Opportunities in Road Infrastructure in Costa Rica?
The president-elect has announced that it is a priority of his government to overhaul the country's road infrastructure, which will require investments of over $10 billion.
Wednesday, April 9, 2014
Costa Rica has a back log of 20 years worth of work in implementing the necessary road infrastructure to support the country's development.
With a geography that requires a lot of bridges, there are far fewer than necessary, and those few bridges that do exist are old and too narrow and have not been maintained. The highways are not able to deal with the rapid growth in the number of cars on the road and do not meet the needs of productive sectors, causing loss of competitiveness with the region and the world. Urban transport in the metropolitan area around the capital San José is terrible, requiring urgent solutions in terms of public transport.
It is likely, and essential, that the incoming government led by Luis Guillermo Solís will dedicate itself to lifting the legal restrictions preventing the necessary flexibility in the realization of public works that are needed, as well as the elimination of institutional structures that have only shown ineptitude in carrying out their functions, such as the National Roads Authority. If this revision of the regulations which hinder management is accompanied with the necessary political will, in Costa Rica there will be space and opportunity for investment in road infrastructure worth many billions of dollars.
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The Nicaraguan government is planning the construction of roads and bridges nationwide.
CentralAmericaData's "Commercial Feasibility Studies" provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
In Costa Rica, authorities announced that work to widen a 46-kilometer stretch connecting the bridge over the Virilla River to the Sucio River, valued at $643 million and to be paid for with tolls over 30 years, is close to being approved.
In the first quarter of the year, 21 environmental impact studies were presented for projects of street rehabilitation, construction and expansion of highways in Central American countries.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
During 2018, 88 environmental impact studies were presented for projects to rehabilitate streets, build roads and bridges in Central American countries.
The interactive platform "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
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