A Chinese loan will help fund Costa Rica’s work

Plans are in hand to upgrade the highway linking Costa Rica’s capital San Jose with Limon, with a project that will be carried out in several phases. The work involves widening and improving Route 32 so that it can carry higher traffic volumes and reduce congestion as well as cutting journey times for drivers. Rebuilding the link is expected to cost in the order of US$435 million and the project is also expected to improve safety standards for users of the highway. The work is being partly financed through
January 21, 2013 Read time: 1 min
Plans are in hand to upgrade the highway linking Costa Rica’s capital San Jose with Limon, with a project that will be carried out in several phases. The work involves widening and improving Route 32 so that it can carry higher traffic volumes and reduce congestion as well as cutting journey times for drivers. Rebuilding the link is expected to cost in the order of US$435 million and the project is also expected to improve safety standards for users of the highway. The work is being partly financed through a loan worth $400 million being provided by Chinese lenders.

Related Content

  • India’s massive plans for highway development
    February 10, 2016
    The Indian Government has set out plans to award highway projects worth at least US$8.84 billion during the next fiscal year. These projects will be offered under the hybrid annuity model, according to a report in the Economic Times. KPMG has stated that some 21 projects for a total of 1,500km and worth close to a third of that sum will be granted by the Indian Government in the current fiscal year.
    Read More
  • India highway planning
    May 10, 2016
    The Indian Government has set out plans to award highway projects worth at least US$8.84 billion during the next fiscal year. These projects will be offered under the hybrid annuity model, according to a report in the Economic Times. KPMG has stated that some 21 projects for a total of 1,500km and worth close to a third of that sum will be granted by the Indian Government in the current fiscal year. India’s Ministry of Road Transport and Highways has sought budgetary support from the Ministry of Finance an
    Read More
  • Uganda road projects funding sought
    February 6, 2017
    The Ugandan Government has unveiled plans to improve its road connections with its northern neighbour South Sudan. To fund the construction project, the Ugandan Government has been seeking a loan worth US$210 million from the Islamic Development Bank (IDB). The terms of the loan arrangements have yet to be revealed however. The aim of the project is to improve the road link running through Rwekunye, Apac, Lira and Acholibur. Better transport links form part of a much wider programme of integration between E
    Read More
  • New routes planned in and around Russian cities
    January 5, 2022
    New routes are being planned in and around Russia’s two biggest cities.
    Read More

Highlighted Content