Thursday 16 September 2021

Malasya To Be New Owner of Ruta 27 Concession in Costa Rica

Paying the bills

Latest

Italy to bring in vaccine passes for entire workforce

ROME — Italy is to require the country's entire...

Number of minors victims of the pandemic in Costa Rica reaches 19

QCOSTARICA - A baby of one month and 20...

CCSS activates ‘vacunatón’ against covid-19

QCOSTARICA - Starting this Friday, and for 10 days,...

MOPT eliminates driver re-education for points accumulated in license for violating vehicle restriction

QCOSTARICA - Drivers who were sanctioned for violating the...

Costa Rica celebrated its 200th!

QCOSTARICA  - The 200 years of the Independence of...

Legislator Melvin Núñez, who rejected the vaccine, hospitalized

QCOSTARICA - Restauración Nacional party legislator, Melvin Núñez, who...
Paying the bills

Share

The Ruta 27 is a 76 kilometre road berween San Jose and the Pacific coast of Puntarenas, operated under concession by Globalvia, was officially opened in January 2010.
The Ruta 27 is a 78.6 kilometre road between San Jose and the Port of Caldera, Puntarenas on the Pacific coast is operated under concession by Globalvia.

(QCOSTARICA) FCC and Bankvia have agreed to sell Globalvia, the concessionaire of Ruta 27 (San Jose – Caldera), to Khazanah Nasional Berhad, the strategic investment fund of the Malaysian government, Khazanah Nasional Berhad, for €420 millon euros.

FCC and Spanish banking conglomerate Bankia are joint owners of the concession management firm, each with a 50% stake of Globalvia, established in 2007, a company that manages 31 projects in seven different countries, including railways, hospitals, ports and highways such as the toll San Jose – Caldera in Costa Rica.

- Advertisement -

FCC recently sold 25% of its shares to Mexican billionaire Carlos Slim in an effort to reduce its debt burden.

The transaction is subject to a series of conditions that could result in the suspension of the agreement. These include the attainment of third-party approvals, as well as the agreement of holders of US$830m in bonds to convert them into Globalvia shares.

According to a statement to the press by the local subsidiary, “the acquisition is not yet firm and will not affect in any way the management and operation of the Ruta 27.”

Last week, Minister of Transport, Carlos Segnini, said the government will accept the road in its present condition (not fully complete), in order to pave the way for future expansion. Segnini said that by accepting the project as complete, the government can now enter negotiations for the expansion of the highway to four lanes.

Meanwhile, the government maintains a dispute with Globalvia, the case before an arbitration court, the government claiming US$44 million dollars in recognition of the increase in prices since 200 when the work was concessioned and the start of construction in 2008.

Globalvia has a 25 year and six month concession contract for the 78.6 kilometre road between San Jose and the Port of Caldera, Puntarenas, beginning in 2008. The road was officially inaugurated in January 2010 and opened months later*.

- Advertisement -

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"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

Legislator proposes the creation of an updated registry of pedophiles

QCOSTARICA - With the intention of protecting minors, a bill proposed...

Canada donates 319,000 vaccines to Costa Rica

QCOSTARICA - The Government of Canada confirmed the donation of 319,000...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

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.