$250 Million Wanted for Road Works

The Costa Rican government plans to apply to the CABEI for a loan to finance maintenance work on 500 bridges of the national road network and other works.

Tuesday, March 19, 2019

The loan that the Ministry of Public Works and Transport (MOPT) will apply to the Central American Bank for Economic Integration (CABEI) would be ready in May, and would be under the direct financing modality.

You may be interested in "Central America: $270 Million in Road Projects"

Rodolfo Méndez, MOPT, explained to Nacion.com that "... it is a $250 million credit, of which $140 million would be taken to support the national road network bridges that a study by the Technological Institute of Costa Rica (Tec) identifies with problems. Another $70 million will be used to complete the Circumvallation highway and the remaining $40 million to promote other works."

The article adds that "... According to the Tec report, the more than 500 bridges mentioned by the minister represent 34% of the structures on national roads. Many are minor bridges, no more than 30 meters long. Among the deficient bridges, 115 are in San José. This is the case of the structures on the Agres River, in Escazú; on the Tiribí River, in Hatillo; on the Torres River, in Sabanilla, and the pass over the María Aguilar River, in Zapote."

Among the works to be financed with the remaining $40 million of the credit include the expansion to four lanes of the road that goes from the factory Pozuelo to downtown Heredia, and the construction of a part of the radial to Desamparados.

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