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

  • Saudi Arabian capital Riyadh benefiting from major transport investment
    September 9, 2013
    Saudi Arabia is undergoing a series of upgrades to its transport network in a bid to improve Traffic flow rates and boost safety - Mike Woof reports. The massive growth in the use of motor transport worldwide since the start of the 20th century has transformed every country on the planet. But perhaps no country has changed more dramatically than Saudi Arabia, the world’s leading oil producer. At the start of the 20th century Saudi Arabia’s population was small and the country had few industries while it is
    Read More
  • Thirst for Infrastructure: The Belt & Road Initiative
    November 8, 2017
    Susanna Zammataro, IRF Geneva, writes: The China Highway and Transportation Society (CHTS) – an esteemed member of IRF – will be hosting a special Session on the Belt and Road Initiative during the IRF World Meeting in Delhi, 14th-17th November 2017. Last May, president Xi Jinping welcomed 28 heads of state and government to Beijing to celebrate the “Belt and Road” initiative, an ambitious plan in terms of infrastructure development, but also in terms of foreign policy. Launched in 2013 as “One belt, On
    Read More
  • A new tolled highway brings change for Austin, Texas
    February 10, 2020
    A new highway section in Austin, Texas marks a major departure for the southern US city
    Read More
  • Tunisia to rebuild road routes
    November 2, 2015
    Tunisia has major plans to upgrade its road network, with work due to commence in 2016. The Tunisian Government has said it intends to modernise 718km of roads across the country. The aim is to widen roads to 7.6m so that they meet international standards. The scheme will cover 21 governorates. Five national roads will be upgraded with a total distance of 105km, while 20 regional roads covering a distance of 320km will be updated. The project will also improve 20 local roads with a total distance of 294km.
    Read More

Highlighted Content