Monday 29 May 2023

South Korea company to conduct Costa Rica rail feasibility study

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27 May 2023 - At The Banks - Source: BCCR

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QCOSTARICA – Korea National Railway (KR) will conduct a feasibility study for the restoration of 98.3km of Costa Rica’s San José-Puntarenas rail line.

The study will be conducted together with Costa Rica’s railway, the Instituto Costarricense de Ferrocarril (INCOFER), and in partnership with Dongil Engineering and Soosung Engineering and Consulting.

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The aim of restoring the line is to ease traffic congestion in the capital’s metropolitan area, as the line would run through several areas that home to many who work in San Jose.

The Inter-American Development Bank (IDB) financed a railway consulting project in 2019, which also involved Korea National Railway.

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And the Central American Bank for Economic integration (Cabei) has already approved a US$550 million loan for the tendering of a US$1.5 billion interurban train. But congressional approval of the loan has been pending since May 2020 as the Limón electric freight train has emerged as an alternative.

Earlier this month, the INCOFER took delivery of eight self-propelled trains from China’s CRRC Qingdao Sifang for US$32.7 million. Although these units are diesel powered, the aim is to move to electric transport as part of a national decarbonization drive.

South Korea is also involved in public transport projects in Guatemala, including the US$770 million MetroRiel light train project.

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