Tuesday 15 June 2021

Optimistic Outlook For Costa Rica’s Public Works Projects

In Costa Rica, investments in the construction of highways, roads and bridges are forecast to grow in 2019 and 2020, by 47% and 10%, respectively.

The 2019-2020 Macroeconomic Program of the Central Bank of Costa Rica (BCCR), explains that by 2019, the acceleration in the development of road infrastructure projects will be the main engine of growth in public investment.

Phot o from El Financiero

- Advertisement -

The Central Bank document explains that “… By 2020 there are no new works of the same dimension as those of the previous year that allow maintaining a high growth of investment in infrastructure, so it is projected a contraction in public investment.”

According to figures projected by the BCCR during 2019, US$790 million will be invested in the construction of highways, roads and bridges, an amount that would be 47% higher than the US$540 million reported in 2018.

An investment of US$868 million is forecast for 2020.

Elfinancierocr.com reports “… Public investment will rebound in 2019, mainly in the expectation that some road infrastructure projects will be executed. In particular, the start of the Rehabilitation and Expansion Project of National Route No. 32, as well as the execution of projects contemplated in the Transport Infrastructure Program and the Second Stage of the Cantonal Road Network.”

- Advertisement -

 

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Related Articles

Bribed with cars, sexual favors and money in exchange for road works contracts

QCOSTARICA - The OIJ uncovered a big pothole on Monday when...

Simple to request certification of vaccines against covid-19 applied in Costa Rica and abroad

QCOSTARICA - The Ministry of Health issued a new guideline on...

MOST READ

COVID vaccines in the workplace: Can I ask who got their shots?

(DW) Jon works for the local government in the US state of Virginia. The 40-year-old received both his COVID shots in April. Most of...

Today’s Vehicle Restriction: June 12, “ODDS”

Today, Saturday, June 12, only ODDS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

eHow to Become Successful in Online Casino Betting 

To become a successful gambler in the online industry, there is a lot to cover. It can be known to be a vastly different...

Which countries could follow El Salvador by making it legal tender?

Q24N - El Salvador may be the first country to adopt bitcoin as legal tender, but recent developments suggest that it might not be...

Today’s Vehicle Restriction: June 13, “EVENS”

Today, Sunday, June 13, only EVENS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

Opinion: Peru’s electoral drama is damaging democracy

Q REPORTS (DW) In Peru, the left-wing village school teacher Pedro Castillo has in all probability been elected the new president. The fact that...

El Salvador Makes Bitcoin Legal Tender, A World First

Q24N (Reuters) El Salvador has become the first country in the world to adopt bitcoin as legal tender after Congress approved President Nayib Bukele's...

Estadio Nacional

QCOSTARICA - The multipurpose national stadium, the first modern sport and event arena to be built in Central America, located La Sabana. The stadium was...

Central America is back in the news for the wrong reasons, Costa Rica is once again the exception

QCOSTARICA - Osta Rica has been the epicenter of regional diplomacy in recent days. The successive visits of the Secretary of State of the...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.