Costa Rica
News

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.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Infrastructure

Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Infrastructure (Costa Rica)

Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Consorcio Ruta 160  (Consorcio Azvi - Orosi)
  • Consorcio Ruta 160 (Consorcio Azvi - Orosi) is a joint venture engaged in construction and established by Costa Rica's Grupo Orosi S.A. and Spain's Azvi S.A. It was incorporated...
  • Company: Consorcio ICA-MECO
  • Consorcio ICA-MECO, a partnership between Mexico's Ingenieros Civiles Asociados S.A. (ICA) and Costa Rica's Constructora Meco S.A., was established to develop expansion works at...
  • Company: Consorcio La Estrella - Hernán Solís
  • Consorcio La Estrella-Hernán Solís is a consortium comprised of engineering and construction companies Constructora Hernán Solís, of Costa Rica, and the Dominica Republic's Grup...