The Quito Metro project has been on hold for the past three months, as local government, state government and the Odebrecht-Acciona consortium have been locked in discussions to reduce the rising project costs for phase two of the project and decide who will be responsible for subsidizing the projected 500 million USD shortfall. Quito Mayor affirms, “I want to confirm something that has not been in doubt; the metro will go”.
The Quito Metro project has not been included in the 2015 General State Budget, admid claims of spiraling costs, mismanagement and a dispute between central and regional government in the Ecuadorian capital. The municipal government has proposed that the state cover the shortfall, while the President insists his administration will not provide additional funding for the project.
The World Bank reaffirms the importance of Quito’s inaugural metro line, as the organization provides an additional $205 million loan towards the construction of Line 1. The project,…
