LatinNews Daily - 15 December 2022

*The Central American development bank (BCIE) has announced that it has approved an “historic” US$700m loan for Costa Rica for infrastructure reconstruction following recent weather events, including hurricane Julia which struck in October. The “Emergency Programme for Integral and Resilient Infrastructure Reconstruction” contemplates at least 2,500 investments to benefit 3.8m Costa Ricans, “including 150 vulnerable points of highways in different routes of the country, and others affected by sloping, subsidence, deformations; as well as the rehabilitation and/or replacement of 82 bridges in poor condition and the installation of modular bridges”, according to a BCIE press release. It cites BCIE president Dante Mossi as saying that the funds will be used to provide homes for over 6,000 people, new classrooms for more than 11,000 students, and safe roads and bridges for all Costa Ricans, as well as generating more than 9,000 sources of temporary employment during the execution of the various projects. The repair or reconstruction of 36 schools located in 28 cantons is also foreseen while 40 bridges between trusses and beams on the railway line will be repaired. According to the BCIE the project “includes 32 structures, including bridges (22), tracks (9), and a passenger train tunnel in the Greater Metropolitan Area (GAM), as well as water systems, sewers and fords, and mitigation works in rivers and streams, among others”.

End of preview - This article contains approximately 228 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial