Additional Funding Arrives for Metro de Quito

Additional Funding Arrives for Metro de Quito :European Investment Bank (EIB) Vice President Román Escolano and Ecuador’sFinanceMinister Fausto Eduardo Herrera Nicolalde signed a 44 million USD loan on 14 November 2016 to provide additional funds for the country’s first metro line in the capital, Quito.
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An initial EIB loan of USD 259 million allowed work on Phase 1 to begin in 2013. The project is now in Phase 2 and the 22.5 km long Line 1 from Quitumbe to El Labrador is scheduled to open in 2019.

Spain’s Acciona Infrastructure and Brazil’s Construtora Norberto Odebrecht were awarded the contract to build Phase 2 in October 2015.

Line 1 will run from the Quitumbe bus terminal in the south of the city to El Labrador station in the north, built on the site of an old airport. Stations will be located at: Quitumbe, Morán Valverde, Solanda, El Calzado, El Recreo, La Magdalena, San Francisco, La Alameda, El Ejido, Universidad Central, La Pradera, La Carolina, Iñaquito, Jipijapa and El Labrador. Acciona has already completed the civil works for the stations of La Magdalena and El Labrador in Phase 1.
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Metro de Quito is expected to bring the following benefits to the city:

*Notable improvements in the quality of life
*Significant savings of staff time and improved productivity
*Commuting across the city in just 34 minutes
*Cost savings by reducing carbon fuel imports
*Improvements in public health by reducing traffic accident rates and environmental pollution
*Urban development around the project
* Urban integration of the city’s periphery
* Development of a new civic culture and a positive attitude towards the quality of public services
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The EIB loan will finance the construction of 15 stations and a workshop, as well as the purchase of 18 trains. Construcciones y Auxiliar de Ferrocarriles (CAF) has been awarded the contract to supply 18 6-car trains.

Quito is the second most populated city in the country with approximately 2.5 million inhabitants.

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Writer: John Carlo Ottaviani

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