The government will have to pay $35 million to the company OAS for breach of contract in the award of the construction of the road from San Ramon to San José.
The payment will be made in March 2014 with funding from the National Concessions Council and the budget allocated to that entity for the coming year, said Roberto Gallardo, Minister of Planning and member of the National Council of Concessions.
In Costa Rica half of the municipalities do not have a master plan that establishes conditions for urbanization.
Currently the Ministry of National Planning and Economic Policy (Mideplan) has approved six projects to develop these plans in the municipalities of Montes Oro, Poás, Pérez Zeledón, Siquirres, Orotina and Naranjo. Others such as Desamparados, Hojancha, Coto Brus and Grecia are under study.
While this year the country planned to use 1.4% of GDP on infrastructure investment, El Salvador plans to use 3.1% and Panama 10.8%.
"Of all the countries in the isthmus Costa Rica uses the least amount of government spending as a percentage of gross domestic product (GDP), for investment in infrastructure, according to a study on debt sustainability in Central America, presented by the Central American Institute for Fiscal Studies (Icefi) " reported Nacion.com.
The government intends to give priority to a new bridge on the main road linking the capital with the Juan Santamaria Airport, to be built by the current contractor for the expansion of that road.
Edwin Rodriguez, technical secretary of the National Concessions Council (CNC in Spanish), said they are in the process of negotiating with the concessionaire of the 59 km highway, the Brazilian OAS, in order to give priority to the construction of the bridge.
This form of funding appears to be the most feasible for large public infrastructure works.
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.
Various government authorities are promoting three different system in efforts that seem to be heading in conflicting directions.
The drive to become the platform for directing all public purchases is increasing.
There is now the possibility that the purchasing system of the ICE (Costa RicaInstitute of Electricity) will become the base for ordering public acquisitions and evolve to the electronic phase, which is already being disputed by CompraRed and Crcompr@s.
DICCOC is a consulting and accredited inspection (ECA OI-016) company, with vast experience in the field. Since 2008 has inspection contracts with the state costarricense.
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