Panama will receive $ 262 million advance for Metro Line 3

marzo 28, 2016 11:22 am Publicado por 805 Comentarios

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The loan must have the endorsement of the General Comptroller of the Republic

Loan. An advance funding for technical and financial studies of the Metro Line 3 will receive the Panama International Cooperation Agency (JICA) for the sum of $ 262.102.448.23 This loan comes after last January 28 requested Panama to Japan reimbursable financing for 2,490.935.20.

This is the first of four to five loan agreements to be made for the payment of the total amount of financing of ‘Project Line 3 Urban Transportation Panama Metropolitan Area’.

Through approved by the Cabinet Council document authorizing Panama Metro S.A. to act as the executing agency of the loan agreement in order to perform the steps taken to proper execution.

The loan must have the endorsement of the Comptroller General of the Republic, in accordance with prevailing standards and practices for this type of transaction.

Source: www.elsiglo.com

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