rates:

São Paulo, Brazil: US$1.36 (R$3)

Santiago, Chile: US$1.23 (CLP$680)

Medellin, Colombia: US$0.81 (COP$1,560)

Lima, Peru: US$0.54 (S/.1.5)

Santo Domingo, Dominican Republic: US$0.46 (RD$20)

Mexico City, Mexico: US$0.39 (MXN$5)

Panama City, Panama: US$0.35

Buenos Aires, Argentina: US$0.31 (ARS$2.50)

Caracas, Venezuela: US$0.24 (Bs1.50)

The first line of the Panama Metro includes 19 trains, each with 3 cars, and 15 stations going from Albrook to Los Andes (being extended to San Isidro this year). Operating hours are 5:00 a.m. to 10:00 p.m. Monday to Saturday and 7:00 a.m. to 10:00 p.m. on Sundays . Line two is planned to go from Multiplaza to 24 de Diciembre with a connection point to line one.

Editor’s Note: Panama will be among the 21 featured destinations for this year’s annual Retire Overseas Conference taking place Aug. 29–31 in Nashville, Tennessee…

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Joey Bonura

Joey Bonura is from Louisville, Kentucky and moved to Panama more than two years ago to finish his degree in International Business. He enjoyed the hot tropical weather and the lifestyle on offer in Panama City so much that he decided to make this his permanent residence.