Conavi

A US$498 million loan will help pay for Costa Rica road works.

More road repairs are required in Costa Rica to improve the national network. A new report from Costa Rica’s Treasury Inspector's Office (CGR) criticises the country’s national road authority, Consejo Nacional de Vialidad (Conavi), for carrying out inadequate road maintenance and conservation works. According to CGR, road maintenance works carried out by Conavi scored just 64%. On a more positive note, the report said that around 77% of Costa Rica’s roads are 'in good functional and structural' condition.

Costa Rica is moving ahead with a series of major road projects, but progress is proving slower than anticipated or desired. The Costa Rica Government is struggling to achieve satisfactory progress with its overall road improvement programme. So far the key focus has been on maintaining existing links rather than building and improving road connections. The country’s National Laboratory for Structural Material and Models (Lanamme) has produced a report revealing that 85% of the national roads are in accepta

Amid concerns over the efficiency of Costa Rica’s highways agency Conavi, the authority has been given more time to provide details on expansion of Route 32, according to the La Republica newspaper. Conavi has been at loggerheads with the Treasury Inspector's Office which wants Conavi to move faster and authorise a contract for the expansion of road between Rio Frio and Limon granted to China Harbour Engineering Company. China Harbour has been requesting further details about the US$395 million projec

Costa Rica’s road agency Conavi has extended the deadline and increase funds by $154 million for road repair and maintenance contracts. Contracts will be extended for the companies involved which include Constructora Meco, Grupo Orosi, Quebradores del Sur, Constructora Hernan Solis and Conansa. The Treasury Inspector's Office made the announcement, according to El Pais newspaper. Meanwhile, four banks are considering an investment in the 60km San Jose-San Ramon Road Expansion Project. They include

Construction of the Interamericana Norte highway in Costa Rica is said to be proceeding on track. Work is being carried out on the 50km Canas-Liberia section of the project. The Ministry of Public Works and Transport (MOPT) says that studies for the Canas-Limonal stretch of the new highway have been completed. The studies will then have to be submitted before the country's road authority Conavi to commence the tender process. A contract is expected to be granted by the middle of 2015. Funding could be provi

The Costa Rican Government is paying compensation worth US$28.4 million for the cancellation of a highway concession package. The compensation relates to the San José-San Ramón highway concession and is being paid to the Brazilian construction company OAS, reports Business News Americas. This follows a legal dispute over the project and is some $10 million less than OAS originally claimed in compensation. The 30 year concession package was cancelled last year due to opposition. There were allegations of a c

Loans worth US$200 million from the Inter-American Development Bank (IADB) will be used in Costa Rica for road projects.

Costa Rica's road network requires further investments to prevent it from worsening. According to data from the Ministry of Public Works and Transport (MOPT) some US$200 million/month is required to tackle the issue.