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| FCC backlog in Panama exceeds 1.4 billion euro  FCC Chairman, Baldomero Falcones, accompanied Spain's Infrastructure Minister, José Blanco, an official visit in Panama, where the company has a 1.4 billion euro backlog. Blanco received detailed information of the Panama Metro Line 1 project, on which FCC and Brazilian company Odebrecht construction commenced last week.The final goal is to modernise Panama City's transport system and broadly replace the bus system, whose fleet has been operating for over 40 years. This project is part of the Panamanian government's 2010-2014 Strategic Plan, which has a budget of 9.6 billion dollars (around 7.1 billion euro) for public works. FCC Chairman Baldomero Falcones gave Mr Blanco a detailed overview of the project, which is worth more than 1 billion euros; the line will be 14 kilometres long and include 11 stations, some above ground. In its initial phase, the metro line will have capacity for 15,000 people per hour each way, which will increase to 40,000 by 2035. Line 1 will run from north to south, linking the city centre with the suburbs in the east, which are lacking in public transport options at present. write your comments about the article :: © 2011 Construction News :: home page |