Costa Rica: Road Projects Stopped for Lack of Funds

©image: Guillermo

These projects are the highway to Heredia, the new road to San Carlos, the link between Bajos de Chilamate-Vuelta Kooper, concluding the northern Ring Road (Circunvalación) and enlarging the Florencio del Castillo Highway.

Francisco Jiménez, Public Works and Transportation Minister remarked: “all these projects have defined work schedules. They are even split into priorities for assigning the resources. For example, the $850 million from the Inter American Development Bank were split into IDB1, IDB2 and IDB3”, reported newspaper La Prensa Libre.

Source: prensalibre.co.cr

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Costa Rica: $ 500 Million in Infrastructure

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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.

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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.

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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.

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The Legislative approved a loan from the Andean Development Corporation (CAF) to build a road that will link the Caribbean with the country’s north.

The money will be administered by the Costa Rican Public Works Ministry, and will be used to develop the highway project, known as “Bajos de Chilamate – Vuelta Kooper”.