Costa Rica agrees new road deals

Loans worth US$200 million from the Inter-American Development Bank (IADB) will be used in Costa Rica for road projects.
February 15, 2012 Read time: 1 min
Loans worth US$200 million from the 2791 Inter-American Development Bank (IADB) will be used in Costa Rica for road projects. This has been approved by Costa Rica's Government. A full list of the road projects requiring investment has yet to be published. Meanwhile, the go-ahead has been given for a new road to San Carlos. This project will include work on the Sifon-Ciudad Quesada section. This contract has been granted by the national road council, 2538 Conavi, and construction company 2659 Constructora Sanchez Carvajal, and is worth $77.55 million. The company is expected to complete the works within 24 months.

For more information on companies in this article

Related Content

  • 4th Ibero-American road safety focus planned
    July 2, 2014
    The Latin America and Caribbean Region suffers from a high number of crashes on rural roads and also in the urban areas. Road crashes are now one of the leading causes of death in the region, especially for those aged 5-44. There are around 100,000 reported road fatalities/year in Latin America and the Caribbean while over 5 million/year are injured. Data from the World Health Organisation (WHO) shows that the death and serious injury rates are 10-20 times higher than in other industrialised regions, highli
    Read More
  • Paraguay’s road development works
    December 25, 2020
    Paraguay’s road development works increased for 2020.
    Read More
  • Chinese funding for Costa Rican project?
    November 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 devel
    Read More
  • Indonesian toll roads
    August 13, 2012
    ijaya Karya (Wika), the Indonesian governmentowned construction service provider, will build toll roads linking Kedung Badak to Kedung Halang and Pandaan to Gempol in Bogor through two contracts worth US$36.35 million and $24 million, respectively. Awarded by highways operator Jasa Marga (JSMR), the contracts require the roads completion in 18 months. The operator of the Tangerang- Merak Toll Road, Marga Mandala Sakti (Marga Mandala), will be allocating U$17 million to increase the toll road’s capacity. It
    Read More

Highlighted Content