European Investment Bank (EIB) Vice President Román Escolano and Ecuador’sFinanceMinister Fausto Eduardo Herrera Nicolalde signed a USD 44 million loan to provide additional funds for the country’s first metro line in the capital, Quito.
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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