Panama expands Infrastructure – with a cable car

The government wants to boost the country’s economy significantly in the coming years and is therefore planning major investments.

According to the Panamanian government, three infrastructure projects should all begin construction in 2020. The plans here are for two motorway projects and an urban cable car. Also, in Panama, additional infrastructure measures are not excluded.

To support these projects financially, as with previous measures, an appeal is being made to the IFC (International Finance Corporation). This international development bank has already provided subsidies (over 700 million US dollars) to support more than Thirty infrastructure projects in Panama.

The planned urban cable car, which is being called Metrocable, should run over the district of San Miguelito in the north of Panama City and for a length of around eight kilometres.

It will cross the six communities of Belisario Frias, Arnulfo Arias, Belisario Porras, Mateo Iturralde, Victoriano Lorenzo and Amelia Denis de Icaza.

The planned system is intended to offer a better connection from existing underground lines 1 and 2 to the public transport and thus significantly improve the transport provision.

Moreover, the planned cable car would significantly reduce journey times between underground stations. The distance of the stations from one another and the high volume of traffic in the city make

it necessary to plan plenty of extra time. If the cable-drawn transport is implemented, an average time saving of twenty-two minutes is therefore expected.

Seven stations are planned, which will be built in the most densely populated areas of the communities. Metrocable is intended to be an efficient inner-city connection, which will both shorten walking distances and reduce traffic. Tendering for the project ended last year, although it is not yet clear whether the government has already awarded the project or when construction work is due to begin.

An investment volume of 120 million US dollars (109 million euros) is earmarked for the cable car project.