Costa Rica looking for company in Asia to invest in a megaport in Limon

President Arias will travel to Singapore with the hope of attracting investment for several sectors, especially for investment in the port.

Friday, November 21, 2008

The approach to Asian countries has become a priority for the Costa Rican president.

A government mission, which will include the president of the Republic, Oscar Arias, will visit Singapore from December 1 to 5 with the purpose of attracting investment for areas such as technology, ports, education and tourism.

More on this topic

More Obstacles for New Port in Limon

September 2015

The pit that was supposed to provide filling for the works of APM Terminals complies with environmental standards but its permission was denied after being unable to prove ownership of the land.

Lemon Stone, one of the owners of Tajo La Asunción announced it will sue the State of Costa Rica for $400 million for having banned the exploitation of the quarry to supply material to Van Oord Bam, the constructor of the new container terminal in Moin with whom it has a $350 million contract to supply 7 million tons of stone.

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.

Fresh Resources for Puerto Limon

October 2012

Two separate packages of $30 and $40 million will allow for the modernization of outdated equipment and facilities at Costa Rica’s main port. reports that the $30 million package "is intended for the purchase of a Portal Crane, two tugs, container stackers (reach stalkers) and a pilot ship.

Future of Limón Port Area Unclear

May 2009

The new Costa Rican government's proposal was rejected by the union, whose consent must be obtained for the concession of services to third parties.

The collective agreement that governs the relationship between Limón Port employees and JAPDEVA, the entity manager, has the force of law. Therefore, any project to hire third parties to perform tasks at the port must be formally approved by the union.

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