Sole Tender of $800 million for Limón´s New Port

The concession for the construction and operation will be offered by means of a sole process, and not fragmented as was speculated.

Monday, February 16, 2009

The idea of a process with several bidders had been supported by business unions such as the Chamber of Exporters of Costa Rica. This decision by the Costa Rican government goes against that idea, for which Minister Karla González had requested that businesspersons reflect on the theme to achieve a consensus on the issue.

The government is studying the renewal of the current installations by means of a separated tender of $84 million, but not via a concession format, but rather as an administrative hiring.

The article in Elfinancierocr.com, penned by Mario Bermúdez Vives, indicates that the Executive President of Japdeva Francisco Jiménez said that, "The process of the concession placard is at 90%, after having received the environmental feasibility by Setena." and that, "... in the next two weeks they expect to receive the rate structure of Aresep, which would permit having a speedy mechanism to revise the prices."



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42 Companies Interested in Limón Tender

May 2009

The main question from investors is whether concession of the new port in the Costa Rican Caribbean includes the existing facilities.

The Costa Rican government´s response to this issue is that the processes are independent. The future of the existing facilities depends on the JAPDEVA union coming to an agreement with the government over the amount and nature of worker compensation, which has not yet been reached.

Costa Rica: Concession of Limón Port Begins

April 2009

The cartel for the concession of the expansion of the Costa Rican Caribbean Port, with a reference amount of $812 million, was approved.

The Minister of Transport and Public Works of Costa Rica, Karla González, announced that the cartel for the tender of the Limón port project was approved, and it is expected to be published in the official newspaper in the coming days, giving bidders three months to submit their proposals.

10 companies interested in ports on Costa Rica's Caribbean coast

January 2009

Companies that are interested in the current ports at Limon and Moin and the construction of a new terminal will participate in the first meeting with governmental authorities.

Mipunto.com reports: "Port operators from the United States, China, France, Taiwan, Colombia, Panama, and Chile registered for the first meeting with Costa Rican authorities, regarding an $800 million modernization plan needs to be completed before the termination of the Panama Canal expansion in 2014.

Process for concession of ports in Costa Rica begins

January 2009

This week the Government will hold meetings with operators that are interested in the concessions, in order to evaluate the feasibility of the model.

Elfinancierocr.com reports: "Several aspects must be cleared up in order to established the official proposal:

Feasibility: To verify whether the proposed model is attractive, given the change in international financial conditions.

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