Tuesday, 1 December 2020

It’s Time Limón To Awaken!


QCOSTARICA – A free zone (Zona Franca), two hotel developments and a condominium estimated at US$185 million and US$30 million are part of the works that private entrepreneurs have planned for the Atlantic province of Limón, Costa Rica.

Moldy buildings are the memory of Limón’s last economic disappointment, at the hands of Limón businessman, Carlos Pascal, whose investments gave th area respite, but then was deprived of his property in the middle of a trial.

- Advertisement -

With the announcement of the construction of the container terminal (Terminal de Contenedores de Moín – TCM) at Moin and the extension of Ruta 32 (the San José – Limón highway) , investors have glimpsed investment and business opportunities in the province, which foresees strong economic development in the coming years.

Projects such as a multimodal airport, the railway from Guanacaste, and the Chinese refinery complete the cluster works being noticed by investors.

Nacion.com reports that “… Data from the Chamber of Construction (Cámara de la Construcción) shows evidence of an increase in the processing of permits for commercial and warehouse buildings in 2014. ” For example “… Romulo de León, part of the company Coral Reef Development Group, hopes to build a 200 room hotel in front of Playa Bonita, accompanied by office towers and condominiums, with an investment of $50 million. ” Furthermore, “… Realtors are beginning to see a rise in the cost of land. To give you an example, last year a square meter in area 32 (land near Ruta 32) cost US$100, it is now at US$150. ”


- Advertisement -

“… Three other developments … which it is hoped will revive the economy of Limon … are the Buffalo Multimodal Industiral Park, by Isiven Group, which will be a free zone and a real estate project which hopes to attract investments of up to US$300 million. Two other grounds, one measuring 160 hectares and another 200 hectares, would form the basis for two more industrial parks. And the construction of a new branch of a cargo transportation company, will mean about US$200,000 for the area


And for small guy? With the industrial parks arrives employment, but what about small businesses? To many, they are not certain of waves of change, but the promise is motivating.

Osvaldo Orozco, owner of the bar Pura Vida, in north Moin, hopes that the smell” of insecurity and drug trafficking will disappear from his town.


The projects attract professional and skilled labor from elsewhere. It is what you Heidy Rojas, owner of  Quimbamba restaurant, is betting on: “If they come to work at the port, they will pass through here and  eat and stay awhile … that’s what we expect.”

- Advertisement -


Source: Nacion.com

- Advertisement -
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Playas del Coco, Costa Rica

QPHOTOS - Playas del Coco is one of the oldest beach...

Canada’s largest city going on Covid lockdown

QTRAVEL - Canada's Prime Minister, Justin Trudeau, on Friday warned so-called...


PAHO urges countries not to require covid-19 tests from travelers

QCOSTARICA - The Pan American Health Organization (PAHO) urged countries not to require covid-19 tests from travelers, insisting that they give a 'false sense...

On the Back of the Pandemic, the Militarization of Latin America is Gathering Momentum, Analysts Warn

(QREPORTS) During the Covid-19 pandemic, armed forces in Latin America have been taking on essential tasks: manufacturing protective equipment, delivering food and treating civilians...

Covid-19 in Costa Rica: 2,877 new cases and 33 deaths in 3 days

QCOSTRICA - In the last 72 hours, the country registers 33 new deaths from COVID-19, for a total of 1,641 deaths associated with the...

Western Union closes in Cuba due to U.S. sanctions

(Q24N) The financial services company Western Union closed its operation in Cuba, this Monday, November 23, forced by pressure from the Donald Trump administration,...

19 dead and 45 injured in traffic accident in Waslala, Matagalpa

TODAY NICARAGUA – The overturning of a truck left 16 people dead and 45 injured in the community of Ocote Tuma, in the municipality...

CCSS will apply rapid tests to detect COVID-19

QCOSTARICA - The Caja Costarricense de Seguro Social (CCSS), locally known as the "Caja", will begin using rapid tests to detect COVID-19 starting next...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.