CABEI and Korea to finance feasibility studies for Panama Metro's Line 5 rail network

The Central American Bank for Economic Integration (CABEI) is to execute a $630,000 non-reimbursable technical cooperation grant recently approved by South Korea to carry out studies to identify the feasibility of developing the Line 5 rail network on the Panama Subway.

The grant will strengthen the institutional capacity of Empresa Metro de Panama, the line operator, and will allow for the execution of activities such as the market demand analysis for Line 5, soil, hydrological, geological and geotechnical studies. Recommendations will also be issued on preliminary civil works designs, the selection of rolling stock technologies, passenger capacity, and Line 5 operations and maintenance, among others.