Costa Rica: $345 million for Metropolitan Train Project

There are six companies interested in the 35-year concession of the Metropolitan Electric Train (TREM).

Wednesday, March 25, 2009

The project would involve the construction and operation of an electric train. The first section would be between San Jose and Heredia. The total investment is $345 million of which the state will provide $100 million and the remainder would be the responsibility of the concessionaire which will have 35 years to recover the investment.

An article in nacion.com indicated that the Ministry of Transport and Public Works has six international companies interested in the project, "Alston (France), CAF (Spain), Inekon Group Corporation (Czech Republic) and Siemens (Germany), Bombardier (Canada) and Golden Source International Economic (China.) "

The ministry said it expects to award the project in 2010 and the first tranche could operate in 2013.

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More on this topic

Doubts arise regarding concession of the train in Costa Rica

October 2009

The proceedings of the concession continue, but President Arias doubts about its convenience.

While the Ministry of Public Infrastructure continues to work in the draft for the 11 interested companies that would conform a cartel, President Arias is searching for finance among local banks in order to avoid the concession of the Metropolitan Electric Train, and use those resources for the "reactivation of the ferroviarian national system".

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The urban electric train, a $345 million project, would be awarded in 2010.

A draft bid tender was presented by the National Concessions Council. 11 companies have shown interest in constructing and operating the train for 35 years.

"From the eleven candidates, six stand out for their previous experience developing train systems: CAF (Spain), Alston (France), Inekon Group (Czech Republic), Bombardier (Canada), Siemens (Germany) and Daebon Engineering - Hyundai Rotem (South Korea)", reports Nacion.com.

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