$ 140 Million for Highway in Costa Rica

The Financial Affairs Legislative Committee approved the inclusion of $ 140 million in additional funding to complete the San José - San Carlos highway.

Thursday, October 28, 2010

Elpais.cr reported that $ 7.5 million will come from the National Highway Council (CONAVI) and the remaining funds will be provided by the Central American Bank for Economic Integration (BCIE).

The highway, which has been in planning stage for 40 years, will improve connection between the capital and the north of the country, characterized by crop and livestock production.

More on this topic

Financing Sought for Questioned Road Project

April 2013

In Costa Rica the Brazilian company OAS has six months to find someone to pay more than $500 million for a project that has been opposed by 90% of the population.

According to Edwin Rodriguez, technical secretary of the National Concessions Council (CNC), the Brazilian company OAS is negotiating with international banks for the resources to fund the project.

Costa Rica: $340 million for Road Infrastructure

September 2011

The BCIE has approved $340 million loan to the National Highway Council (CONAVI) in Costa Rica to boost its program ‘Strategic Highway Infrastructure Works’.

A press release of the Central American Bank for Economic Integration (BCIE) reads:

The Central American Bank for Economic Integration (BCIE) has approved a $340 million loan to the National Highway Council (CONAVI) in Costa Rica to boost the ‘Strategic Highway Infrastructure Works’ program'.

$850 Million For Roads and Highways

June 2009

Costa Rica approved a line of credit from the IDB for the rehabilitation of roads and improvements to the road infrastructure in cities and national routes.

The loans for $850 million authorized by the Inter-American Development Bank (BID acronym in Spanish) were approved by the Legislative Assembly of Costa Rica for financing of the Transportation Infrastructure Program.

Road Infrastructure Boosted by $170 million from the BCIE

February 2009

The MOPT of Costa Rica and the BCIE agreed to renew the credit line used in projects developed by the National Council of Highway Administration.

In an article by Leticia Vindas in Elfinanciero.com, she explains the distinct projects for expansion, renovation and maintenance of peripheral roads that will be executed with money from the loan.

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