• Costa Rica Real Estate

After 30-Year Delay Caldera Project Starts

January 11, 2008

The money’s in, the equipment is onsite, and the government has handed out the concession.

It’s been a 30-year wait, but the long-delayed Caldera highway that would connect San José in a nearly straight shot to the Pacific Ocean may finally be on its way.

Luis Diego Vargas, vice minister of the National Concessions Council, told daily La Nación that construction started on Wednesday.

With a $230 million loan from the Central American Bank for Economic Integration in pocket, concessionaire Autopistas del Sol has 30 months to complete the 77-kilometer highway.

With a 30-year wait to get to this point, however, Vargas warned that other hangups could still lie ahead.

“Every project can experience unforeseen weather, or economic (complications), like an extreme increase in materials costs,” he said.

“But the political and economic outlooks say that the plan will go ahead without delays.”

 

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