CABEI-financed large-scale road project soon to be inaugurated in Costa Rica.
Financial support of up to US$163 million will enable the execution of the Circunvalación Norte project in Costa Rica's capital city.
San José, Costa Rica, February 12, 2021. – The construction of the Circunvalación Norte highway in San José, Costa Rica, which is financed by the Central American Bank for Economic Integration (CABEI) and is considered one of the largest road works in the country, is in its final phase with an advance of more than 80%.
This large-scale project will have the country's longest viaduct, as well as the first three-level intersection, and is expected to be inaugurated in September, as announced by government authorities during an inspection visit in which CABEI Country Chief Officer, Mauricio Chacón, participated.
"It is of great satisfaction for CABEI to see how Costa Rica was able to materialize a large-scale project such as this one in a year, even with adverse conditions such as 2020, and that in a few months thousands of Costa Ricans will be able to use it, improving their quality of life by reducing transit time and environmental pollution," said CABEI Executive President Dr. Dante Mossi.
The project, which is part of CABEI's Strategic Road Infrastructure Projects Program, has financial support of up to US$163 million for four functional units and an additional US$70.5 million when Costa Rica received approval for an addendum for the construction of Functional Unit V.
This project will be complemented by the Zapote traffic circle overpass, which will be inaugurated in March 2020; the Guadalupe traffic circle, which is expected to start operating in April of this year; and the Bandera traffic circle, which has just begun its construction phase.