A wind farm, street lighting, improvements in the airport's cargo terminal, a technology park and improvements in customs offices, are the five proposals which have been passed on for a further stage of analysis.
The five projects will be evaluated in a second instance to determine whether they are viable for development via public-private partnerships using funding from the Fomilenio II program.
The company managing San Jose International Airport will be issuing bonds in order to refinance bank debt assumed in the works to expand the terminal.
From a statement issued by Moody´s:
New York, September 18, 2015 -- Moody's Investors Service, ("Moody's") assigned a provisional rating of (P) Ba2 to Aeris Holdings Costa Rica S.A. de C.V.'s issuance of approximately US $127 million of senior notes ("Notes"). Proceeds will be used to refinance the outstanding loans consisting of roughly $89 million obtained in 2011 from Overseas Private Investment Corporation and Inter-American Development Bank, and $25 million of the IBSA Subordinated Loan (a loan from the shareholders).
The amendments made to the law on the trust to finance the expansion of the road from San Ramon to San Jose, limit sthe interest of potential trustees.
The Ministry of Public Works and Transport argues that the changes made to the original text raise questions for potential banks interested in setting up the trust, particularly because it does not include, among other things, the information necessary to determine the financial feasibility of the project. "...The practical effect of this gap in the law is that there is not the desired and necessary security required in the case that there is a need to go to the market to raise funds to finance the work. "
In Costa Rica four private banks and two state banks have expressed interest in becoming trustees of the $436 million trust fund for expanding the road from San Ramon to San Jose.
Public banks interested in becoming trustees of the project are the Bank of Costa Rica and Bancrédito, and the private banks are Scotiabank, Lafise, BCT and Improsa. Representatives from the Ministry of Public Works and Transportation (MOPT) announced that the next phase will establish the conditions and timetable for the tender to select the trustee.
The government is negotiating with the World Bank to obtain financing for the construction of new hospitals in Golfito, Turrialba and Cartago.
A World Bank (WB) mission will be visiting the country next week to negotiate technical aspects of the financing, however, because it is public debt, the loan must be approved by the Legislature. It is expected that between July and August the bill will be sent for discussion and approval.
Spain has confirmed a contribution of $52 million for the construction of the airport, but there is still $83 million left which the Honduran government is looking to raise through a public-private partnership.
From a statement issued by the Government of Honduras:
An announcement has been made that the government has selected Deutsche Bank and HSBC to structure and place on the international market an issuance of debt of up to $1 billion, scheduled for February 2014.
In order to take advantage of any "window of opportunity" that may present itself in the international market in terms of rate conditions and demand for the issue, the government of Costa Rica has accelerated the process and selected Deutsche Bank and HSBC to lead the process of placement of public debt worth up to $1 billion.
The Ministry of Finance has announced that the construction of Panama City's Metro Line 2 will be paid in tranches over a period of eight years from 2015 to 2022.
60% of the financing will be raised under the administration of President Juan Carlos Varela and 40% under the government administration to follow him. Between September 30 and October 3 the clarification meetings for companies interested in participating in the tender will be concluded.
The tender documents for the construction of Line 2 of the Metro in Panama requests the companies to include project financing as an option.
Once bids have been submitted by the companies concerned, the Panama Metro Secretariat and the Ministry of Finance will evaluate the proposed financing conditions in each offer, looking for "the best possible interest rate".
The Minister of Public Works and Transport is asking for an amendment to the existing legislation to allow a common trust to be structured to finance all road infrastructure works.
The minister of transport and public works intends for the bill being studied in the assembly, and which would fund the road from San Ramon to San Jose through the figure of trust, to be extended to all types of road works and not only that road, so that a single financing option would be used for the construction of all roads in the future.
The letter of credit issued by Citi to Globeleq Mesoamerica Energy is for the import of 25 turbines for the 50MW wind farm Orosi, to be built in Guanacaste.
The Spanish company Gamesa is the beneficiary of the letter of credit for the import and installation of 25 turbines in the wind farm being developed by Globeleq Mesoamerica Energy in the area of Quebrada Grande, near Liberia, Guanacaste.
The delay in the approval of the Chinese loan for the construction of the road to Limón suggests the need to consider other options.
The Government of China has set December 31 as the deadline to maintain the conditions of $395 million loan offered to build the road to Limon, but the Legislature could take up to April 30, 2014 to discuss it.
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