Costa Rica spending on developing routes

The Costa Rican Government is setting out plans for a series of road repair and upgrade projects. Several key routes have been identified as being in major need of improvement works. These include roads linking the capital, San Jose, with Cartago, Limon, San Ramon and San Carlos. Some US$350 million will be used to carry out the road projects. In all the Costa Rican Government has set a budget of $4.6 billion for infrastructure works. Of this $20 million is being directed towards work on the San Carlos road
September 11, 2018 Read time: 2 mins

The Costa Rican Government is setting out plans for a series of road repair and upgrade projects. Several key routes have been identified as being in major need of improvement works. These include roads linking the capital, San Jose, with Cartago, Limon, San Ramon and San Carlos. Some US$350 million will be used to carry out the road projects. In all the Costa Rican Government has set a budget of $4.6 billion for infrastructure works. Of this $20 million is being directed towards work on the San Carlos road while $50 million will be used for the San Jose to Cartago road link, with $50 million each also being used for the San Jose to San Ramon and San Jose to Limon road works. The 2791 Inter-American Development Bank (IADB) is likely to provide a portion of the financing for the works. The Costa Rican Government is also using a $150 million loan to pay for 100 smaller road works across the country.

Finance & Funding

For more information on companies in this article

Related Content

  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • US$2.8 billion expressway for the Philippines
    November 18, 2024
    A US$2.8 billion expressway project is planned for the Philippines.
    Read More
  • Texas route benefits from loan
    March 1, 2012
    Drivers in Texas using the SH161 route are set to benefit from a US$418 million loan being provided by the US Department of Transportation to complete work on the link.
    Read More
  • Major highway improvement project on track in Colombia
    February 29, 2016
    In Colombia plans are now in hand for a major highway improvement project. Concesión Pacífico Tres is joint concession operator of the tolled links for Colombia’s major commercial regions connecting with the Pacific port hub. US firm Milbank, Tweed, Hadley & McCloy has provided advice to Colombian Concessionaire Concesión Pacífico Tres SAS and its sponsors, MHC Ingeniería y Construcción de Obras Civiles and Construcciones El Cóndor, and Costa Rica’s infrastructure company Constructora MECO. The advice was
    Read More

Highlighted Content