Costa Rica highway widening project moving ahead

In Costa Rica plans are now moving forward with a project to widen the highway connecting capital San Jose with San Ramon. The project looks likely to cost in the order of US$440 million. The Costa Rican Government has given its approval for a trust fund financing system for the project. Plans to carry out the widening work were delayed earlier when Costa Rica’s Government cancelled a contract with construction company OAS, leading to compensation claims.
February 6, 2015 Read time: 1 min
In Costa Rica plans are now moving forward with a project to widen the highway connecting capital San Jose with San Ramon. The project looks likely to cost in the order of US$440 million. The Costa Rican Government has given its approval for a trust fund financing system for the project. Plans to carry out the widening work were delayed earlier when Costa Rica’s Government cancelled a contract with construction company 1511 OAS, leading to compensation claims.
Road Structures Finance & Funding

For more information on companies in this article

OAS

Related Content

  • US president-elect Obama and the future of America's roads
    July 18, 2012
    The current US transportation funding law expires in September 2009. The current law allocates US$286 billion to highway and transportation projects. However, simply re-authorising the same amount will not be sufficient to build, maintain and improve the nation's roads, bridges, airports, and other deteriorating infrastructure. The backlog of projects unaddressed has swollen to the point where the American Society of Civil Engineers (ASCE) says it will take $1.6 trillion to address the country's road and in
    Read More
  • Stonehenge Tunnel controversy continues
    July 1, 2021
    The controversy continues over the UK’s proposed Stonehenge Bypass Tunnel.
    Read More
  • New bridge project for Sri Lanka
    September 30, 2013
    A bridge costing some US$321 million will be built in Sri Lanka to span the Kelani River. This new link will reduce congestion at Baseline Road and in the area of Peliyagoda. The bridge is expected to take three years to construct and will measure 415m long. The project is being funded by the Japan International Cooperation Agency (JICA), which is also funding the design detail and feasibility studies. Meanwhile the Asian Development Bank (ADB) has approved credit $75 million for the construction of roads l
    Read More
  • Contract withdrawn for Philippines highway contract causing delay
    August 14, 2014
    The project to construct a connecting road between the South Luzon and North Luzon expressways in the Philippines now looks set to be delayed. The US$409 million contract previously awarded to a joint venture comprising Philippine National Construction Corp (PNCC) and Metro Pacific Investments Corp (MPIC), has been withdrawn for unspecified reasons. The country’s Department of Public Works and Highways says that the contract has been returned to the National Economic and Development Authority (NEDA) for new
    Read More

Highlighted Content