The funds will be invested over a period of five years and they will be designated for projects such as sewer and restoration work, among others, in order to promote tourism in the city.
Karina Alpízar Corella writes in Prensalibre.cr: "The Limón Port foresees 17 different components related to five large themes: supporting harbor modernization and rehabilitation of the railroad; revitalizing cultural heritage; basic service projects for construction of sanitation and drainage; local economic development; and institutional strengthening at the municipal level."
Despite the promise brought by the development of several projects in the next five years, in Costa Rica the province of Limon is not prepared for the challenges of such investments.
Starting with education and training of the workforce that will be required by the construction and operation of mega projects like the Moin Container Terminal (TCM by its initials in Spanish), there are a number of issues where the poorest province of Costa Rica has major deficiencies, but until now only a few advances have been made in the task of solving them.
Of the $80 million funding for the ‘Ciudad-Puerto‘ (Port City) project at Limon, Costa Rica, only 3.3% has been spent in the past three years.
The effect of the $80 million investment spent on public infrastructure such as sewers, street furniture, pedestrian crossings and flood controls, should be extraordinary in Limon, the port city of Costa Rica, which is characterized by its poverty and lack of opportunities for its inhabitants.
The World Bank has rejected a request made by the government for an extension to continue the project to modernize infrastructure in the port city project in Limon.
The International Bank for Reconstruction and Development (IBRD) at the World Bank decided to reject the extension request submitted in January 2014 by the Chinchilla administration to extend beyond May 31, 2014, the deadline for executing the works, a situation that the current government is trying to reverse.
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