Costa Rica road project planned

Costa Rica’s Ministry of Public Works and Transport (MOPT) is looking to secure financing for the second phase of its PRVC cantonal road programme. MOPT is hoping to secure the necessary funding from the Inter-American Development Bank (IADB). A loan of US$140 million will be required. The first phase of the project was funded by a $60 million loan from the IADB. This first phase includes the construction of new roads in Mora, Santa Ana, San Mateo, Turrubarres and Zarcero. MOPT hopes to receive funds for th
March 9, 2016 Read time: 1 min
Costa Rica’s Ministry of Public Works and Transport (MOPT) is looking to secure financing for the second phase of its PRVC cantonal road programme. MOPT is hoping to secure the necessary funding from the Inter-American Development Bank (IADB). A loan of US$140 million will be required. The first phase of the project was funded by a $60 million loan from the IADB. This first phase includes the construction of new roads in Mora, Santa Ana, San Mateo, Turrubarres and Zarcero. MOPT hopes to receive funds for the second phase of this programme before the end of 2016 and the plan is for a series of new projects to commence in early 2017. The second phase of the PRVC road project will take five years to complete.
Finance & Funding Road Structures

Related Content

  • Costa Rica road upgrade will cost
    September 20, 2021
    A key Costa Rica road upgrade will be costly.
    Read More
  • Paraguay in talks with Inter-American Development Bank (IADB)
    October 21, 2014
    Paraguay’s Ministry of Public Works and Communications (MOPC) hopes to finalise a US$100 million loan with the Inter-American Development Bank (IADB) for construction of new roads. The loan, expected to be signed at the end of November, will be for construction of around 400km of new roads and 2km of new bridges. Once the loan is signed, MOPC hopes to open tenders for the projects in December. Paraguay also plans to award infrastructure projects for a record $758 million in the last three months of th
    Read More
  • New Chile-Argentina tunnel project to open for bids
    April 19, 2016
    The bidding process for the Agua Negra Tunnel project that will link Chile with Argentina looks set to commence in July or August 2016. The bidding is being organised jointly by the governments of both Chile and Argentina. One source of funding for the project is also now secured, with a loan of US$1.5 billion being provided by the Inter-American Development Bank (IADB). In addition the IADB has also approved $20 million in funding for Chile and Argentina to finance the project's environmental impact studie
    Read More
  • Argentina road works; funding secured
    August 2, 2019
    Funding has been secured for a series of road works in Argentina. The Inter-American Development Bank (IADB) is providing US$300 million in the shape of a loan for work on a number of key routes. The road projects being targeted include Routes 6 and Route 8 in Rio Negro; Route 23 in Villa Elisa; the Gualeguaychu ring-road; Route 1 in Catamarca. Meanwhile the finance package forms part of a much wider plan from the IADB to develop infrastructure in Argentina.
    Read More

Highlighted Content