Ansaldo STS, a joint−venture between Hitachi Rail Systems and Mitsubishi Corporation, has signed a Memorandum of Understanding with Metro de Panamá (MPSA) for the installation of a monorail on the planned Line 3 for Panama Metro. Panama’s cabinet has authorized the signing of an agreement worth over US$840mn.
The prime contractor for the project, including the civil works portions, will be selected by MPSA, and the subcontractor contract will be signed by the prime contractor and the companies.
Hitachi will provide 28 six-car trains. Signaling systems, telecommunication systems and power systems will be delivered by Ansaldo STS. Mitsubishi Corporation will be in charge of commercial affairs.
The Japan International Cooperation Agency will provide yen-loan to support the improvement of urban transportation systems and efforts to combat climate change, which will be allocated to civil works projects and the procurement of the monorail system.