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

  • Game-changing ideas that deliver daily life and continue to evolve
    December 14, 2016
    As World Highways celebrates its 25-year anniversary this month, we thought that it would be a good moment to take a step back and look at the exciting times we live and work in, and pick out a few of the game-changing new products, technologies and services that have brought about so much innovation in our industry over the past quarter of a century. Where will these new ways of thinking and working take us next? The global highways market has been transformed in the lifetime of World Highways by high-v
    Read More
  • Tunnel Boom in Central and Eastern Europe
    September 15, 2015
    Following the success of the 41st World Tunnel Congress held in Croatia last May, World Highways looks at two signi_ cant projects in Slovakia and Serbia – Adriana Potts reports Central and Eastern Europe is buzzing with a number of major projects being developed - including highways, bridges and tunnels – and with many more in the pipeline. The region is expected to be highly active with plans for developing infrastructure in the next two decades, according to Davorin Koli , president of the Croatian
    Read More
  • Chinese funding for Costa Rican project?
    November 27, 2012
    China is reported to be willing to fund the construction of the Limon road in Costa Rica, on the condition that a Chinese company is responsible for the key infrastructure project. It is understood that China would grant a 20-year loan of US$400 million, with a low interest rate, if their condition is met. The Congress of Costa Rica is expected to decide on the matter in November 2012. The Limon road project involves the expansion from two to four lanes of the 70km road from Rio Frio to Limon, and the devel
    Read More
  • Funding the future for road development
    May 11, 2018
    Once again the spectre of future road funding has raised its ugly head. The US administration has announced plans for a massive redevelopment programme for its crumbling infrastructure network. However, as the American Road Transportation Builders Association (ARTBA) has so succinctly pointed out in a recent report, how to pay for the work has yet to be established. This has been backed up by US transport expert Robert Poole of the Reason Foundation, as he recently commented, “…the way we fund and manage th
    Read More

Highlighted Content