The LPA Group Incorporated has won a US$364,000 engineering studies contract for the installation of traffic lights in Panama City, Arturo Gonzalez, engineer of the Panamanian transit and transportation authority (ATTT), told BNamericas.
The study will take seven months to complete and includes the design and identification of all related components, and the development of technical, operational, and administrative procedures for the execution of the plan in Panama City's metropolitan area. The study phase will be financed by a grant from the US Trade and Development Agency (TDA).
The traffic light study is part of a US$25mn project financed by the World Bank to be carried out under the Panamanian public works ministry, to then be handed to the ATTT, added Gonzalez.
The first phase will cover those intersections that urgently require safety upgrades. The second corresponds to the network itself, with its associated control center, and the third phase covers maintenance.
The project includes US$5mn in improvements to public transportation and US$10mn in improvement works to intersections, which should be finished by 2003.
ATTT has in its project portfolio the development of a "Public Transport Network" for the city, which would require investment of US$100mn-US$150mn.
Gonzalez said there are several alternatives for obtaining the necessary credits for this project. He said Brazilian and Colombian companies have shown an interest in financing th project.