China sets condition over funding of Cota Rica’s 70km Limon road

China is reported to be willing to fund the construction of the Limon road in Costa Rica, on the condition that a Chinese company is responsible for the key infrastructure project. It is understood that China would grant a 20-year loan of US$ 400 million, with a low interest rate, if their condition is met. The Congress of Costa Rica is expected to decide on the matter in November 2012. The Limon road project involves the expansion from two to four lanes of the 70km road from Rio Frio to Limon, and the dev
September 27, 2012 Read time: 1 min
China is reported to be willing to fund the construction of the Limon road in Costa Rica, on the condition that a Chinese company is responsible for the key infrastructure project.

It is understood that China would grant a 20-year loan of US$ 400 million, with a low interest rate, if their condition is met. The Congress of Costa Rica is expected to decide on the matter in November 2012.

The Limon road project involves the expansion from two to four lanes of the 70km road from Rio Frio to Limon, and the development of flyovers, pedestrian bridges, and cycle lanes. It is expected to be carried out over the next two to three years.

Related Content

  • Road widening project to go ahead in Costa Rica
    November 2, 2018
    An important road widening project is to go ahead in Costa Rica, part of a wider plan to upgrade the important Highway 1 route between Canas and Barranca. This contract will see the improvement of the 25km road connecting San Gerardo de Chomes and Barrancas, with work due to start in early 2019. The project is costing US$103.4 million and the package of works was awarded to the Chinese contractor, Power Construction Corporation of China. The contract is one of three to upgrade the 70km stretch of the import
    Read More
  • Costa Rica highway project on track
    December 10, 2014
    Construction of the Interamericana Norte highway in Costa Rica is said to be proceeding on track. Work is being carried out on the 50km Canas-Liberia section of the project. The Ministry of Public Works and Transport (MOPT) says that studies for the Canas-Limonal stretch of the new highway have been completed. The studies will then have to be submitted before the country's road authority Conavi to commence the tender process. A contract is expected to be granted by the middle of 2015. Funding could be provi
    Read More
  • China funding road work in Nepal
    April 26, 2012
    China is helping provide funding for Nepal's road expansion. The Chinese Government has agreed a deal with the Nepalese Government to expand the Kathmandu Valley ring road. The feasibility study for the project has been completed and design work is currently underway.
    Read More
  • Costa Rica road projects moving forward - slowly
    July 18, 2017
    Costa Rica is moving ahead with a series of major road projects, but progress is proving slower than anticipated or desired. The Costa Rica Government is struggling to achieve satisfactory progress with its overall road improvement programme. So far the key focus has been on maintaining existing links rather than building and improving road connections. The country’s National Laboratory for Structural Material and Models (Lanamme) has produced a report revealing that 85% of the national roads are in accepta
    Read More

Highlighted Content