SPONSORS

SPONSORS

Program to improve roads and port infrastructure in Costa Rica

PROGRAM/PROJECT NEWS 

$450 million loan to help reduce vehicle operating costs, shorten travel times for passengers and goods, and improve road and port safety  

21 November 2013 – The Inter-American Development Bank (IDB) has announced a $400 million loan to Costa Rica for upgrading its road and port infrastructure, improving the movement of persons and goods and strengthening trade and regional integration.  A $50 million loan from the China Co-financing Fund for Latin America was also announced.

131121-pmwj17-costa-rica-roads-IMAGEThe project will repair or pave up to 110 kilometers of the national road network, widen 51 kilometers of roads from two to four lanes, and build or repair 19 bridges and nearly 400 meters of breakwater in ports. These measures are expected to help reduce vehicle operations by 7 percent and travel time by 28 percent.

In addition, the improvements to roads and bridges are expected to help communities throughout the country to transport their products at lower cost and more efficiently to domestic and foreign markets. Better transformation infrastructure also will help Costa Ricans access social services by allowing them to reach health, education and other government facilities more easily and in timely fashion.

For example, the project will finance transportation infrastructure improvement in the Limonal-Barranca section of the Inter-American Highway, which will facilitate the flow of trade between Costa Rica and the rest of the countries, improving regional economic integration. The work to be done there includes new road safety features, such as doubling the width of bridges and roads from two to four lanes, and adding sidewalks, pedestrian crossways, bicycle lanes, signage and markings and containment barriers.

Another part of the project is the Puerto Caldera master plan and the rehabilitation and reinforcement of the port’s breakwater, which should extend its useful life by around 50 years. Also included is the rebuilding and expansion of ferry terminals and piers in the Gulf of Nicoya, including Puntarenas (Barrio El Carmen), Paquera, and Playa Naranjo.

For more about this project, go to http://www.iadb.org/en/projects/project-description-title,1303.html?id=CR-L1032.  For more about IDB projects in Costa Rica, visit http://www.iadb.org/en/countries/costa-rica/costa-rica-and-the-idb,1068.html.

Established in 1959, the Inter-American Development Bank (IDB) is a source of multilateral financing for sustainable economic, social and institutional development programs and projects throughout Latin America and the Caribbean.  More information about the IDB is at www.iadb.org.  For more about IDB projects, visit http://www.iadb.org/en/projects/projects,1229.html.

Source: Inter-American Development Bank