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 According to President Alvarado, the bank cooperation will allow the government to structure an ambitious project to use asphalt, repair bridges and carry out works throughout the country. - Casa Presidencial photo -  |
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Published
Friday, June 11, 2021
By the A.M. Costa Rica staff The government, through the Ministry of Public Works, announced a plan to request another loan from the Central American Bank for Economic Integration, CABEI. CABEI headquarters is in Tegucigalpa, Honduras and has regional offices in Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica and Panama. The plan entitled “Programa de Rehabilitación y Construcción de Puentes y Caminos” (which means plan for improvements and construction of bridges and roads, in the English language) considers the construction and improvements of 620 miles (about 1,000 kilometers) of streets and bridges. As part of this plan, the CABEI announced the donation of $99,750 to cover the research costs needed for any planning. Authorities are currently in the process of procuring the company that would be in charge of making these preliminary studies. "CABEI technical cooperation will allow us to structure an ambitious project to use asphalt, repair bridges and carry out works throughout the country," President Carlos Alvarado said. "This program may be executed by the next government." Currently, a $430 million loan from CABEI is being used to pay for the construction of the highway known as Circunvalacion Norte, which is the circle traffic in the northern zone of Zapote city. As part of Cirncunvalacion Norte project, recently the government announced that another traffic circle construction could cause a traffic jam. Work began on the expansion of the highway and the construction of a traffic circle, known as Rotonda de La Bandera, in Betania District, San José Province, potentially causing more traffic bottleneck for at least the next three months. -------------------------- How can the government continue to develop infrastructure in the country without borrowing from international banks? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com  Real Estate For Sale
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