Costa Rica highway concession package cancelled

The Costa Rican Government is paying compensation worth US$28.4 million for the cancellation of a highway concession package. The compensation relates to the San José-San Ramón highway concession and is being paid to the Brazilian construction company OAS, reports Business News Americas. This follows a legal dispute over the project and is some $10 million less than OAS originally claimed in compensation. The 30 year concession package was cancelled last year due to opposition. There were allegations of a c
March 19, 2014 Read time: 2 mins
The Costa Rican Government is paying compensation worth US$28.4 million for the cancellation of a highway concession package. The compensation relates to the San José-San Ramón highway concession and is being paid to the Brazilian construction company 1511 OAS, reports Business News Americas. This follows a legal dispute over the project and is some $10 million less than OAS originally claimed in compensation. The 30 year concession package was cancelled last year due to opposition. There were allegations of a conflict of interest in the award of the contract as well as complaints the proposed toll fees would be too high. The project for the $524 million project to upgrade and widen the 58km section of highway was originally expected to have been complete within a 30 month time slot. Under the terms of the agreement, OAS will provide the Costa Rica Government with all the plans, studies and technical documents carried out for construction of the link. The payment will be funded by the national roads council 2538 Conavi. The El Foro de Occidente group opposed to the original concession has now set out plans for a $478 million alternative proposal in coordination with the 2536 Ministry of Public Works and Transport, MOPT and Conavi. This includes a lower toll fee of $2.23, instead of the $3.90 OAS had proposed.
Finance & Funding

For more information on companies in this article

Related Content

  • Weigh in motion and ANPR techology aid highway protection
    April 10, 2012
    Weigh-in-motion technology manufacturers have been involved in a number of significant highways tolling projects across the world in recent months, while others are looking to become involved in major new initiatives. Guy Woodford reports. The continuing global economic crisis did not prevent UK-based TDC Traffic Systems from recently securing the prized US$2.84million (€2.14million) contract to supply 20 high speed weigh-in-motion (WIM) systems for overweight pre-selection and enforcement in Saudi Arabia
    Read More
  • India pushing ahead with infrastructure projects
    July 4, 2012
    Despite the economic downturn, India looks to be pressing ahead with its major infrastructure projects to further boost its incredible growth. Patrick Smith reports India, which like most countries has been affected by the current economic climate, although not to the same extent, is pressing ahead with its ambitious highway construction plans. Each week new projects are completed, started or awarded as the nation seeks to improve its transportation requirements. These are needed to meet the aspirations of
    Read More
  • Transport under the spotlight
    February 13, 2012
    A round-up of some of the major transport-related meetings that have been held in Europe. Compiled by Patrick Smith. Europe has hosted a number of annual events over the last few weeks, where important matters of transport were discussed, reports produced, and decisions taken. ASECAP (the European Association of Tolled Motorways, Bridges and Tunnels Infrastructures Operators); International Transport Forum (ITF); Arena (TRA); International Road Federation (IRF), and the European Construction Industry Federa
    Read More
  • Panama plans projects
    March 2, 2012
    Brazilian contractor Odebrecht will carry out a major project in Panama City worth US$778 million.
    Read More

Highlighted Content