42 Companies Interested in Limón Tender

The main question from investors is whether concession of the new port in the Costa Rican Caribbean includes the existing facilities.

Thursday, May 28, 2009

The Costa Rican government´s response to this issue is that the processes are independent. The future of the existing facilities depends on the JAPDEVA union coming to an agreement with the government over the amount and nature of worker compensation, which has not yet been reached. Yesterday, the union again rejected another government proposal totaling $137 million in compensation.

The article by Mario Bermúdez Vives in Elfinanciero, noted that Francisco Jiménez, JAPDEVA CEO, said that "the activity has already sent a positive signal, [stressing] the interest of operators in participating in this concession despite the fact that the issue of the existing facilities has not been resolved, but we still hope to reach an agreement with the union."

More on this topic

Union Twists Government’s Arm

May 2011

The government of Costa Rica has put on hold "indefinitely" the process for the concession of the ports of Limon and Moin.

Caught between the demands of port efficiency by the productive sectors and the real power of the union, the Chinchilla administration has back tracked on its intention to grant concessions to private companies for the modernization and operation of the ports of Limon and Moin, and now intends to invest about $70 million to make sure that this essential modernization takes place, while keeping both terminals under the management of the Port Management Board of the Atlantic (JAPDEVA).

Costa Rica: Agreement With Port Union Still Unresolved

August 2009

Meanwhile, the terms for Limón's port bidding process should have been published on August 21st.

Francisco Jiménez is the Executive President of Japdeva, the organization negotiating with the government and the worker's Union the private concession of the port. He said: "We are going to keep pressing for an agreement.

Future of Limón Port Area Unclear

May 2009

The new Costa Rican government's proposal was rejected by the union, whose consent must be obtained for the concession of services to third parties.

The collective agreement that governs the relationship between Limón Port employees and JAPDEVA, the entity manager, has the force of law. Therefore, any project to hire third parties to perform tasks at the port must be formally approved by the union.

Costa Rica: Concession of Limón Port Begins

April 2009

The cartel for the concession of the expansion of the Costa Rican Caribbean Port, with a reference amount of $812 million, was approved.

The Minister of Transport and Public Works of Costa Rica, Karla González, announced that the cartel for the tender of the Limón port project was approved, and it is expected to be published in the official newspaper in the coming days, giving bidders three months to submit their proposals.

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