Skip to main content

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.

For more information on companies in this article

Related Content

  • Indonesia’s Trans-Sumatra highway inches ahead
    March 11, 2015
    Indonesia will form a consortium of state enterprises to build all the 2,700km of the Trans-Sumatra toll highway, from Lampung to Aceh on the island of Sumatra. The finance department is also setting up special infrastructure banks to provide flexible loans for the state departments to fund the project, Indonesian media reported. Indonesia recently changed the law that had the state infrastructure company PT Hutama Karya as the only organisation allowed to build major projects. Other state enterprises can n
  • Serbia upgrading infrastructure
    May 2, 2012
    Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci. So far some 180km of the Corridor 10 highway has been built over a 40 month time frame. A further 150km of the highway has still to be built. Work on the Corridor 10 motorway is also being financed by the European Bank for Reconstruction and Development and the state budget. Wh
  • Serbia upgrading infrastructure
    March 16, 2012
    Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci.
  • Kenya highway project financing resolution
    May 17, 2018
    Construction work on Kenya’s vital Mombasa-Nairobi highway upgrade project is now going ahead as planned. A resolution has been achieved that will solve the funding issues that had threatened to delay the project. The project will cost nearly US$3 billion in all and is crucial for the country’s economic development as it will provide a new four lane highway connecting Kenya’s capital, Nairobi, with its largest port at Mombasa. But there were concerns that the funding method based on a series of loans that w