An opposition deputy claims that the financial offer made by China to widen the road to the Caribbean is overpriced by $165 million.
Manrique Oviedo, from the Citizen Action Party complained that the financial proposal for the extension of Route 32 is overpriced by $165 million relative to what it would actually takes to carry out the enlargement. The legislature requested that the Government renegotiate the loan granted by China for expanding the highway between San José and Limón.
Spanish, Chinese and Costa Rican companies submitted bids for the expansion to four lanes of a 1.7 kilometer stretch of urban road.
The National Roads Authority (Conavi) received six bids for the proposed expansion and renovation of National Route 3, located from the intersection of the factory in Pozuelo Uruca to Jardines del Recuerdo at the Valencia de Heredia.
The IDB has approved $91.5 million to support the transport sector and other investments in road infrastructure.
The loan from the Inter-American Development Bank (IDB) will be used in the implementation of a third support program for the Nicaraguan transport sector, for the period 2014-18.
Businessmen hope this will boost construction activity over the next five years, as 2013 will close with growth of 10%, well below the 32% achieved in 2012.
The Inter-American Development Bank has granted a loan of $91.5 million to improve 150 kilometers of roads.
A press release from Inter-American Development Bank (IDB) reads:
Nicaragua will improve the efficiency and safety of its road transport system and promote regional integration using a loan of $91.5 million approved by the Inter-American Development Bank (IDB).
With an investment of between $20 and $25 million, the Ministry of Public Works is putting out to tender the widening of the stretch of road going from Pozuelo Factory up to the Funeraria Jardines del Recuerdo.
According to Pedro Castro, chief of Public Works and Transport (MOPT), the tender is ready, they're just waiting on resolving an environmental issue and if there are no setbacks the project will be published next week in the La Gaceta.
In Costa Rica the Brazilian company OAS has six months to find someone to pay more than $500 million for a project that has been opposed by 90% of the population.
According to Edwin Rodriguez, technical secretary of the National Concessions Council (CNC), the Brazilian company OAS is negotiating with international banks for the resources to fund the project.
A $200 million IDB loan will provide support for the execution of 162 transportation infrastructure projects, of which 75 are ready to be auctioned.
The projects are currently in the final phase of requirements for bids to be submitted and correspond to 55 Costa Rican municipalities and seven municipal councils. Within the works required in this first phase are paving works, asphalting, and works on gutters and bridge construction.
The Salvadoran Congress has authorized loan applications of up to $30 million for the Rural Connectivity Programme in the North and East of the country.
The amount will be managed by the Ministry of Finance and will be signed with the OPEN Fund for International Development (OFID), and the Inter-American Development Bank (IDB), reported DiarioCoLatino.com.
The IADB has objected to the methodology used to award the works for the expansion of the Interamerican North highway to the Spanish consortium FCC.
The Inter-American Development Bank (IDB), which is funding the expansion works, objected to the methodology used to analyze the reasonableness of prices, saying it violates the loan agreement approved by Congress.
Costa Rica’s National Roads Authority has awarded a road extension concession worth $94 million to the Spanish consortium.
FCC's offer was the best received of the eleven bids submitted, said Carlos Acosta, director of CONAVI.
The work is to be completed within two years, and it involves the expansion to four lanes of 50 kilometers of the Interamericana Norte, between Cañas and Liberia.
The Costa Rican Legislative Assembly has approved a $200 million loan for road infrastructure.
The Inter-American Development Bank (IDB) loan, is part of a loan package of $850 million, which will be disbursed in installments.
"These resources, which are exclusively for matters relating to road infrastructure, will be used for a second tranche of cantonal road development in a number of towns and roads that have already been established, the projects will be monitored by a unit of the Ministry of Public Works and Transportation", published Prensalibre.cr.
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.
A stretch of 180 km will be repaired in the “agricultural corridor,” a highway the unites Tegucigalpa with Puerto Castilla on the Atlantic Coast.
The Inter-American Development Bank (BID, acronym in Spanish) approved a line of credit in the amount of US$50 million for the project, which will improve conditions for the transportation of cargo and people by reducing operating costs and travel times.
The 23-kilometer highway between Aracato and Chalatenango will require an investment of $8.9 million. This construction project is slated to be the next project put out to bid by MOP.
The Department of Public Works (MOP) has $40 million in loans from the $60 million that the World Bank and the Inter-American Development Bank (BID) lent to El Salvador.
Options are being explored for concession of the work on the expansion and maintenance of the highway with funding from the IDB, Desafío del Milenio Corporation and the BCIE.
The Concession for the Northern highway, which is currently being expanded, would include the maintenance and operation of this route, horizontal and vertical signposting, sign painting, ditch cleaning, preventive maintenance and patching."