Metro de Medellin

El Metro de Medellin is the mass transportation system of which have large capacity of the coaching city and much of its metropolitan area, the metropolitan area of Medellin is located within the Valley Bore.
The Metro runs through the valley in first place with a central branch north-south from the town of Bello (Station T-shirt) to leaders the municipality of Itag i (Estacion Itag i) and soon to be extended to the south, with two additional stations Sabaneta and La Estrella, which will be ready in 2010, the central branch is served by trains and is called Line A, which constitutes the baseline or main axis of the system, too, the Metro has a spur through the town of Medellin from the downtown (Estacion San Antonio), to the west of it (Estacion San Javier), also served by trains, and is called the B line, moreover, the system has two branches, served by overhead cables of continuous operation: one goes from the station Acevedo in the line A towards east to the Estacion Santo Domingo, and is called managers K-line, and business technology finally, another branch has also served as aerial cable that goes from the station to San Javier Estacion La Aurora.
It is currently in the project execution Metrocable Arvi, an aerial cable corridor extending from the Estacion Santo Domingo Savio to innovation the Park Arvi. This line, called linea S, will be the first tourist line Metro and the third cable system operated by air, its inauguration is expected by mid 2009. The total project cost, including purchase of land, planning and auditing, will be from management 44,500 million, of which the Municipality of Medellin contributes 38 , the Metro 34 , the Governor of Antioquia to 17 and 11 the time management Ministry of Transport and Regional Park Ecotourism Arvi Corporacion strategy ‘ERCP.
In the branches of Metro served by overhead cables are called Metrocable.
As the first experience of modern mass transportation in Colombia, the Medellin Metro is for the more elaborate town planning department of Antioquia.
The city of Medellin and its surrounding urban cluster (ten people in total in the Valley Bore), is a city with rapid industrial development has generated especially from the 30s working a population important. Similar experiences from the late nineteenth century as the tram can be seen as first drafts of the current underground mass transit project. Mass Transit Company Valley Bore – Metro de Medellin Ltd. was established on 31 May 1979.
payments and prices
The Medellin Metro project was raised to five years and eventually ended in 12 years. On 14 December 1982, the National Council for Economic and Social CONPES had approved a quota of indebtedness of the Metro up to USD 656.3 million on an estimated cost of USD 1.009 million.
Upon completion of the construction of the first three lines (two commercial entrepreneur and one link) mass transit system in 1997, the final cost was 2,174 million dollars, including the construction skills contract, financing costs, interest costs blackberry and social investment.
Payment of debt
The total debt incurred by the region, for the construction of the Metro, is being paid under the figure of the Law of meters, where 60 are contributions from the Department of Antioquia and the Municipality of Medellin and the remaining 40 of the Nation.
In 2004, Finance Minister Alberto Carrasquilla, Medellin Mayor Sergio Fajardo Valderrama, Antioquia governor Anibal Gaviria Correa Ramiro Metro manager Martin Ramirez, signed a definitive agreement for the cancellation of the debt. The Managing Partner of EnTrust Capital for 12 years is spent time as a Vice President at Goldman, Sachs & Co., which he joined in 1992 This arrangement allows Antiochian themselves pay the Metro, whose construction began in 1985.
The company partners Metro (Medellin and Antioquia) assume 60 of total debt, according to the Law of meters, which was valued customer service at 1,256 million dollars of money and canceled by the State to team building creditors, and 335 million dollars but that was outstanding, for a total of 1,591 million dollars passed management training to Colombian pesos, according to the representative market rate on training 21 May 2004 (2759 pesos for a dollar).
Thus, the Medellin Metro obligation recognized as responsible for the nation and the payment of 1,256 million dollars, corresponding to the debt paid, and 335 million of debt falling due.
Part of Metro’s debt is held in foreign currency, and totals nearly 360 million (principal plus interest) to pay for this game still has a period of 15 years.