The state will not pay a penny for a $600m cable car system planned in Ecuador’s capital, Quito (pictured), the country’s president has said.
Lenin Moreno made the announcement during a speech to commemorate the anniversary of the founding of Quito yesterday (13 December).
He was quoted by El Telégrafo as saying: "The Metroférico de Quito will be a reality next year and that demands from us better and more inclusive long-term solutions. The great news is that they will be financed entirely by the private company, without the state paying a single penny."
He said that work on the line, which would be the longest in the world, would begin within 14 months.
The Metroférico will be delivered in two phases. The first $320m phase will connect La Carolina Park in the central business district to the southeast suburb of Tumbaco.
The second $280m phase will extend the system from Tumbaco to Mariscal Sucre International Airport, located near the town of Tababela, about 18 km east of Quito.
The system will be the longest cable car in the world, and is expected to move 11,000 passengers a day, with each car being able to hold 38 riders. The total journey time between La Carolina Park and the airport will be 42 minutes, or an hour less than the time now.
The private operator’s concession will cover the development and maintenance of the cable car for an estimated 35 years.
Image: Quito: perfect terrain for cable cars (Diego Delso/CC BY-SA 4.1)