Costa Rica: $91 Million More for Road Works

CABEI and the Costa Rican authorities have signed a contract to extend the "Strategic Road Infrastructure Works Program" for a further $91 million, which finances, among other works, the construction of the Northern Beltway.

Tuesday, November 17, 2020

The Central American Bank for Economic Integration (BCIE) informed that the $91 million addendum, in addition to the $340 million of the Program, will allow the construction of the Northern Beltway Functional Unit V which maintains a cost of $70.5 million, as well as the reinforcement and modernization of the bridge over the Virilla River on National Route 32.

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The Northern Beltway in San José is made up of five functional units that make up 5.4 kilometers of track over highly trafficked locations. As of August this year, the Functional Unit (UF) I was 40% complete, the UF IIA 14%, the UF IIB 95%, the UF III 87% and the UF IV 87%, while the UF V, which will be financed with this credit extension, awaits its order of commencement for the next few months, according to the press release dated November 16, 2020.

Rodolfo Méndez Mata, Minister of the Ministry of Public Works and Transportation (MOPT), said that "... we are fulfilling our commitment to secure the resources that will allow us to conclude National Route 39. Thanks to the support of CABEI, we have the money to develop the only section of the Northern Beltway that remains to be started and that, when built, will connect the entire peripheral ring that surrounds the capital city."

The report states that "... the CABEI Strategic Road Infrastructure Works Program is made up of several works of great national importance. Some of them have already been executed and enabled for their use, such as the overpass of the Garantias Sociales, the bridges over the Virilla River on Route 1, Route 32 and Route 147, as well as the definitive access to the Container Terminal of Moin in Limon; while others are being executed such as the Northern Beltway and the Guadalupe overpass."

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