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

  • Empresas ICA and CDPQ enter partnership for road projects
    April 17, 2015
    Mexican construction company Empresas ICA has entered a partnership with Canadian investment company CDPQ to carry out joint road projects in Mexico. Under the arrangement, subject to Mexican government approval, ICA holds a 51% interest in the partnership and CDPQ will pay US$197.17 million to ICA for its 49% equity share of the new business. The companies are planning four projects: the Mayab motorway, the Rio-Verde-Ciudad Valles motorway, the La Piedad bypass and the Acapulco tunnel. ICA carries
    Read More
  • New Paraguay road links
    December 10, 2020
    New road links are planned for Paraguay.
    Read More
  • Panamanian projects planned
    May 13, 2019
    New road projects are planned for Panama. Contracts have been awarded by the Ministry of Public Works (MOP) worth some US$194.4 million. The work will be carried out in Los Santos, Herrera, Panama Oeste, Ngabe Bugle and Panama Este provinces. The Jose Agustin Arango-CPA-24 de Diciembre project is one of the larger of these and is costing $71 million, with the work being carried out by Puentes y Calzadas Infraestructuras. The Asociacion Accidental Tanara consortium, which comprises CUSA and Constructora de
    Read More
  • Nicaragua highway funding deal secured
    March 14, 2017
    Repairs and improvement works will now go ahead on Nicaragua’s Pista Juan Pablo II highway in capital Managua. The project is expected to cost close to US$256 million to carry out. A portion of the funding required will come in the shape of a loan worth $105.5 million from the Central American Bank for Economic Integration (CABEI). Nicaragua’s Ministry of Treasury and Public Credit is aiming to receive the remainder of the funding necessary for the work through a loan from the European Investment Bank (EIB)
    Read More

Highlighted Content