South Korean consortium to build Panama Metro Line 3

Metro de Panama has announced that the bid of South Korean HPH Joint Venture Consortium achieved the highest score for the metro Line 3 in the western part of the city.
The consortium, comprising Hyundai Engineering & Construction – Posco – Hyundai Engineering, submitted an offer which obtained a total score of 893 points, of which 403 points for the technical proposal and 490 points for the economic proposal.
The consortium submitted a USD 2,507 million offer, above the base price of the project, valuated at USD 2.39 billion.
After the contract will be signed, the winner will have to complete the project within 54 months, which covers the design, construction of civil works and auxiliary facilities of the line and stations, including the rolling stock and commissioning of the system.
ACPC Línea 3 consortium, comprising Acciona Construcción and Power Construction Corporation of China, received 842 points, with 382 points for technical proposal and 460 for the economic proposals. The consortium offer had a value of USD 2,518 million.
The China Railway Group Limited consortium did not reach the minimum technical evaluation score of 375 points and its bid is considered risky because the technical conditions may lead to fail the objective of the contract, Panama Metro company says. The Chinese consortium submitted a USD 2,456 million offer but is was disqualified.
Within the tender procedure, a member of the FCC-CICSA-SKEC Line 3 Consortium breached the minimum mandatory financial requirement of the liquidity ratio, which lead to disqualification.
The technical and economic proposals had a maximum score of 510 and 490, respectively.
In 2018, Panama Metro signed an agreement with Hitachi, Ansaldo STS and Mitsubishi for the supply of signalling systems, telecommunication systems and power systems as well as the delivery of 28 six-car trains.
Panama metro Line 3 envisages the construction of a 25-km line and 14 stations, offering transport links in the western suburbs, from Albrook to Ciudad del Futuro. The monorail line will be operated by six-car trains. 45 minutes is the estimated travel time on the line, which will have a capacity for 20,000 passengers per hour per direction.

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