Costa Rica's growing road problem

Costa Rica's road network requires further investments to prevent it from worsening. According to data from the Ministry of Public Works and Transport (MOPT) some US$200 million/month is required to tackle the issue.
February 10, 2012 Read time: 1 min
Costa Rica's road network requires further investments to prevent it from worsening. According to data from the 2536 Ministry of Public Works and Transport (MOPT) some US$200 million/month is required to tackle the issue. This sum is equivalent to 79% of the National Roads Council's (2538 Conavi) annual budget for 2011, which stands at nearly $256 million. The MOPT has acknowledged that such investments would improve the country's competitive edge. At present, the Conavi only spends some $110 million in repairing roads/year. MOPT says that at present a mere 1.5% of the country's gross domestic product (GPD) is spent on transport, although the MOPT hopes this figure will increase to 2.5% until 2035.

For more information on companies in this article

Related Content

  • UK sees accidents rise
    July 12, 2012
    Fifty local councils in England saw more than a ten per cent increase in killed and seriously injured (KSI) crash rates between 2010 and 2011, according to an Institute for Advanced Motorists (IAM) analysis of the new road accident figures. The biggest increases in KSI numbers were in St Helens – 62 per cent, Portsmouth – 57 per cent, Stoke on Trent – 57 per cent, and Coventry – 51 per cent. A further 76 councils saw increases in the KSI rate above the national average of two per cent.
    Read More
  • Australia bites the bullet on roads reform
    August 2, 2012
    Predictions of impending doom for Australia's roads infrastructure have given the nation's governments and roads stakeholders the fright they needed to collaborate on roads policy. If the latest initiatives Australia is putting in place do produce the full extent of the roads reform required, there will be some lessons there for the whole world Whether through pride or stubbornness, or a combination of both, each state and territory of Australia has always liked to do things its own way. To some extent and
    Read More
  • Turkey is investing in new motorway and bridge projects
    May 29, 2013
    Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
    Read More
  • Efficient asset management to trim maintenance budgets
    January 22, 2014
    Transport infrastructure is taken for granted in many, if not most, developed countries. This has resulted in a shortage of investment in maintenance, posing potential long term cost issues. In many developing nations transport networks are expanding fast, but insufficient thought is also being given to how these will be maintained.
    Read More

Highlighted Content