Progress in the preparation of the Electric Train project in Costa Rica

San José, September 25, 2019.- A mission of the Central American Bank for Economic Integration (CABEI) held a working meeting involving the Electric Train project with the representatives of the Executing Unit of the Costa Rican Railways Institute (INCOFER) and of the company IDOM, which is responsible for carrying out the project's feasibility studies.

During the meeting, officials from the project formulation area, infrastructure and energy sector specialists, as well as the project supervision, credit, environmental, social and project financial structuring areas learned about its environmental and social progress.

The following steps established in the road map were also carried out based on the findings materialized to date through the different components of the feasibility studies that are progressing according to the timetable, which allows for the streamlining of the work.

Feasibility studies have been funded with non-reimbursable cooperation from CABEI at the request of the Government of Costa Rica.

In this regard, CABEI Country Manager for Costa Rica, Mauricio Chacón, stated that, “The Bank and its collaborators are committed to supporting the efforts that Costa Rica is making to have a first-class, efficient, safe and environmentally friendly passenger transportation system." He also added that, "By means of these work missions, we seek to highlight our commitment in support of the different project phases.”