Costa Rica approved a line of credit from the IDB for the rehabilitation of roads and improvements to the road infrastructure in cities and national routes.
The loans for $850 million authorized by the Inter-American Development Bank (BID acronym in Spanish) were approved by the Legislative Assembly of Costa Rica for financing of the Transportation Infrastructure Program.
The road ahead for the $850 million loan approved by IDB to carry out several infrastructure programs is not as clear as the Government would wish.
"President Arias left the country in debt in 1990 and we won’t allow him to do it again, at the time we (lawmakers) had to run to Washington and South America to borrow money to pay for the goals he had committed to," said Jorge Eduardo Sanchez, from the Social Christian Unity party.
IDB approved the loan for the repair of highways, bike paths, the airport in the southern zone of the country, and even for the Metropolitan Electric Train.
The Legislative Assembly will decide if the country accepts the loan or not.
President Oscar Arias called on lawmakers to vote in favor of the credit. "We respectfully asked the members of the Assembly to approve it as quickly as possible because we have waited many years to improve our infrastructure.