Delays for Costa Rica projects

In Costa Rica delays have hit the channelling of a loan provided by the Inter-American Development Bank (IADB) for infrastructure projects. The US$300 million loan granted from the IADB has yet to be invested into infrastructure projects. Some of the key works planned originally include new roads and bridges
May 28, 2012 Read time: 1 min
In Costa Rica delays have hit the channelling of a loan provided by the 2791 Inter-American Development Bank (IADB) for infrastructure projects. The US$300 million loan granted from the IADB has yet to be invested into infrastructure projects. Some of the key works planned originally include new roads and bridges. However the Ministry for Public Works says that the projects are not likely to begin until December 2010.

For more information on companies in this article

Related Content

  • Highway developments to boost east-west transport
    April 4, 2012
    Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports History was made in late 2010, when one of the biggest road building projects ever envisaged in Eastern Europe was given the green-light. It was the occasion when Russian president Dmitry Medvedev signed a law that would allow his country to build its segment of a huge highway around the Black Sea. The idea is to complete the 7,140km highway, wi
    Read More
  • Brazil delaying key infrastructure projects
    March 25, 2015
    Brazi llooks set to delay a number of key infrastructure projects until 2016. The Brazilian Federal Government's planned transport sector concession tenders will see investments close to US$46.58 billion in all. But these will be pushed back to 2016 due to the difficulty of launching all auctions in 2015 due to technical, economic and political limits. The tenders are revised versions of those promised previously. However only the airport tenders having been launched with success. Due to revisions in the pl
    Read More
  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
    Read More
  • Brazil’s Parana state continues with infrastructure investment
    January 8, 2015
    The Brazilian state government of Parana has spent around US$1.73 billion on infrastructure projects over the past four years, including roads, railways, airports, ports and public buildings. According to Jose Richa Filho, the state’s infrastructure secretary, more investments will be made by local partners and through international financing. Around $3.63 million for road works between 2015 and 2018 with fund coming from partnerships with Votorantim and Klabin. Votorantim Group is one of the largest
    Read More

Highlighted Content