Mayor Cabrera in Quito: Government reaffirms funding support to finish tram

Sep 22, 2017 | 0 comments

Cuenca Mayor Marcelo Cabrera reported Thursday that the federal government is still on-board to assist with funding for Cuenca’s tranvía. His comments came after he met with Ecuador Finance Minister Carlos de la Torre.

Negotiations continue for tranvía funding.

In addition, de la Torre said the government will participate in negotiations with electric companies Elecaustro and Centrosur to make arrangements to power the electric train system

During Thursday’s meeting, Caberea, de la Torre and other city and federal officials discussed the payment schedule for the final $21 million the city of Cuenca needs to complete the tram project. On Monday, the mayor announced that he had chosen the French ACTN Cuenca Tranvía Consortium to complete tram construction. He said the $43.8 million project contract will be signed in October with ACTN having 10 months to complete the work.

Cabrera also announced the city plans to ask the French government to extend the payment term on its loan for the tram project.

CuencaHighLife

Expat Community News

Dani News

Google ad

FAAN News

Hogar Esperanza News

Veronica Arpi News

The Cuenca Dispatch

Week of February 18

The Cuenca – Molleturo – El Empalme Road Remains Shut Down Due to Landslide.

Read more

Woman Escapes House Arrest in Cuenca While Under Police Surveillance.

Read more

Ecuador and Colombia Forge Agreement for Individual Prisoner Repatriation.

Read more

Google ad

Gypsy News

Fund Grace News

Subscribe to our newsletter

Cuenca High Life offers on-line publications, local translated news, and reports about the expat life and living in Ecuador. 

You have Successfully Subscribed!