CABEI-financed Road Infrastructure Works in San José show Solid Progress despite Pandemic

Costa Rica, July 03, 2020. The Circunvalación Norte road infrastructure project in the city of San José is one of the largest projects ever carried out in Costa Rica. The works, which are financed by the Central American Bank for Economic Integration (CABEI), are being executed solidly and without complications despite the worldwide difficulties caused by the pandemic.

The project has financial support of up to US$163 million from CABEI in four of the five functional units which compose it and interconnect the high road traffic districts of the Greater Metropolitan Area (GAM).

During the last two weeks, CABEI Country Manager, Mauricio Chacón, participated together with government authorities in acts that represent milestones for the work, which is 68% complete. The acts included the placement of the last beam in the three level overpass of Functional Unit IV, which is 79% complete, and the start of works in section IIB of Functional Unit II.

CABEI Executive President Dr. Dante Mossi stated that, “We are pleased to know that, despite the adverse circumstances that our region is currently undergoing, works that have been expected for more than 30 years, such as Circunvalación Norte, are still a reality and that the Strategic Road Infrastructure Works Program funded by CABEI continues to move forward smoothly."

In December 2019, CABEI approved the expansion of financing to the Government of Costa Rica for an amount of up to US$90.05 million for Functional Unit V and the rehabilitation of the Bridge over the Virilla River on National Route 32. The first work awaits the endorsement of the country's Comptroller General Office to begin execution, while the second work presents progress of more than 85% and is expected to be open by September.