Guatemala: Tender for Road MaintenanceMonday, March 10, 2014 The contracts are for patching work, supervision, resurfacing of roads and main pathways, and bridge maintenance, among other things, on the national road network. The Ministry of Communications, Infrastructure and Housing (CIV) is inviting bids for 430 road maintenance projects, through the Road Maintenance Fund, in which about $100 million will be invested. El Salvador: Freight to Get More ExpensiveTuesday, November 29, 2016 The union of transporters has warned that if the increase in the fuel tax is approved, "the cost of transporting cargo to Guatemala will rise by $12.75." The bill proposed by the executive branch will raise to $0.37 the contribution used to finance the Road Maintenance Fund (FOVIAL), and transport companies say that if it is approved, the cost of freight to haul cargo in and out of the territory will rise. Road Works: Corruption Case OperativeMonday, June 14, 2021 In order to dismantle a network of apparent corruption that is accused of illegally obtaining contracts for road maintenance, authorities in Costa Rica conducted 57 raids that included homes, the Presidential House, the MOPT, the Conavi and the CTP. On the morning of June 14, 2021, about 700 agents of the Judicial Investigation Agency (OIJ) and the Public Prosecutor's Office (Fiscalía) raided 21 dwelling houses, Presidential House, Ministry of Public Works and Transport (MOPT), National Viability Council (Conavi) and Public Transport Council (CTP). No Suitable Bidders For Road Maintenance in Costa RicaFriday, March 12, 2010 Costa Rica could declare void a bidding process for 22 road maintenance contracts throughout the country. According to local newspaper La Prensa Libre, the law unit of Conavi (National Roads Council) and the Road Maintenance Directorate stated that none of the 12 bidding companies comply with all the requisites. Road Maintenance Works in few handsFriday, February 5, 2016 In keeping with tradition in Costa Rica, only three companies have been awarded contracts for routine road maintenance for 19 out of the 22 conservation areas, with contracts totalling $24 million. The three companies that were awarded the contracts are Anamarcala, with 13 contracts, Fresa Fresca, with two contracts in Guanacaste and Also Frutales, with four contracts. Costa Rica: Investment Funds for Public WorksThursday, March 10, 2016 A proposal has been made to extend the concept of real estate development funds to cover public and private projects for all types of infrastructure. If the reform to the General Regulations on Management Companies and Investment Funds is approved, any investment project, from building houses to hydroelectric stations, will be able to be financed and developed through a special investment fund, that fund which would be called the Fund for Investment Infrastructure Projects. Costa Rica: $ 500 Million in InfrastructureFriday, March 25, 2011 Projects include road construction at Bajos de Chilamate-Vuelta Kooper, widening of the Inter-American Highway, construction and rehabilitation of bridges as well as road maintenance. The President and the Minister of MOPT, Francisco Jimenez, announced an international tender for the widening of the Inter-American Highway at the section between Cañas and Liberia (50.6km) and a tender to build the new road from Bajos de Chilamate Bajos de Chilamate en Sarapiquí y Vuelta de Kooper en San Carlos (27 km)in Sarapiquí to Vuelta de Kooper in San Carlos (27 km), which will be vital in connecting the Northern area of the country with the Caribbean.
BUSINESS OPPORTUNITY
Tender for Road Works in Costa RicaFriday, September 18, 2020 The National Road Council is inviting tenders for the conservation work of the road infrastructure of the national paved network, with surface protection layers. Costa Rican Government Purchase 2020LN-000004-0006000001: Pension Fund Could Finance Public Works in Costa RicaThursday, November 27, 2014 Progress is being made for the approval of a bill to authorize the use of 40% of the Pension and Retirement Funds of the Magisterium, equivalent to $1,492 million, to finance public works projects. From a statement issued by the Board of Pensions of the National Magisterium: Costa Rica: 60% of Contracts Go To One Construction CompanyThursday, September 5, 2013 Most road maintenance contracts awarded by the National Roads Authority go to the company Hernán Solís. Semanariouniversidad.ucr.cr reports that "Of the 22 maintenance contracts given by Conavi around the country, this firm were awarded 13, ie 60% of all projects. In total the company has received maintenance contracts worth over $133.4 million. Costa Rica Sells $9 Million Carbon CertificatesWednesday, September 30, 2009 U.S. company Equator agreed to purchase $9 million worth of carbon certificates, which originate from the country's forest conservation. Equator specializes in commercialization of carbon credits, and renewable credits from reforestation and forest conservation. Tender: Road Maintenance for 4 yearsWednesday, July 22, 2015 The National Roads Authority of Costa Rica is putting out to tender road and bridge maintenance of the road network for a period of four years. Government Purchase 2014LN-000018-0CV00 Costa Rica Costa Rica: $450 million for Road and Port ConstructionTuesday, October 14, 2014 A loan has been approved by the Inter-American Development Bank and the Fund for Chinese Cofinancing to repair roads and build bridges in different parts of the country and carry out port works in the Pacific. Ministers approved, on its second reading, a loan which will finance the Transportation Infrastructure Program (PIT by its initials in Spanish), which will be used to repair roads and make other improvements to road infrastructure mainly in the northern and central Pacific parts of the country. Costa Rica: Experts in Sub Management of Public WorksWednesday, February 25, 2015 Of the $200 million from the IDB and which has been available since 2011 for municipal road infrastructure works, up until December 2014 only $29 million has been utilised. So far, only 14 projects have been completed, a further 43 have been awarded, 102 are in process and 134 are awaiting development. All municipalities can access funds from loans granted by the IDB, however, 10 cantons have not submitted any projects to tender. Pension Fund to Finance InfrastructureWednesday, April 13, 2016 Up to $372 million of the state pension scheme could be invested in public infrastructure projects in Costa Rica. Funding public works using Costa Rica's national savings funds saw a new and positive development in matters relating to the management of resources in the economy. The Board of Directors of the Costa Rican Department of Social Security approved a policy that allows allocation of up to $375 million of the reserves from the regime for Disability, Old Age and Death (IVM by its initials in Spanish) to be invested in public infrastructure projects, reported Nacion.com. |
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