Quito Ecuador to begin subway construction second half of 2012

The journey will take 34 minutes from Quitumbe, in the south to the Labrador, near the present airport in the north of the city, which will be the two terminal stations of the system, which hopes to move to 400 thousand people per day in a city that exceeded one million 600 thousand inhabitants, supports migration from the rest of the country, has a rapid growth in buildings and vehicle fleet makes its way to collapse. The work, which will begin in the second half of this year and be completed in 2016, require an investment of 1,400 million dollars. Half of those funds will provide the central government, while the rest will take care of the city “with three loans funded Development Bank, European Investment Bank and the Andean Development Corporation,” said Edgar Jacome manager Metro Business Unit of Quito, according to agency dispatch Andes. Read Article