World's longest cable car to be developed in Ecuador through PPP

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
World's longest cable car to be developed in Ecuador through PPP

The President of Ecuador has announced plans to develop a new cable car system in Quito, the capital city, through a public-private partnership (PPP).

The so-called "Metroférico de Quito" will be delivered in two phases. The first phase will connect La Carolina Park, located in the centre of the city's central business district, to Tumbaco, a suburb to the south-east of the city centre, via seven stops. The estimated total investment is US$320 million.

The second phase will extend the cable car to Mariscal Sucre International Airport, located near the town of Tababela, about 18 km east of Quito. The three-stop extension is estimated to cost US$280 million.

The system will be the longest cable car in the world, transporting a projected 11,000 passengers a day. The total journey time between La Carolina Park and the airport will be 42 minutes.

This represents over an hour time saving on the current journey using public transport. The system is also forecast to save 70,000 tons of carbon dioxide emissions every year.

The government plans to launch the tender for the project next year, aiming to begin construction in the second half of 2020. The PPP will cover the development and maintenance of the cable car for an estimated 35 years.

List of country news

Country news

  • November 21, 2018

    DP World secures US$377 million financing for port PPP in Ecuador

    DP World and its subsidiary DP World Posorja S.A. have secured approximately US$377 million project financing for a new deepwater multi-purpose port terminal to be located south-west of Guayaquil, Ecuador.

    Read more
  • October 10, 2018

    Tender for US$1 billion road PPP launched in Ecuador

    The Government of Ecuador's Ministry of Transport and Public Works has launched a tender for the design, financing, construction, operation and maintenance of the Guayaquil Southern Viaduct. The total estimated investment of the project is US$1.14 billion.

    Read more
  • August 08, 2018

    Ecuador launches tender for two highway PPPs

    Ecuador's Ministry of Transport and Public Works has opened the expression of interest process to qualify national and international bidders for the development of the Santo Domingo - Quevedo and the Quevedo - Babahoyo - Jujan highways under PPP model. 

    Read more
  • July 12, 2018

    Corporación América Airports to invest additional US$32 million in Guayaquil Airport concession

    Corporación América Airports S.A. has announced today that its 50.0% owned subsidiary Terminal Aeroportuaria de Guayaquil S.A. (TAGSA), which operates and maintains the Guayaquil Airport in the city of Guayaquil, Ecuador, has amended its concession agreement.

    Read more
  • May 23, 2018

    First road PPP in Ecuador signed

    Representatives of the government of Ecuador and the company Verdú have signed the concession contract for the Guayaquil-Santa Elena road corridor PPP project.

     

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.