The limitations of the state budget to address infrastructure projects require the assistance of private capital, and the securitization trust model is being adopted by Costa Rican public institutions to finance these works.
There are 11 projects in various stages of the formation process of securitization trusts in various sectors such as energy, telecommunications, health, and education.
The article by Stephen Ramírez Castro in Elfinancierocr.com stated that "behind the Costa Rican Electricity Institute (ICE) - a pioneer in the use of this mechanism, entities such as the Ministry of Finance, the Costa Rican Social Security Fund and the University of Costa Rica, among others, are lining up. The collection of all the business plans that doing the due diligence required to activate the mechanism, sum over $2 billion in investments, to be implemented over the next five years. "
The new regulations for the operation of public work trusts contains provisions which make the process too cumbersome.
Meanwhile, only in Banco Nacional (BN) and Costa Rica (BCR), projects which are held up due to approval for funding through trusts reaches $ 2,760 million. The projects being held up are construction of public works.