Costa Rica: $450 million for Road and Port Construction

A loan has been approved by the Inter-American Development Bank and the Fund for Chinese Cofinancing to repair roads and build bridges in different parts of the country and carry out port works in the Pacific.

Tuesday, October 14, 2014

Ministers approved, on its second reading, a loan which will finance the Transportation Infrastructure Program (PIT by its initials in Spanish), which will be used to repair roads and make other improvements to road infrastructure mainly in the northern and central Pacific parts of the country.

Gerardo Vargas Rojas told that "... It will finance, among other projects, the three terminals of the Gulf of Nicoya Ferry, the Caldera Breakwater, the expansion to four lanes of the Canyon-Limonal road and the asphalting of the Playa Naranjo-Paquera road, all these areas have been abandoned. "

Congressman Javier Cambronero Arguedas, added that "... From this proposed improvement to the road network there will be a positive impact in the provinces, especially in depressed areas, such as the peninsula and the northern border with Nicaragua. "

More on this topic

Costa Rica Approves $450 Million for Road Works

March 2015

The Legislature has approved a special budget for road renovation works, road widening, construction of overpasses and breakwater at berths.

From a statement issued by the Legislative Assembly of Costa Rica:

With 44 votes in favor lawmakers approved on its second reading record 19464, modification No.

Costa Rica: $450 million for Logistics Infrastructure

November 2013

Authorities are negotiating a loan to finance road repairs up to the border of Peñas Blancas and Paso Canoas, and works on the Pacific ports.

The Inter-American Development Bank (IDB) will lend $400 million and the remaining $50 million will be contributed by the Chinese Cofinancing Fund (FCC) .

Costa Rica: Road Projects Stopped for Lack of Funds

May 2010

Several infrastructure projects cannot be started until the Legislative Assembly approves a $850 million loan from the IDB and a $52 million one from CAF.

These projects are the highway to Heredia, the new road to San Carlos, the link between Bajos de Chilamate-Vuelta Kooper, concluding the northern Ring Road (Circunvalación) and enlarging the Florencio del Castillo Highway.

$850 Million For Roads and Highways

June 2009

Costa Rica approved a line of credit from the IDB for the rehabilitation of roads and improvements to the road infrastructure in cities and national routes.

The loans for $850 million authorized by the Inter-American Development Bank (BID acronym in Spanish) were approved by the Legislative Assembly of Costa Rica for financing of the Transportation Infrastructure Program.

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