The Ministry of Housing plans to invest $60 million in the construction of two vertical residential projects in San José and Cartago, aimed at families living in conditions of poverty.
One of the projects will be located in Tres Rios, Cartago, and involves the construction of 13 towers, each three storeys high, with 156 apartments of between 43 and 45 square meters each. The towers will be built, according to officials from the Ministry of Housing in an area measuring 60 thousand square meters, where there is currently a settlement inhabited by the families who will occupy the towers. Nacion.com reports that "...Las Brisas, in Dulce Nombre de La Union, will get an investment of ¢3.5 billion from Banco Hipotecario de la Vivienda (Banhvi), with the management by the Costa Rica-Canada Foundation. "
The Canadian ambassador to Costa Rica has warned of the damage to the country's international reputation if the project is cancelled.
Neil Reeder, Canadian ambassador, indicated that his government can vouch for the environmental responsibility of Canadian mining companies. Despite the project being financed by the private sector, the Canadian government maintains a close interest in the project, he added.
Six years after having signed a free trade agreement with Costa Rica, Canada continues to show strong interest in increasing commercial ties.
The demand for products such as pineapple, bananas, organic products and flowers has been growing in Canada.
The Canadian supermarket chain Loblaws is one of the companies interested in introducing a broader range of Costa Rican products into its stores.
Constructora Celaque is a leader when it comes to construction of civil projects and mining in Honduras with more than 15 years of experience.
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