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

  • Costa Rica’s crash causes considered
    December 6, 2016
    Alcohol use is linked to an increasing number of road deaths in Costa Rica. A study compiled by Costa Rica’s Institute on Alcoholism and Drug Dependence (IAFA) reveals that 30% of the country’s reported road deaths have been caused by alcohol. This is of major concern as the report shows how road deaths caused by alcohol use have increased. Studies carried out in 2004 showed that 26% of road deaths were caused by alcohol. The majority of people killed in road crashes in Costa Rica are aged 20-49. A high num
    Read More
  • A new bridge will link Zambia and Botswana
    July 18, 2012
    A new bridge will improve cross border connections between Zambia and Botswana. The Kazungula Bridge will be constructed by Zambia, which will also build a new border post. Construction work is expected to commence once discussions between Zambia and Botswana have been completed. The Japanese Government is also involved in the discussions, as it is jointly funding the project in partnership with the African Development Bank (AfDB). Construction of the bridge is expected to cost in the region of US$200 milli
    Read More
  • African Development Bank funds road to Africa’s largest wind farm
    February 20, 2014
    Shem Oirere discusses a new road connecting with a wind farm development in Kenya The African Development Bank will provide 45% of the funding needed for the rehabilitation and rebuilding of a new 200km road which leads to Africa's largest wind farm project, located in northern Kenya. The bank said the $13.5 million grant for rehabilitation of the existing Laisamis – Ngurunit – llaut - South Horr – Loyangalani road- will be provided by the Government of the Netherlands. The bank says works on the road will
    Read More
  • New road project for Hong Kong
    October 31, 2018
    A new road project worth US$440 million is going ahead in Hong Kong’s Yau Ma Tei west area. The project is for a six-lane road and the new link will be constructed by a consortium comprising SK Engineering & Construction Co (SK E&C) and local firm Build King Construction. Work is now starting and the package of works is expected to take 84 months to complete. The contract was awarded to the consortium by Hong Kong’s Highways Department.
    Read More

Highlighted Content