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Govt to invest over US$2bn in transport infrastructure up to 2014 (Costa Rica)
2010-12-24
Costa Rica will invest 1.34tn colones (US$2.66bn) to improve and modernize the country's port, airport and highway infrastructure over the next few years, according to the government's 2011-14 national development plan.

 

The plan lays out 10 strategic projects to improve the transport sector, including four major highway programs, which will require a total investment of some 254bn colones.

 

The projects involve repairs and construction on the national and international highway networks, building 80 bridges, paving some 1,200km of secondary roads and implementing a road safety program.

 

The government is also planning investments of 100bn colones in port improvements, including construction of a new grain terminal at Caldera port and a container terminal at Limon-Moin port.

 

Improving fluvial transport will require another 13.4bn colones and 45mn colones will be spent on modernizing airports.

 

Finally, the plan calls for some 20.7bn colones for public transport, including a commuter railway for the San Jose metropolitan area and an improved public transport system for the city.

 

The government plans to finance some of the projects directly and others through concessions. Financing for several projects has already been secured from IDB.


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