On Monday the President of Panama, Juan Carlos Varela, announced that there is progress in negotiation with the Government of Japan for the beginning of the construction and funding of Metro Line 3.
Presently the Deputy Foreign Minister of Panama, Luis Miguel Hincapie, is in Japan signing an agreement for construction and its financing which will amount to over than $ 2 billion dollars.
Along with the funds Japan will present the project management and will be responsible for design and construction of the metro line.
Line 3 will use the monorail technology and contain 14 station in 27 kilometers, starting in Albrook Terminal and heading towards Arraijan and La Chorrera. The final station will be called Ciudad de Future (The city of future).
The trains will contain 6 cars with the total capacity of the system about 20,000 passengers an hour in a single direction.
