Costa Rica

Costa Rica approves US$730mn infra budget

Bnamericas Published: Wednesday, November 30, 2022
Costa Rica approves US$730mn infra budget

Costa Rica’s national assembly approved next year’s 12.2tn-colón (US$20.5bn) national budget, of which the public works and transport ministry (MOPT) will obtain 434bn colones, compared to 410bn colones this year. 

About 159bn colones will go to national roads council Conavi, 152bn colones to road infrastructure, 52.9bn colones to ground transport, 36.8bn colones to aviation council CTAC and 2.3bn colones to ports and maritime projects. A part is earmarked for infrastructure management and national buildings.

With the funds, the ministry must increase the capacity of Juan Santamaría airport and build one or two airport terminals on the Caribbean and/or Pacific coasts.

It will also monitor ports to gauge trade demands, while the government wants to revive plans for an intermodal transport system with freight centers integrating ground and rail routes.

Other objectives include increasing public transport and micro mobility investments, and maintaining investments in priority infrastructure to meet needs according to technical planning.

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