Panama's metro authority has signed a US$1.45bn contract to build and operate Panama City's first metro line with consortium Linea 1, the presidential website reported.
The group, comprised of Spanish firm FCC and Brazil's Odebrecht, beat out a rival consortium including Italy's Impregilo, Astaldi and Ghella in October this year.
The 13.6km metro line will run from Los Andes district's San Miguelito neighborhood in the north of the city to the Albrook bus terminal in the south. Rolling stock will be provided by French firm Alstom.
A consortium formed of Spain's Transporte Metropolitano de Barcelona (TMB), Aguas y Estructuras and local firm Inelectra Servicios will provide consultancy and technical services for the project.
At the signing ceremony, President Ricardo Martinelli asked residents to patient with construction work, which is expected to take some 38 months to complete.