Costa Rica needs to invest US$58bn in infrastructure over the next 25 years in order compete internationally, according to public works and transport (MOPT) minister Francisco Jiménez.
To take advantage of opportunities provided by free trade agreements, the country needs to spend at least US$9bn annually to improve airports, highways and ports, Jiménez told a congressional committee.
The 2011-2014 national infrastructure plan calls for some US$3.09bn in investment, including US$330mn for highway maintenance and repair, congress reported on its website.
Projects planned for this period include a US$140mn stretch of the San Carlos highway and construction of the 28km Chilamate-Vuelta Kooper highway. The latter will link Bajos de Chilamate in northern San Carlos municipality to Vuelta Kooper in eastern Limón province, costing some US$52mn.