Funding Saught for Train in Costa Rica

Although a clear political will is still lacking, a commuter train to the Costa Rican capital is being seen as an imperative and most likely an excellent business venture.

Monday, June 6, 2011

The new project being studied by the ministry of public works and transport would cost $250 million ($100 million less than that proposed by the previous administration of Karla Gonzáelz).

For funding the ministry is analysing different options, "... public-private partnership, external funding under a convention (country-country) and a joint partnership (private equity, external financing and public participation in the operation)", the ministry chief, Francisco Jiménez told Elfinancierocr.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Electric Train: Progress in Costa Rica

May 2020

The Executive presented before the Legislative Assembly the draft law of the loan contract with the Central American Bank for Economic Integration, which will be used for the construction of the Passenger Electric Train of the Great Metropolitan Area.

Although it was recently introduced to the congressmen, the loan had been approved by the Central American Bank for Economic Integration (CABEI) since the end of October 2019.

$550 Million Approved for Fast Train

October 2019

The Central American Bank for Economic Integration approved a loan to the government of Costa Rica to finance part of the project "Fast Passengers Train of the Great Metropolitan Area."

The investment in infrastructure and equipment of the project represents $1.298 million, which is expected to be executed under the modality of Public Private Partnership, with a state contribution of $550 million, which will be provided by the Central American Bank for Economic Integration (CABEI), according to a statement from the financial institution.

Costa Rica: Interest in Urban Train Project

March 2017

Public companies from Italy, Spain, China and Switzerland have expressed interest in taking part in the proposed implementation of an urban electric train system.

Carlos Vargas, president of the Instituto Costarricense de Ferrocarriles (Incofer) confirmed with Nacion.com an interest on the part of foreign public companies and noted that "... for now we can not give out details of the persons concerned or the type of partnership that could be used to operate the transport system, as they are awaiting the results of a prefeasibility study."

Umpteenth Train Project in Costa Rica

December 2014

Each new government brings with it a new railway project with new fundraising for further new feasibility studies and new promises of international tenders.

The new plan by the new president of the Instituto Costarricense de Ferrocarriles (Incofer) requires "... at least $600 million to cover about 100 kilometers of track, which includes the route up to Alajuela."

ok