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

  • Costa Rica road repairs required
    October 25, 2018
    More road repairs are required in Costa Rica to improve the national network. A new report from Costa Rica’s Treasury Inspector's Office (CGR) criticises the country’s national road authority, Consejo Nacional de Vialidad (Conavi), for carrying out inadequate road maintenance and conservation works. According to CGR, road maintenance works carried out by Conavi scored just 64%. On a more positive note, the report said that around 77% of Costa Rica’s roads are 'in good functional and structural' condition.
    Read More
  • Loans will help fund Kazakhstan road project
    May 16, 2013
    The International Bank for Reconstruction and Development (IBRD) is providing an infrastructure loan that will help fund a key road project in Kazakhstan. A major portion of this funding will be used to construct a key 79.5km portion of the new international transit corridor connecting Western Europe with Western China. The US$1.07 billion funding package is being provided by the IBRD for 19 years with a five-year grace period and the deal was agreed between the IBRD and the Kazakhstan Government. Further
    Read More
  • Loan to boost key Nepal road works
    May 29, 2023
    A loan will boost works on a key Nepal road.
    Read More
  • Russia’s most expensive road project to commence
    January 15, 2019
    Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts. As part of the project, the Russian Government, together with private investors, plans to
    Read More

Highlighted Content