Monday 29 May 2023

South Korea company to conduct Costa Rica rail feasibility study

Paying the bills


Costa Rica Fashion Week is gearing up for its 2023 edition

QCOSTARICA - Under the slogan "forever green", the Costa...

US Embassy San Jose will hold two ‘Super Saturdays’ in June

QCOSTARICA - The United States consulate in Costa Rica...

Rincón de la Vieja volcano had a “major eruption” this past weekend

QCOSTARICA - The Rincón de la Vieja volcano had...

Nicaragua continues to deny entry to Costa Ricans

QCOSTARICA - Around 100 Costa Rican tourists, in two...

Bill targeting organized crime a step closer to being law

QCOSTARICA - The bill against organized crime was approved...

Between 10 and 16 hurricanes to form in the Atlantic Ocean for the 2023 season

QCOSTARICA - The Atlantic hurricane season officially begins next...

OVSICORI: There is no evidence that the Barva Volcano is waking up

QCOSTARICA - The Observatorio Vulcanológico y Sismológico de Costa...

Dollar Exchange

¢541.41 BUY

¢546.88 SELL

27 May 2023 - At The Banks - Source: BCCR

Paying the bills


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.

- Advertisement -

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.

It may be of interest: The New Fines For Not Respecting The Train

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.

- Advertisement -
Paying the bills
Avatar photo
Q Costa Rica
Reports by QCR staff

Related Articles

Electric train project remains buried: alternative will await feasibility study

QCOSTARICA - The electric train project was buried, reported this Wednesday,...

Seven drivers will pay ¢105 million for crashing the new trains

QCOSTARICA - Seven drivers who collided with the new trains of...

Subscribe to our stories

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

%d bloggers like this: