Common Contracts

Ex-Ante Evaluation

September 28th, 2016

• Filed
  September 28th, 2016

The Panama City Metropolitan Area has a population of approximately 1.7 million people (as of 2010), which constitutes about half of the total population of the Republic of Panama. The metropolitan area has lagged behind in the development of urban transportation systems. Neither city nor intercity buses satisfy the demands for urban transportation. Moreover, with a high economic growth rate in Latin America, Panama is facing a rise in the private vehicle ownership rate as well as a constant increase in the use of private automobiles for commuting. Meanwhile, residential areas are being expanded in the outskirts of the metropolitan area due to the escalation of land prices in the metropolitan center. This situation, as well as the increase of the number of private vehicles, has caused serious traffic congestion on roads between the metropolitan center and residential suburbs, especially during the morning and evening rush hours, paralyzing the functions of the city.