Costa Rica and its Below Par Enactment of Public Works

Of the $1592 million in loans for road infrastructure granted up to September this year, the Ministry of Public Works has only used 33%.

Tuesday, November 1, 2016

The $1592 million correspond to, says, "... loans for $60 million for roads and cantonal bridges, $390 million for the expansion to four lanes of Route 32 between the crossing towards Rio Frio and Limon, $340 million for routes between Canas-Barranca and Paquera -Playa Naranjo and $450 million for the Northern Beltway, the´platina´and Saprissa bridges, among other things."

The most serious aspect is that "...Most of these buildings have not been started since they have got bogged down in tender processes, expropriations or permit applications."

"... In October last year, Marta Acosta, General Comptroller of Republic, criticized the slowness with which the MOPT has managed loans and said that management is [bad enough] "to make you angry"."

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Costa Rica: $91 Million More for Road Works

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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.

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Alternative Financing for Road in Costa Rica

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The delay in the approval of the Chinese loan for the construction of the road to Limón suggests the need to consider other options.

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The Ministry of Public Works (MOPT in Spanish) has announced the construction of a new four lane bridge alongside the old bridge, which has structural problems, on one of the most important routes in the country.

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