Costa Rica: Port Concession Not Under Political Threat

The Presidential candidate Luis Guillermo Solis has promised to respect the contract with the Dutch company APM for the construction of a new container dock at Moin.

Tuesday, March 4, 2014

The likely winner of the presidential election has backtracked on his campaign ads which stated he would "review the ports concession contracts."

During a meeting with members of the Costa Rican Coalition for Development Initiatives (Cinde), Luis Guillermo Solís, presidential candidate of the Citizen Action Party (PAC), said that a new government would respect the contract that was signed two years ago with the Dutch firm APM Terminals to build a new container dock in Moin, Limón, with an investment of $1 billion.

The presidential candidate said: "If we do not respect contracts, we will end up not respecting collective agreements, and that I think in the end that could endanger the peace of the country. We have to make an effort to accommodate each other to the principle of legality."

More on this topic

Caribbean Ports of Costa Rica On Strike

October 2014

Union members went on strike indefinitely in the port terminals of Moin and Limon, through which pass 80% of international trade by the country and the region.

Business leaders from various productive sectors reported losses caused by the strike, while managers of port administration are looking for alternative labour in order to restart the loading and unloading.

Contradictions in Costa Rica Over Mega Port Project

June 2014

Despite the new president having reaffirmed his government's commitment to the project at Moin to be run by the Dutch company APM Terminal, his own lawmakers are supporting the formation of a committee to re-analyze the concession contract.

While President Luis Guillermo Solis is touring the United States looking for investors and providing legal certainty to foreign companies, inside the country space is still being given to obviously bias obstructionism on the part of port official unions. Now it is the sphere of the Legislature where a petition will be filed in an attempt to halt the project.

Costa Rica threatened by Politics

March 2014

Lack of clear leadership, internal chaos in the main political parties and parliamentary fragmentation are threatening Costa Rica's business climate.

Contradictory statements over the legal certainty of the project for a mega container port in Moin ($1 billion), made by the very probable next president of Costa Rica, Luis Guillermo Solis, and the founder of his party (Citizen Action) and deputy chief of the legislative group, Otton Solis have generated understandable alarm in the business community.

Decision on Container Terminal in Limon Delayed

January 2011

The technical proposal by APM Terminals was accepted, while the financial terms, $246 per container, must still be approved.

The deadline the National Concession Council had to decide whether to accept or reject the proposal made by APM Terminals had expired on December 23. The analysis on the proposal is now expected to be finalized in January when a decision will be made.

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