Metro de Bogotá Company signs start of works for $3,591 mn first line

The Colombian Empresa Metro de Bogotá (EMB) signed on Tuesday the act of beginning of works for the first line of the metro system for $ 3,591 million. The construction project of the first line was awarded in October last year to the Apca Transmimetro consortium, led by the Chinese companies Harbor Engineering Company Ltd. and Xi’an Metro Co. Ltd, which from now on will begin work in different areas. The Inter-American Development Bank, the World Bank and the European Investment Bank have committed resources for more than $1,500 million to finance the work in which the city of Bogotá will contribute 30% of the resources and the National Government the remaining 70%.

Source: Reuters