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

  • Growth expected for US construction market
    December 6, 2018
    A new report from the American Road & Transportation Builders Association (ARTBA) predicts growth for the US construction market in 2019. The US transportation infrastructure market is expected to grow 4.2% in 2019, according to ARTBA’s annual economic forecast.
    Read More
  • Road user charging to pay for road improvements?
    February 20, 2012
    What is the current situation with Russian roads? It is an objective answer to this question that is contained in the official report of the Federal State Statistics Service for 2009. Here it states: "...public roads are of poor quality: 8.4% of roads accounted for groundwater, nearly a third of roads are gravel, rubble or cobblestone.
    Read More
  • Develop the Silk Roads, boost economic growth
    February 28, 2012
    Tony Pearce, honorary life member and former director-general of IRF Geneva, recalls the history of the Silk Roads, highlights their continued economic relevance and introduces IRF's active long-term commitment to their rehabilitation. The Silk Roads had their origins in a Chinese military mission in 138BC to purchase horses in Central Asia's Fergana Valley that were reputed to run so fast that they sweated blood. When General Chang Ch'ien reached Fergana, now in Uzbekistan, he found that the fabled horses
    Read More
  • Europe’s road safety targets at risk
    July 10, 2015
    This new analysis has been published by the European Transport Safety Council (ETSC). According to the ETSC data, 2014 showed the lowest annual reduction in EU road deaths since 2001. In all 25,845 people were killed in road crashes in the 28 nations of the EU during 2014. This represented a decrease of just 0.6% compared to 2013. EU member states now need to cut deaths by almost 8% each year until 2020 to meet the target set in 2010 to halve deaths within a decade.
    Read More

Highlighted Content