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

  • Stantec: coming to an infrastructure site near you
    April 13, 2017
    Acquisitive Canadian firm Stantec is snapping up more transportation expertise as it moves out of its home North American market. David Arminas reports. Last December, politicians from the US states of Kentucky and Indiana celebrated the opening of the second of two major bridges. A ribbon-cutting ceremony took place in cold wintry weather on the new 762m-long cable-stayed Lewis and Clark Bridge. The event marked the finish of the prestigious three-and-half-year Ohio River Bridges Project.
    Read More
  • Bosnia invests in roads and highway construction
    May 15, 2012
    The Government of Federal Bosnia & Herzegovina plans to invest e5.5 billion in building roads, highways and new energy projects. To achieve this programme a new consortium will be set-up to secure part of the necessary capital, while part will be financed by strategic partners. The authorities are also working on plans for construction of the Corridor 5c highway.
    Read More
  • Planned tunnel in India sees delays
    March 4, 2016
    The planning process for a major tunnel project in India now looks set to be delayed. The Ministry of Road Transport and Highways (MoRTH) cancelled the bid process for the US$1.46 billionn Zozila tunnel project on National Highway 1 in Jammu & Kashmir. IRB Infrastructure Developers in India had previously received a letter of award (LoA) to perform construction, operation and maintenance on the tunnel on a design, build, finance, operate and transfer (annuity) basis. No reason was given for the cancellation
    Read More
  • National Highway Authority of India (NHAI) rolls out new PPP regime
    January 11, 2016
    Financially delinquent contractors working on Indian projects will, from now on, find they are labelled a “non-performer” and barred from further work until they remedy their cash flow. The move by the National Highway Authority of India (NHAI) is an attempt to speed up site work and complete public-private partnership road projects on time. Under the new policies, firms that delay construction or fail to inject their share of capital into their projects will be barred from participating in fresh bids un
    Read More

Highlighted Content