Port Limón Just Became More Expensive: $950 Million

Company Royal Haskonig conducted a study which calculated the actual cost of building and operating the new port on the Costa Rican Caribbean coast.

Thursday, May 20, 2010

Back in 2004, authorities had set a reference price of $812 million. Haskonig’s figure is 17% higher.

Allan Hidalgo, executive president of Japdeva, the port authority for Limón, told BNAmericas that the study also “raised the expected return on investment from 15% to 17%, and calculated the cost of handling one container at $252, up from $169. These variations make for a more attractive project”.

Hidalgo commented that they expect to invite bids on May 31st. The first call to bids, on April 2009, was pushed back due to a series of corrections.

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