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.
Despite the new president having reaffirmed his government's commitment to the project at Moin to be run by the Dutch company APM Terminal, his own lawmakers are supporting the formation of a committee to re-analyze the concession contract.
While President Luis Guillermo Solis is touring the United States looking for investors and providing legal certainty to foreign companies, inside the country space is still being given to obviously bias obstructionism on the part of port official unions. Now it is the sphere of the Legislature where a petition will be filed in an attempt to halt the project.
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.
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.
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