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

  • Europe-Asia road link
    February 9, 2017
    The governments of China, Kazakhstan, Belarus and Russia have finally approved a project for the building of a new transcontinental road, which will connect Asia and Europe. The new route is much-needed and will speed the transportation of cargo between the two continents, according to Maxim Sokolov, Russia’s Minister of Transport. The idea for the building of the road was first proposed by the European Commission around 2005. It was prompted by the ever growing volume of trade between the EU and Chin
    Read More
  • 4th Ibero-American road safety focus planned
    July 2, 2014
    The Latin America and Caribbean Region suffers from a high number of crashes on rural roads and also in the urban areas. Road crashes are now one of the leading causes of death in the region, especially for those aged 5-44. There are around 100,000 reported road fatalities/year in Latin America and the Caribbean while over 5 million/year are injured. Data from the World Health Organisation (WHO) shows that the death and serious injury rates are 10-20 times higher than in other industrialised regions, highli
    Read More
  • Funds for Poland’s highways maintenance, repairs
    May 14, 2012
    Poland’s government plans to boost highways spending in 2011 with a budget of €8.72 billion, an increase of €3.73 billion over the budget set for 2010. However, there is some scepticism as to how such a substantial sum will be found, especially given the spending restrictions the country is already seeing.
    Read More
  • Getting to the heart of road noise - to eliminate disturbance
    May 20, 2016
    Traffic noise is a widespread nuisance that can impact where and how we choose to live, property prices and our quality of life. Better planning and use of mitigation factors can make a significant difference Traffic is one of the top five sources of nuisance noise – along with industry, construction, sport and leisure and general neighbourhood noise. Road traffic is also one of the most diverse sources of noise. You know where it’s going to come from, but less often what the noise will be as the volu
    Read More

Highlighted Content