Costa Rica: Questions Over The Chinese Company That Will Build HighwayThe Costa Rican government has signed a $395 million loan conditional on the award of a contract to a construction company that has been blacklisted by the World Bank.Tuesday, November 26, 2013
China Harbour Engineering Company (CHEC) will expand the stretch of 107 kilometers on the road to Limón, despite questions having been asked in four countries regarding fraud and bribery. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: $485 million for Controversial Road WorksFebruary 2015 Without having read the contract with the construction company and ignoring final costs, the Legislature has approved the loan with the Chinese government to finance the extension of the road to Limón. Controversial Chinese Projects in Costa RicaJuly 2014 The extension of the road to Limon and the construction of a refinery in Moin, both to be funded by the Chinese government, will be renegotiated by the Solis administration. Costa Rica: Deadline to Sign $395 million Chinese Loan ExtendedJune 2014 China Harbour Engineering Company has accepted a request by the Solis administration to extend the signing a loan to be used for the extension of the road going from San José to the Caribbean. Overpricing of Road Works in Costa RicaFebruary 2014 An opposition deputy claims that the financial offer made by China to widen the road to the Caribbean is overpriced by $165 million.
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