The General Comptroller of Costa Rica partially approved the $20.7 million trust fund for the San José-San Ramón road corridor.
In a document published on the General Comptroller website on October 10th of this year, it was reported that the approval is given to the trust fund for this road work that consists of the modernization of a 60 kilometer stretch of road between San Jose and San Ramon.
In Costa Rica, six out of eight banks are opposed to the possibility of lending the $35 million required to finance technical studies for a new highway between San José and San Ramón.
Nacion.com reports that "... Since November 29, the Bank of Costa Rica, administrator of the trust for the highway, knocked on the doors of Banco Nacional, BAC San José, Davivienda, Banco Internacional de Costa Rica (BICSA), the Banco Interamericano de Desarrollo (BID) and Instituto Nacional de Seguros (INS) to raise the money. However, those institutions rejected the request for different reasons."
The state insurer could be willing to invest up to $500 million in road construction projects that already have their pre-design and studies ready.
The offer by Instituto Nacional de Seguros (INS) applies only for projects designated as "mature", that is to say, those that already have all the approved permits and pre-designs.The problem with this requirement, according to the executive director of the Federated College of Engineers and Architects (CFIA), is that planning problems faced by Conavi and the Ministry of Public Works make it impossible to meet this requirement."..."Unfortunately, it's not the way the Ministry of Public Works and Transportation (MOPT) and Conavi have been working," Vargas said."
The National Assembly approved the $29 million loan to finance the construction of a 12 kilometer road between El Crucero and the old road to Leon.
From a statement issued by from the National Assembly:
The construction of a 12 kilometer stretch of road which will improve the interconnection between El Crucero and the Old road to Leon road will be possible after the unanimous approval this March 21 of a Loan Decree, presented by the Presidency of the Republic to partially finance the implementation of the Road Improvement Project El Boquete - Santa Ana.
Using a loan from the World Bank two access roads to the capital will be built and 46 km of rural roads will be paved.
A statement issued by the World Bank says that "... The Rural and Urban Access Improvement Project proposes the expansion and construction of new roads and the rehabilitation and maintenance of existing ones. "
"... The project includes the construction and expansion of two trunk highways with access to the capital, which will help reduce traffic congestion in an area where a large share of the country’s international transport takes place. "
With a loan from CABEI renovation of the John Paul II runway and the construction of overpasses will be partially financed.
From a statement issued by the Central American Bank for Economic Integration (BCIE):
Tegucigalpa January 30, 2017.-The Board of the Central American Bank for Economic Integration (CABEI) approved a loan of US $105.4 million to the Republic of Nicaragua for the partial financing of "Project for Renovation of the John Paul II Runway and Construction of Overpasses."
With IDB financing the highway connecting San Pedro Sula to Tegucigalpa and the road that connects to Puerto Cortés, will be extended.
From a statement issued by the Inter-American Development Bank:
Honduras will improve two major road corridors, increasing lanes and renovating several sections with the help of a loan of US $75 million from the Inter - American Development Bank (IDB).
With a BCIE loan approved by the National Assembly, roads connecting the departments of Managua, Boaco, Chontales and Granada will be improved.
From a statement from the National Assembly of Nicaragua:
The National Assembly unanimously approved the Decree on a Loan to improve the road sections: Malacatoya - Victoria de Julio and Malacatoya- El Palo - El Papayal. The road infrastructurefinanced by the Central American Bank for Economic Integration (BCIE) will connect the departments of Managua, Boaco, Chontales and Granada.
The Ortega administration has announced that using financing from the CABEI a 52 kilometer hydraulic concrete highway will be built from Laguna de Perlas and Kukra Hill, in the Caribbean.
According to the Ministry of Transport and Infrastructure, the loan from the Central American Bank for Economic Integration (BCIE) will be for $65 million and will be used for construction of the road.
Through a trust with a state insurer $35 million will be used to finance the construction of a major road link in the east of the Greater Metropolitan Area.
The stretch of road between Hacienda Vieja, Curridabat, and the Garantías Sociales roundabout in Zapote, will be developed using a trust, explained Carlos Villanta, Minister of Public Works and Transportation, adding that"...
The IDB is providing $40 million in financing for construction of power substations in the north and $90 million for renovation of roads in Jinotega and Chontales.
From a statement issued by the National Assembly of Nicaragua:
$40 million for electrical substations
A $40 million loan signed with the Interamerican Development Bank (IDB) was approved on February 16 by the plenary, which will be used to fund the construction of three new substations.
The Ministry of Public Works does not know how to finance the 2.8 kilometers access road that has to build as part of the agreement with the concessionaire APM Terminals, in charge of the construction of the mega port in Moin.
Ministry officials admit they do not have any funds defined or know which company will build the four-lane road that will connect Route 32 to the entrance of the container terminal to be built by APM Terminals in Moin.
With an international loan the government plans to expand two sections of the road to Puerto La Libertad and build two bridges in the border areas of La Hachadura and Anguiatú.
From a statement issued by the Government of El Salvador:
El Salvador and Mexico sign agreement to develop strategic highway infrastructure with funds from Yucatan-BCIE
The governments of El Salvador and Mexico today signed a loan agreement for the development of strategic road infrastructure using Yucatan-BCIE funds for the expansion of the road to Puerto La Libertad, sections I and II, and the construction of bridges on the borders of La Hachadura and Anguiatú, both bordering Guatemala.
The government has signed a concession agreement with the company Autopistas del Atlántico SA to build a road measuring 105 kilometers with four lanes in the departments of Cortés, Yoro and Atlantis.
The project contract was awarded in concession to the company Autopistas del Atlántico SA, a consortium formed between the Honduran company Prodecon and the business group Grodco from Colombia.
The National Assembly has approved a loan from the Central American Bank for Economic Integration for hydraulic cement paving of 45 kms of the stretch passing through La Gateada- Naciones Unidas - Bluefields.
From a statement issued by the National Assembly of Nicaragua:
The National Assembly unanimously approved on January 27, a Loan Decree to finance the Road Connectivity Project on the Caribbean coast, which will be implemented by the Ministry of Transportation and Infrastructure.