China sets condition over funding of Cota Rica’s 70km Limon road
First publishedon www.WorldHighways.com
China is reported to be willing to fund the construction of the Limon road in Costa Rica, on the condition that a Chinese company is responsible for the key infrastructure project.
It is understood that China would grant a 20-year loan of US$ 400 million, with a low interest rate, if their condition is met. The Congress of Costa Rica is expected to decide on the matter in November 2012.
The Limon road project involves the expansion from two to four lanes of the 70km road from Rio Frio to Limon, and the development of flyovers, pedestrian bridges, and cycle lanes. It is expected to be carried out over the next two to three years.