Costa Rican government targets Chinese loan to build major motorway

A 107km road section between San Jose and Limon in Costa Rica could be transformed into a large four-lane motorway using a loan from China of US$395.7 million. The Costa Rican government could add $89 million to the loan, creating a large project budget of $485 million. President Laura Chinchilla has referred the project to the Costa Rican Congress for approval. Chinese firm CHEC will work on the design of this motorway over the next eight months. The project could be finished in three and a half years.
October 16, 2013 Read time: 1 min
A 107km road section between San Jose and Limon in Costa Rica could be transformed into a large four-lane motorway using a loan from China of US$395.7 million. The Costa Rican government could add $89 million to the loan, creating a large project budget of $485 million.

President Laura Chinchilla has referred the project to the Costa Rican Congress for approval. Chinese firm CHEC will work on the design of this motorway over the next eight months. The project could be finished in three and a half years.
Road Structures

Related Content

  • Ethiopia’s challenging cement market: consumption stimulation
    January 26, 2018
    Ethiopia’s cement industry has enjoyed substantial growth in the past decade. However, challenges linked to the government’s investment policy could erode these gains, as Shem Oirere reports With nearly 16.5 million tonnes of cement capacity and 10% average growth in annual consumption, Ethiopia is among the top cement producers in sub-Saharan Africa. Only Nigeria and South Africa rival it.
    Read More
  • Balfour included on major UK Highways Agency framework contract
    November 7, 2014
    Balfour wins place on major UK Highways Agency road framework contract Balfour Beatty’s UK construction business has been appointed by the UK’s Highways Agency to a new collaborative framework contract for projects totalling more than US$3.95 billion (£2.5 billion). Under the framework arrangement, Balfour is one of five contractors that the agency can call upon to deliver individual projects worth between $160 million and $713 million (£100 million and £450 million) on Lot 3B of the Collaborative Del
    Read More
  • China to set up “international courts” for Belt and Road disputes
    February 6, 2018
    China plans to set up an “international court” for settling disputes among companies participating in Belt and Road transportation infrastructure work, according to Chinese media. The Global Time newspaper – with strong links to the communist government – reported that Chinese companies are facing more foreign-related lawsuits as they step up investment and business in countries covered by Beijing’s Belt and Road Initiative. The report called Belt and Road “a brainchild of Xi”, referring to Xi Jinping
    Read More
  • EBRD mulls loan for Macedonian Corridor 8 work
    July 13, 2021
    The €110million (US$ 130.5 million) load would help construct a 10.7km section, including a tunnel, between Bukojcani and Kicevo.
    Read More

Highlighted Content