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

  • A new highway contract for Costa Rica
    March 5, 2020
    An addition to a new highway contract is planned for Costa Rica.
    Read More
  • Costa Rica capital bypass
    February 26, 2021
    Costa Rica’s capital bypass is close to completion.
    Read More
  • China sets condition over funding of Cota Rica’s 70km Limon road
    September 27, 2012
    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
    Read More
  • Costa Rica: Conavi gets more time and funds for road maintenance
    October 26, 2015
    Costa Rica’s road agency Conavi has extended the deadline and increase funds by $154 million for road repair and maintenance contracts. Contracts will be extended for the companies involved which include Constructora Meco, Grupo Orosi, Quebradores del Sur, Constructora Hernan Solis and Conansa. The Treasury Inspector's Office made the announcement, according to El Pais newspaper. Meanwhile, four banks are considering an investment in the 60km San Jose-San Ramon Road Expansion Project. They include
    Read More

Highlighted Content