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Wednesday, June 17, 2020New
Free-Trade Zone in San José
By the A.M. Costa Rica staff The construction of the Costa Rica Green Valley Free Trade Zone in San José Province began, announced the Costa Rican Investment Promotion Agency, CINDE, on Tuesday. According to CINDE, the CR Green Valley will be a new urban development, including a free-trade zone. Residing outside the Greater Metropolitan Area (GAM), allows the project a strategic location: located on one of Costa Rica’s primary highways and easily accessible from the provinces of Alajuela, Heredia and San José, as well as Juan Santamaría International Airport. The project aims to leave its mark on the community by attracting foreign investment, activating job creation and promoting local business links for all residents in Grecia, Atenas, Poás, Sarchi, Naranjo, Palmares, and San Ramón, as well as other residents of the Western Zone and the Central Valley. The total land area for the project amounts to more than 1,000,000 m2 (10,763,910 ft2); however, its construction will be carried out in phases. During the first phase, 140,000 m2 (1,506,947 ft2) will be developed and investment will total approximately $10,000,000 in infrastructure. Its construction is estimated at around one year. This project will have environmental certifications that validate the company's efforts in both the construction and operational phases. Internal tools will be implemented to identify and realize environmentally efficient practices, specifically in energy management strategies, the efficient management of solid waste, and the conservation of water resources. Once the first phase is completed, it is estimated that approximately 7,000 new jobs will be generated throughout the various areas of operation. Construction of the Green Valley Free Trade Zone will follow all Ministry of Health prevention measures, which are mandatory for those who enter the construction zone, said CINDE in its statement. ----------------------------- Where else in the country could benefit from the development of a new free-trade zone? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com More
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