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

  • Delays to highway, tunnel and bridge building
    May 14, 2012
    The Slovakian government is being asked for financial compensation by Granvia, the group building the country’s new Nitra-Banska Bystrica highway. Granvia is building the highway under the PPP model through a 30-year concession deal. The compensation has been requested due to delays that have been caused by the need for archaeological investigations along the route.
    Read More
  • Key projects in hand for India
    September 7, 2015
    The Indian Government plans to build a new highway connecting Katra with New Delhi. The route will be some 600km long, running through Punjab, Haryana, Jammu and Kashmir. A consultant is being selected to carry out a feasibility study for the project. The project will cost in the order of US$2.25 billion and will be of importance as Katra is where the Vaishno Devi holy shrine is located. The new link will reduce travel time on the route from 11-12 hours at present to five-six hours when the work is complete
    Read More
  • Colombian tunnel project faces further delays
    September 16, 2014
    The Colombian Government is looking to cancel the contract for the construction of the La Linea tunnel. This project has already been beset by an array of problems since it was first conceived and now looks set to be further delayed. Work was supposed to have been 20% complete by March 2014, however a series of delays had put the project far behind schedule and by March 2014, only 12% of the work had been carried out. In June 2014, the project was supposed to be 50% complete, but work was in fact just 14% h
    Read More
  • Indian State of Rajasthan sees highway development
    July 7, 2017
    India’s Rajasthan State is benefiting from new financing for its Highways Investment Programme. A loan facility will pay for highway development work in the state. Approval has been given from the Asian Development Bank (ADB).
    Read More

Highlighted Content