PANAMA: Metro de Panamá awarded a U$2·5bn contract for the construction of Line 3 to South Korean consortium HPH Joint Venture on February 04.
The HPH joint venture of Hyundai Engineering & Construction Co, POSCO and Hyundai Engineering Co has been chosen for the 54-month contract. It 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 supplied by Hitachi, Ansaldo STS, and Mitsubishi Corp.