Comptroller's Office endorses the contract for Line 3 construction of Panama Metro
The Comptroller General of the Republic approved the contract for the construction of Line 3 of the Panama Metro for an amount of $2,844,096,495.89.
The work will be carried out by the HPH Joint Ventura consortium (Hyundai Engineering and Construction Co. Ltd.).
The contract entered for endorsement by the Comptroller's Office on November 12, 2020 and the process included the review of more than 15 requirements of the tender, among which the contractor's offer and award resolution, the model of order to proceed, bonds guarantee, insurance policies, list of subcontractors, execution plan and schedule, environmental impact study approved by the Ministry of the Environment (MiAmbiente).
The comptroller, Gerardo Solís, said that the project was exhaustively reviewed to meet the necessary specifications to proceed with its endorsement.
This work will connect the province of Panama Oeste with the province of Panama, from Metro Line 1 at the Albrook station, reducing the average travel time in rush hour, from 90 to 45 minutes.
It will have an extension of 24.5 kilometers in its first stage, it will have 14 stations, and it is estimated that it will cost $113,763,859.00 per kilometer.
It will use the monorail system, which will cover an approximate demand of 160,000 passengers.
The project includes a tunnel with an approximate total length of no more than 5.3 kilometers divided into two sections and its construction would take about 33 months, including its equipment.