World Bank Approves $205 Million Loan For Quito Metro System
The World Bank, through the International Bank for Reconstruction and Development, this week approved a $205 million loan for Ecuador to aid in financing the construction of an ambitious metro project for the city of Quito.
The planned urban transportation system will be Ecuador’s first subway line and will cost an estimated $1.5 billion to build. About $1 billion of the project budget will be used for civil construction works, with the remainder going to equipment and operating systems.
The Metro will carry an estimated 400,000 passengers per day in this city of 2.4 million inhabitants. The current transport system moves about 270,000 people every day. Construction has already started on the project, and the system should be operational by mid-2016.
The Quito Metro Line will have 15 stations, running across town from Quitumbe, located in southern Quito, to El Labrador, in northern Quito. The average cost per ride will be 50 cents. The Quitumbe-Labrador line will cover an area of 15 miles, with its 15 stations located approximately one mile apart from one another. The entire trip will take an estimated 34 minutes.
The 23-kilometer Quito Metro will be also financed by loans from the European Bank for Reconstruction and Development, the Andean Development Corporation and the Inter-American Development Bank.
Construction of Quito Metro Line will take place in two phases. Phase one will comprise the multimodal stations at La Magdalena and El Labrador, currently under construction. Under phase two, bids are being solicited for the construction of a depot and maintenance workshops, and for a depot access tunnel, 22 kilometers of subway line tunnel, the remaining 13 stations, shafts and an end-of-line facility. This phase also includes installation systems, with 11 sub-projects comprising fire protection systems, elevators and escalators, ventilation, electrical substations, power distribution system, signaling system, electrification, fare collection and control system, station control system, and communication system.
The aim is to improve urban transit in the city of Quito in response to the increasing demand for public transportation. The project will reduce travel times, lower the operating costs of the transportation network and improve the connectivity, safety and convenience of the existing system.