$80 Million Approved for Ciudad Puerto Limón

The contract for the $80 million loan for the "Ciudad Puerto Limón" project, which represents a significant investment designated for infrastructure projects, was ratified.

Thursday, June 11, 2009

Al December 31st, 2016  

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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."

More on this topic

Costa Rica: New Setback for Limón Port City Project

June 2014

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.

$6 billion Coming in But Limon Still Sleeps

February 2013

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.

Inability to Manage Projects

December 2012

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.

Slow Implementation of “Limon City Port” Project

March 2011

The project for development of the area has a $ 72.5 million World Bank Loan and is significantly behind on its implementation.

Until today of the 18 components which make up the project, only 7 of them are current with all requirements.

The lack of progress in implementing the schedule leads to non-disbursement of the funds.

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