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

  • Progression with Bangladesh elevated highway
    June 8, 2016
    Plans are in hand for a radical new 225km raised highway to connect Bangladeshi capital Dhaka with the city of Chittagong. An elevated highway design is required due to the low-lying terrain along the country’s coast where the highway would run, as the area is prone to frequent flooding. However raising the roadway is also boosting the cost of the project substantially. The work is likely to cost in the region of US$8.91 billion according to estimates. As a result, the Bangladesh Government is having had to
    Read More
  • New Vietnam North-South highway link planned
    April 12, 2017
    Work on the new North-South Highway in Vietnam is now underway, with preparatory work having commenced in 2016 and construction scheduled for completion in 2020. The project is being carried out under the PPP model, with initial funding being provided by a system of Government Bonds. The project is expected to cost US$2.43 billion to complete. The tender process for the design phase of the project is now opening, while a pre-feasibility study has yet to be carried out. The project is being overseen by Vietn
    Read More
  • The Cebu–Cordova Link Expressway
    September 19, 2021
    The 8.5km CCLEx, as it is known, will include the longest and tallest bridge in the Philippines when the structure is finished next year
    Read More
  • Road tolling is vital for good roads
    January 2, 2024
    Upcoming transportation projects are outlined in planning documents throughout America by Mary Scott Nabers
    Read More

Highlighted Content