View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 25, 2016

Panama and Japan sign $2.6bn monorail deal

The Republic of Panama has signed a $2.6bn agreement with the Government of Japan to fund construction of a new line at Panama Metro.

The Republic of Panama has signed a $2.6bn agreement with the Government of Japan to fund construction of a new line at Panama Metro.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

Line 3 is claimed to be the largest project in Panama since the expansion of the Panama Canal, and its monorail system will be first in the Americas to use Japanese technology. It will be 26.75km with 14 passenger stations, and it is scheduled to begin in 2017, with operations expected to start by late-2021.

The first phase of Line 3 is expected to meet the demand of 20,000 rush-hour commuters in 2020, while the second phase of the line would benefit 31,862 commuters in 2050.

Panama president Juan Carlos Varela said: "The funding granted today by Japan is a recognition of Panama’s credibility, stability, and strength.

"This great project will benefit hundreds of thousands of Panamanians that have to commute every day to the west side of Panama City, and will allow us to showcase Japanese technology to everyone in the region.

"This great project will benefit hundreds of thousands of Panamanians that have to commute every day to the west side of Panama City, and will allow us to showcase Japanese technology to everyone in the region."

Funding granted by the Japanese International Cooperation Agency (JICA) is a loan with soft financial terms and conditions. It has a 20-year term, which includes 14 years of amortisation, a six-year grace period, and three years for disbursement.

In addition to funding construction, the agreement will include non-refundable technical cooperation of up to $350,000, which will be used to hire a project manager. The project manager will support project implementation, oversee the preliminary design of Line 3, and help to develop conditions for the tender process.

In addition, the project manager will manage the overall execution, including the integration of the monorail system with the fourth bridge over the Panama Canal.

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology