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

  • Indonesia’s traffic accidents cause near US$18.16bn annual loss
    October 31, 2013
    In Indonesia, economic losses due to traffic accidents reportedly add up to around US$18.16 billion (IDR 200 trillion) a year – 2.9% of the nation’s annual gross domestic product. Data from the police showed that a total of some 120,000 traffic accidents were reported in 2012 contributing to a death toll of nearly 30,000 people. The figures were revealed during the 12th Regional Conference of Road Engineering on 22 October 2013 in West Java.
    Read More
  • Indonesian road budget increase
    May 29, 2012
    The authorities in Indonesia plan to invest heavily in infrastructure in 2010 and 2011, with road transport regarded as a high priority. The Directorate General of Highway Construction at the Public Work Ministry has set a budget of US$1.86 billion budget for 2010. According to the Public Work Ministry, 1% of the total budget for 2010 will be used to develop around 536km of roads while 11.5% of the budget will be spent on preservation of 4,400km roads
    Read More
  • Expectations for growth of UAE infrastucture
    February 9, 2012
    The INTERMAT Middle East event is being launched at a pivotal time of major infrastructure development in the region. As with most sectors, the highways industry has not had a fantastic 18 months in the Gulf. Not only has the recession impacted the delivery of projects across the board, GCC Governments' attention have been switching increasingly to rail, as plans to roll out a Gulf-wide rail system gather steam. GCC countries will invest over US$119.6 billion in infrastructure projects over the next decade
    Read More
  • Paraguay project carried out
    January 5, 2018
    Paraguay increased its spending on road repairs during 2017. The country’s Ministry of Public Works and Communications (MOPC) spent around US$800 million on road repairs and maintenance during the first 11 months of 2017. The country aims to increase its budget for 2018 to $1 billion. The development work will see Paraguay increase its total network of surfaced roads from 5,000km to 7,650km by the time the current administration finishes its term in office.
    Read More

Highlighted Content