PANAMA: Metro de Panamá awarded the HPH joint venture of South Korean companies a US$2·5bn,54-month contract for the construction of Line 3 on February 4.
The joint venture of Hyundai Engineering & Construction Co, POSCO and Hyundai Engineering Co beat bids from China Railway Group, a consortium of Acciona Construcción and China Power, and a consortium of FCC, CICSA and SKEC.
The 26·7 km Line 3 monorail would serve 14 stations on an elevated alignment from Albrook station on metro Line 1 to Ciudad del Futuro. The end-to-end journey time would be 45 min, with some services from Albrook terminating short at Nuevo Chorrillo.
Initial capacity will be 20 000 passengers/h per direction, with a fleet of 28 six-car trainsets to be supplied by Hitachi, Ansaldo STS, and Mitsubishi Corp.