The planned investment in the metropolitan electric train project (TREM) would be about $ 1,100 million over the first eight years.
"Within a decade the population grew at an average of 15% while the number of vehicles doubled...The government wants to encourage the train," stated to Elfinancierocr.com Carlos Contreras from the Ministry's Division of Transportation.
An announcement has been made to implement an electronic payment system on buses circulating in the capital.
The Ministry of Public Works and Transport (MOPT), the Regulatory Authority for Public Services (ARESEP) and the Central Bank of Costa Rica (BCCR) signed an agreement for the implementation of an electronic payment system on buses circulating the capital.
For the third time in the last 8 years a feasibility study has been done for the development of rail links within the Greater Metropolitan Area of Costa Rica's capital.
Funding for this study now comes from a donation of $800 thousand from the Spanish state run company Ferrocarriles de Vía Estrecha (FEVE), which in recent years has worked with railroad equipment currently in use by the Costa Rican Institute of Railways (Incofer).
The government is due to present its Transportation Master Plan soon.
In a press conference, the president, Laura Chincilla, disclosed that part of the plan is to review the inter-urban bus project (known as “Interlíneas”). This project struggled under the previous government.
The proceedings of the concession continue, but President Arias doubts about its convenience.
While the Ministry of Public Infrastructure continues to work in the draft for the 11 interested companies that would conform a cartel, President Arias is searching for finance among local banks in order to avoid the concession of the Metropolitan Electric Train, and use those resources for the "reactivation of the ferroviarian national system".
Receive more news about Transportation
Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.
Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water, power. Great Location, close to everything Ideal area for living or developing an ecologically...