Panama's metro line 2 awarded

The concession to build Panama City's metro line No. 2 has been awarded to a consortium comprised of Brazilian company Norberto Odebrecht and Spanish infrastructure giant FCC. The 22 kilometre long elevated line will connect the city's northern and eastern sectors and line No. 1. The consortium, known as Consorcio Línea 2, offered US$1.86 billion for civil works, US$50.7 million for maintenance works, and US$214 million for financing, totalling roughly US$2.2bn, according to Metro de Panama.
May 18, 2015 Read time: 1 min
The concession to build Panama City's metro line No. 2 has been awarded to a consortium comprised of Brazilian company Norberto 4740 Odebrecht and Spanish infrastructure giant 5656 FCC.

The 22 kilometre long elevated line will connect the city's northern and eastern sectors and line No. 1.

The consortium, known as Consorcio Línea 2, offered US$1.86 billion for civil works, US$50.7 million for maintenance works, and US$214 million for financing, totalling roughly US$2.2bn, according to Metro de Panama.

This alliance, in which the Brazilian company owns 60 per cent and the Spanish company 40 per cent, also built Panama City's US$1.7 billion line No. 1, which has been operating for one year and was the first to launch in Central America.

Construction should begin within two months, and the consortium will have 46 months to complete works.

For more information on companies in this article

Related Content

  • US motor vehicle deaths drop slightly in first half of 2017, but remain higher than two years ago
    August 17, 2017
    Preliminary estimates from the National Safety Council indicate motor vehicle deaths in the first six months of 2017 are one per cent lower than they were during the same six-month period in 2016. However, it says the country is fresh off the steepest estimated two-year increase in motor vehicle deaths since 1964 and it is too early to conclude whether the upward trend is over. The estimated deaths during the first six months of 2017 still are eight per cent higher than the 2015 six-month estimates, and the
    Read More
  • MTC awards funding to modernise Bay Area transit systems
    January 28, 2016
    San Francisco’s Metropolitan Transportation Commission (MTC) has allocated US$494 million to help more than 20 Bay Area transit agencies replace or rehabilitate aging buses, ferries, rail cars, tracks and bridges; update safety, control and communications systems; install new fare-collection equipment; maintain services for elderly and disabled passengers; and make other capital improvements. The commitment includes US$447 million of federal transportation funds, supplemented by US$47 million of revenues fr
    Read More
  • Fluor consortium named preferred bidder for Netherlands motorway project
    July 1, 2016
    Dutch engineering company Fluor Corporation is part of the 3Angle consortium, a special purpose company selected as the preferred bidder by the Directorate-General for Public Works and Water Management of the Netherlands (Rijkswaterstaat) for the A27/A1 public private partnership (PPP) project in the Netherlands. The 3Angle consortium, comprised of Fluor, Heijmans Capital and 3i Infrastructure, will carry out the design, build, management, maintenance and financing of existing and new infrastructure of t
    Read More
  • Infrastructure projects to drive the construction industry in Norway
    August 7, 2015
    According to a recent report by Timetric’s Construction Intelligence Center (CIC), Norway’s construction industry will continue to expand over the coming five years, with investment in transport infrastructure projects continuing to drive growth. Under the government’s fourth National Transport Plan (NTP) 2014–2023, a series of infrastructure projects will be launched with an investment of around US$86.5 billion. The Norwegian Ministry of Transport and Communications has proposed total investment in th
    Read More

Highlighted Content