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.

More on this topic

Feasibility Study for Light Rail

December 2011

For the third time in the last 8 years a feasibility study has been done for the development of rail links within the Greater Metropolitan Area of Costa Rica's capital.

Funding for this study now comes from a donation of $800 thousand from the Spanish state run company Ferrocarriles de Vía Estrecha (FEVE), which in recent years has worked with railroad equipment currently in use by the Costa Rican Institute of Railways (Incofer).

Costa Rica Invites Bids for Urban Train

October 2009

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.

$100 Million Slated for Costa Rica´s Airport Canceled

February 2009

J. P. Morgan Bank revoked its $100 million financing proposal for the pending expansion projects at the Juan Santamaría Airport.

The loan had been offered to the new managing agent of Costa Rica´s international airport, Houston Airport System Development Corporation, and they were in the thick of the financing process.

Costa Rica concessions Liberia airport to Houston Airport

October 2008

Houston Airport, the administrator of the Juan Santamaria airport, was granted the concession for the expansion of the Liberia airport.

The expansion project for the Daniel Oduber airport in Liberia, Guanacaste, will require an initial investment of $35 million to construct an area of 22949 square meters and will concessioned for 20 years, indicated Karla Gonzalez, Minister of Public Works and Transport.

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