Skip to main content

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.

Related Content

  • Plans in hand to expand Nicaragua’s highways
    October 2, 2013
    Plans are now in hand to develop the highways of Nicaragua, a Central American country that has suffered from poor infrastructure investment in the past. The funding will come from the Inter-American Development Bank (IADB). Some US$91.5 million has been approved by the IADB to finance highway projects in Nicaragua between 2014 and 2018. While this sum may not seem as substantial as the investment being seen in other countries around the world, it will make an enormous difference to this small Central Ameri
  • Series of new road projects in planning for Guatemala
    August 14, 2014
    A series of major road projects in Guatemala now look set to go ahead. A US$340 million loan from the Brazilian National Development Bank (BNDES) will most likely fund work to widen the 131km Mayuelas-Puerto Santo Tomas de Castilla route to four lanes. A final decision on the financial package required for this project is due in September 2014. Meanwhile the tender process is opening for a 100km stretch of road running through El Rancho, San Agustin Acasaguastlan, El Progreso to Mayuelas, Gualan, Zacapa. Th
  • Planned Papua New Guinea highway project
    July 24, 2020
    The cost of a planned Papua New Guinea highway project has been revealed.
  • Costa Rican highway under scrutiny
    March 1, 2012
    Investigations are in hand in Costa Rica over a series of faults on the highway linking capital San Jose with Caldera.