Quito says subway construction will not stop after entering into payment agreement – La República CE

The Municipality of Quito badured that there will be no halt in the construction of the metro, announced today by the Line 1 consortium from Metro de Quito (CL1MdQ), after arriving The Municipality affirms in a press release that it has reached an agreement with the consortium, headed by the Spanish company Acciona, and with the Ministry of The Economy and Finance, which is considering a payment schedule for the payment of amounts due.

previous invoices and the normalization of the future payment flow.

" The agreement helps to ensure that there will be no announced stoppage of the tunnel boring machine Luz de América – which was in maintenance -, or in one of the 73 working fronts "said the letter

The consortium responsible for the construction of phase II of the city metro had announced today the stop of one s works before the " late payments repeated by the Municipality of Quito ", and presented a total bill of 63 million of & # 39; 39, arrears.

Therefore, said to have plans to stop further work of the project, the most important undertaking by the Ecuadorian capital, if the debt was not satisfied

The municipality acknowledged that late payments had occurred in recent months, but added that the delays are not attributable to the municipal They respect the time required to process the credits required and approved to complete the subway financing.

He also noted that the total project financing is guaranteed and that the Inter-American Development Bank has recently approved a loan of $ 250 million, which has not yet been approved by the Credit Committee of the World Bank. National Government.

He also badured that the Development Bank of Latin America-CAF, and should approve a loan of 152.2 million and finally the World Bank (IBRD) will grant another loan of 230 million dollars, money that would make disappear the budget required by the project.

In this sense, the mayor lamented the Attitude taken by the Spanish consortium which, surprisingly and without notice, announced to the media the suspension of the activity of a tunnel boring machine, despite the fact that he constantly receives information on the status of disbursements coming out of the tunnel boring machine. Municipality "

And she guarantees that she has fulfilled "in a precise and punctual way its obligations" and will continue to do so "to ensure that the project continues to move forward optimally, as has been the case up to now". EFE

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