CABEI promotes Spain's support in transportation and mobility issues for Costa Rica


• At a meeting of transportation ministers in Madrid, the purchase of trains and investment in road infrastructure for the expansion of Routes 1 and 27 were discussed.

San José, April 10, 2024. – As the bridge of opportunities between the region and the world, this week the Central American Bank for Economic Integration (CABEI) held a series of bilateral meetings between Spain's transport and mobility authorities and Costa Rica's new Minister of Public Works and Transport, Mauricio Batalla, to promote European cooperation in the development of important initiatives in this sector in the country.

In a meeting with the Ministry of Transportation and Sustainable Mobility in Madrid, Minister Batalla and the CABEI mission discussed the possibility that spanish companies could support two projects of great national relevance, such as the expansion of Route 1 (La Sabana - San Ramón de Alajuela), and Route 27 (La Sabana – Caldera), procurement of new trains for public transportation, as well as road management and monitoring, road safety cooperation, among others.

Among the meetings scheduled is one with Spain's Railway Association - Mafex, and the European Investment Bank (EIB), with whom discussions were held in November of last year regarding their possible support for the Fast Passenger Train project, beginning with the analysis to grant the resources required to complement the investment plan, as well as the possible contribution of an additional US$250 million to the CABEI loan of US$550 million.