$80 Million Trust for Hospital Construction

Costa Rica's state-owned bank "Banco Nacional" put in place a trust to build the critical care area of the Children's Hospital.

Thursday, April 7, 2011

Authorities are working on the technical specifications of the new complex, known as "Torre de la Esperanza", and expect to have them ready by June. After this, they will invite companies to bid on designing the blueprints of the facility.

"This will require between six and eight months, after that we will invite bids for the construction", stated Luis Gamboa, head of the Association for the Children's Hospital. "Construction is expected to start on 2012 and end in 2014".

More on this topic

Trusts Still Stuck in Costa Rica

January 2011

The new regulations for the operation of public work trusts contains provisions which make the process too cumbersome.

Meanwhile, only in Banco Nacional (BN) and Costa Rica (BCR), projects which are held up due to approval for funding through trusts reaches $ 2,760 million. The projects being held up are construction of public works.

Public Investment Securitization in Costa Rica

October 2010

Institutional investors will have the opportunity to diversify portfolios so far composed of government paper.

Investing in public securities will give pension funds operators better returns for their clients, since these projects typically offer additional profits.

Regulations on public investment securities, for projects over $ 3,600 million, expect to assist in funding such projects.

El Salvador: Boom in Securitizations

November 2011

Risking future income rather than tangible assets is a good choice for investment financing, using working capital or debt restructuring.

Securitization of future income is an instrument used for the first time by the Liceo Frances on El Salvador’s Stock Exchange.

The organization placed its bonds on the market and raised capital to expand its educational facilities.

Securitization Trusts

May 2009

This form of funding appears to be the most feasible for large public infrastructure works.

The limitations of the state budget to address infrastructure projects require the assistance of private capital, and the securitization trust model is being adopted by Costa Rican public institutions to finance these works.

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