IDB invests in Ecuador metro line

09 December 2012

The Inter-American Development Bank (IDB) is to loan US$ 200 million for the construction of the First Line of the Quito Metro (PLMQ) in Ecuador.

The 23 km First Line will transport 360,000 passengers per day, an increase of +11% on current passenger figures, and is expected to shorten travel time across the city by 15 minutes.

The system will connect the ‘Y’ trolley line, the central BRT corridor and the Central Bank.

The PLMQ is scheduled for completion in 2016.

Latest News
Jury concludes that Caterpillar owes $100m to importer amid US lawsuit
A jury in the US has concluded that Caterpillar must pay $100 million to an importer, following a legal dispute between the two companies.
Kanamoto eyes North America move
Company aims to double overseas revenue in next six years
Smart Construction to unveil Edge 2 at Intermat
New launch ‘an advancement’ in simplifying drone surveying processes and point cloud data processing