$1.3 billion Sought for Fast Train

The government of Costa Rica wants to develop the project with the help of a private partner, who would contribute $1.3 billion for construction, among other things, of the new railway, wiring, tunnels and monitoring systems.

Wednesday, June 13, 2018

The project to build a rapid train service connecting Alajuela to Cartago, and which would fix the transportation problem affecting the Greater Metropolitan Area, requires a total investment of close to $2 billion, of which $1.3 billion would have to be contributed by a private company, through means of a concession for both the construction and operation of the line.

Nacion.com reports that "... The pre-feasibility analysis establishes that an average fare per trip of $1.86 (¢1.047) would cover "a high percentage" of the value of the rolling stock, operating expenses, annual maintenance and facilities such as workshops and garages."

"... $1.3 million is the amount that, according to the pre-feasibility study, the fixed infrastructure will cost. On top of this, is the cost of rolling stock, operating and administrative expenses and annual maintenance. According to that report, prepared by LCR Logística S.A. for the Costa Rican Railway Institute (Instituto Costarricense de Ferrocarriles or Incofer), the trains require between $256 million and $288 million, depending on the system and routes chosen."

Other details of the project:

The estimated investment for the project is $1.6 billion (without financial costs or expropriations), including the construction of the minimum railroad infrastructure in the current right-of-way, construction of a new double railroad, electrification, traffic control systems, signaling systems, equipment and construction of new workshops and the acquisition of railway equipment for the provision of services.

The estimated cost of the project's physical infrastructure is $1.353 billion in US dollars at the rate of April 2016. The cost of the associated rolling stock is US $229.5 million at the 2016 rate, but in the year 2020, which is when the TRP would start its full operation, the cost of the rolling equipment will be US $256.5 million US dollars of the 2016 rate. In the case of option 2a, the annual administrative, maintenance and operating cost is US $12.24 million at the April 2016 rate. It does not include construction of possible real estate developments for commercial exploitation, which could eventually incorporate alternative sources of financing.

CentralAmericaData has information on the construction projects to be developed in Central America, with details such as estimated investment, times and phases of the project, supplies and equipment that will be required during and after construction, water treatment, and parking structure, among other things.

See more here: "A $1.6 billion Fast Train".

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