ElPaiscr.com reported that "After being abandoned for more than two decades, the border posts with Nicaragua and Panama will be granted to private companies, although $40 million more are required to complete works before closing the deal. The announcement has been prepared for Wednesday by the Ministry of Foreign Trade, representatives of chambers of commerce, transportation and border municipalities. "

Government officials of the Presidency and the Ministry of Foreign Trade, stressed that "during the process work has been done losely with exporters, transporters, traders and other institutions involved and the authorities in order to build a work plan, which meets the actions required to make procedures more efficient, automate and streamline processes and improve the quality of the services associated with import and exports.

Source: elpais.cr

More on this topic

Tolls to be Charged at Costa Rica’s Borders

January 2013

As part of the border posts improvement plan, the Government is proposing a toll, charging $25 per export declaration and $5 per person.

The charge would be implemented at the border crossings at Peñas Blancas, Sixaola, Paso Canoas and Las Tablillas (Los Chiles).

Proceeds will be used to pay back the $80 million loan granted by the Inter-American Development Bank to finance the construction, equipping and improving processes at these border posts and to create a fund to maintain them. Some 4% would be paid to the municipalities where the crossings are located.

Loan of $80 Million for Border Posts

January 2013

The IDB has loaned Costa Rica $80 million to finance the construction, equipping, and improvement of the border crossings of Peñas Blancas, Paso Canoas, Sixaola and Las Tablillas.

According to a statement from the Foreign Trade Ministry (COMEX), the news was announced by the Minister of Foreign Trade, Anabel Gonzalez, on the morning of 9th January at a public event involving exporters, carriers and representatives of the institutions involved in this initiative.

Integrated Border Posts

May 2012

The Intra-regional trade sector is excited about a project to develop an Integrated Control Center at the border crossing between Panama and Costa Rica.

Panama and Costa Rica have agreed to develop a design for an Integrated Control Center (ICC) in the common border of Paso Canoas.

Unified Regional Trade Regulations

December 2010

This first unification of regulations will benefit the export sector of food and medicine industry.

The signing of the agreement to unify technical regulations will be held next Monday and will then be submitted for review to the countries of the World Trade Organization (WTO).