Overpricing of Road Works in Costa RicaAn opposition deputy claims that the financial offer made by China to widen the road to the Caribbean is overpriced by $165 million.Thursday, February 20, 2014
Manrique Oviedo, from the Citizen Action Party complained that the financial proposal for the extension of Route 32 is overpriced by $165 million relative to what it would actually takes to carry out the enlargement. The legislature requested that the Government renegotiate the loan granted by China for expanding the highway between San José and Limón. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Controversial Chinese Projects in Costa RicaJuly 2014 The extension of the road to Limon and the construction of a refinery in Moin, both to be funded by the Chinese government, will be renegotiated by the Solis administration. Costa Rica: Deadline to Sign $395 million Chinese Loan ExtendedJune 2014 China Harbour Engineering Company has accepted a request by the Solis administration to extend the signing a loan to be used for the extension of the road going from San José to the Caribbean. Costa Rica Renegotiates Chinese Loan for $395 millionJune 2014 The loan signed by the previous government is tied to a contract for the construction of 105 kilometers of road which was pre awarded to China's CHEC. Costa Rica: Questions Over The Chinese Company That Will Build HighwayNovember 2013 The Costa Rican government has signed a $395 million loan conditional on the award of a contract to a construction company that has been blacklisted by the World Bank.
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