2025.02.21
On February 6, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of Panama in western side of the Panama metropolitan area, to provide Japanese ODA loan for Panama Metropolitan Area Urban Transportation Line-3 Development Project（Ⅲ）.
Signing ceremony
Terms and Amount of Loan
- Country (Target Areas)
The Republic of Panama (Western side of the Panama metropolitan area)
- Project Objective
The objective of the Project is to contribute to the improvement of urban mobility and the reduction of emission of greenhouse gases, through the construction of the Urban Transportation Line-3 which connects the downtown and the western side of the Panama metropolitan area, introducing high-quality monorail vehicles and its system, which have sufficient robustness and reliable track record of commercial operations as an urban transportation system, thereby contributing to sustainable economic development of Panama.
- Project Component
a) Procurement of a monorail system for the Urban Transportation Line-3.
b) Engineering and construction work for the Underground Section (approximately 5 km for the part between Albrook and Panama Pacifico), elevated structures (approximately 20 km between Panama Pacifico and Ciudad del Futuro) and station buildings, etc. and procurement of equipment not including the monorail system for the Urban Transportation Line-3.
c) Consulting services (the Underground Section)
Basic design review, detailed design review, implementation supervision, etc
- Maximum Loan Amount
159,496 million Japanese Yen
- Annual Interest Rate
Project: TORF-100bp, Consulting Services: 0.01%
- Repayment Period
20 Years
- Grace Period
6 Years
- Procurement
General Untied
- Executing Agency
Metro de Panamá, S.A.
- Contribution to SDGs
Goal 9 （Industry, innovation and infrastructure）
Goal 11（Sustainable cities and communities）
Goal 13（Climate action）
- Planned Implementation Schedule
Completion of the Project: December 2028, when commercial operation is commenced.
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