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

  • Portugal's road safety initiative
    February 14, 2012
    The Portuguese experience with road safety has proved that planning, development, introduction, and hard work do pay off in the end. Paulo Marques Augusto, president of the National Road Safety Authority (ANSR), explained that in the last 10 years a decrease of over 50% has been achieved in the number of fatalities on the road network despite a continuing growth in traffic demand (there are five million vehicles in Portugal), and a similar reduction in travel time on most of the connections between Lisbon a
    Read More
  • Another US$94.08mn for repairs to Hammersmith flyover in London
    June 14, 2013
    A further US$94.08 million (£60mn) is to be spent on fixing the Hammersmith flyover “monstrosity” in west London, England. Transport for London (TfL) is to fund a second phase of repairs to the structure’s badly corroded arches due to start in October 2013. The flyover was shut to all traffic just before Christmas 2011 to allow initial emergency arch repairs – leading to huge traffic chaos in west London – before being partially reopened a few weeks later. It was not fully opened until late May 2012.
    Read More
  • Morocco’s road development benefits from increasing budget
    October 1, 2018
    Morocco’s road network is being expanded and developed significantly. This is benefiting from an increased budget for transportation infrastructure from the Moroccan Government. The country expects to spend US$2.99 billion on developing its road network during the 2018-2021 time period, reaching a figure of $747.5 million/year. This is a notable increase from the $694.1 million/year spent during the 2012-2017 period and even more so from the $533.9 million/year spent in the 2008-2011 period.
    Read More
  • Hyundai Heavy Industries posts optimistic results
    July 7, 2014
    Equipment manufacturer Hyundai Heavy Industries has published optimistic results in the financial report for its construction equipment operations. The firm’s Annual Report 2013 said that the global construction market slowed in 2013 as economic uncertainty in the US and Europe continued and China maintained its tight credit policies to keep growth in check. In emerging markets such as the Middle East, Brazil, Russia, and Africa, falling international raw materials prices combined with a market slump in th
    Read More

Highlighted Content