New financing securing Costa Rica road building

A series of loans from the Inter-American Development Bank (IADB) will help finance transportation projects in Costa Rica. Totaling around US$1 billion, the loans will allow a substantial package of works to get underway. This will be of major importance to Costa Rica as it will unlock several key road and transport projects so far held back by the availability of suitable funding. However, the Costa Rican authorities have yet to announce all the road projects intended for construction. So far only three hi
September 21, 2015 Read time: 2 mins
A series of loans from the Inter-American Development Bank (IADB) will help finance transportation projects in Costa Rica. Totaling around US$1 billion, the loans will allow a substantial package of works to get underway. This will be of major importance to Costa Rica as it will unlock several key road and transport projects so far held back by the availability of suitable funding. However, the Costa Rican authorities have yet to announce all the road projects intended for construction. So far only three highway projects have commenced. Some $300 million has been targeted at building the Canas-Liberia road, the Paso Ancho level crossing, the Pozuelo-Jardines del Recuerdo section of road and the northern part of the San Carlos road. And only the Canas-Liberia road and the Paso Ancho crossing are under construction at present. The Costa Rica Government has yet to decide on how the remaining loans should be allotted for transportation works. The loans will help boost the country’s economy by improving transport and there is some hope within the construction sector that the project schedules will be announced shortly.

In a separate development, the IADB has handed over a loan of $60 million to improve local road networks, or Red Vial Cantonal, and this project at least is underway.

Road Structures Finance & Funding

Related Content

  • US$5.9 billion for three Philippines expressways
    July 10, 2024
    US$5.9 billion is being spent for three new expressways in the Philippines.
    Read More
  • IRF-Washington to host Third Latin America Regional Congress
    May 28, 2012
    IRF will host the Third Latin America Regional Congress at the Crowne Plaza Tequendama Hotel in Bogotá, Colombia, from 8-11 November 2010 with the support of Colombia's Highway Safety Prevention Fund, the Inter-American Development Bank, the Colombian Ministry of Transport, the National Institute of Concessions, the National Highway Institute, and the Mobility Department of the City of Bogotá. The Congress will feature direct participation by leading local and regional decision-makers, including notably Ger
    Read More
  • Rural roads important to global development
    April 12, 2012
    Maryvonne Plessis-Fraissard highlights that the key importance of rural roads in the context of global development is only now being fully recognised, is not receiving enough attention and is facing vital new challenges Rural roads have only relatively recently received attention in development research. The International Bank for Reconstruction and Development, or World Bank, moved away from the World War II reconstruction mandate during the early 1960s to start, and address, the "Third World" developme
    Read More
  • World’s largest bridge deck for KAIA expansion
    December 16, 2013
    A bespoke formwork solution from RMD Kwikform is playing a key role in creating the largest ever airport cast bridge deck as part of the multi-billion dollar expansion of King Abdulaziz International Airport near Jeddah, Saudi Arabia. The firm is also a leading player in the creation of arterial tunnels under the airport’s elevated roads, another key part of the project’s first phase works due for completion in 2014. Guy Woodford reports
    Read More

Highlighted Content