The Colombian National Development Financier (FDN) has announced that the second phase of the $13.5 billion project, 9.5 billion of which will be state funded, will be complete towards the end of 2016, at which point tenders will be open on the capital’s transport mega-project. The Institute for Urban Development (IDU) have also confirmed that their contribution towards the project is in place.
The mayor of Quito, Mauricio Rodas, announced on Thursday 24 September that the Metro Alianza consortium have been award the initial $27.9 million Line 1 project management contract, following agreements with multilateral lending agencies. According to Rodas, the final amount agreed with the consortium is lower than the initial budget reference set at $31 million.
According to Bogota Mayor Gustavo Petro, financing strategy for the cities 30% contribution to the project has been approved by the state government, and completion of Conpes documentation is the only remaining hurdle before the construction tender can open for the first line of the capital’s metro . The 4.14 billion peso contribution will be largely raised from profits of publicly owned companies and borrowing.
Metrô Rio is a mass-transit underground railway network that serves the city of Rio de Janeiro, Brazil. The network covers a total of 41 kilometres, serving 35 stations, across two lines. Line 1 covers 16 kilometres and Line 2 serves a 30.2 kilometre stretch, with a total of 30 stations. Metrô Rio has the second highest passenger volume of the metro systems in Brazil, after the São Paulo Metro.
Twelve of Metro Rio’s fifteen new trains, which will operate Line 4, have arrived this week from China and operational testing will begin this week on Line 1 and Line 2. The trains will have six cars and will be able to transport 1,800 passengers. The remaining Line 4 trains are expected to arrive in December 2015. The new line will run from Barra to Ipanema in thirteen minutes and Barra to Centro in 34 minutes.
According to government figures, Metro de Panama has generated $10.75 million during its first 6 months of operation, which represents only 26.4% of the maintenance and operation costs. With the project funded largely by international creditors, questions are being raised as to how the metro can reduce dependence on state subsidies and move toward profitability.
The Ministry of Transport and Communication have provided further details for Line 2 of the cities expanding metro system, while the GTU look to reduce congestion and support urban integration as they tender 9 new transport routes in the south of the city.
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