No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveBrazilian company OAS wants Costa Rica to pay $45 million for highway...

Brazilian company OAS wants Costa Rica to pay $45 million for highway contract suspension

The Brazilian company OAS is seeking $45 million in compensation from the Costa Rican government for the termination of a contract to rebuild the highway between San José and the canton of San Ramón in Alajuela.

The request was made through a letter received Thursday by Casa Presidencial in which the company details expenses it has incurred in the process, including $33 million paid by OAS to a previous concession holder, Autopistas del Valle. The company also lists $900,000 in taxes and some $11 million in other expenses and investments dating back to March 29, 2012.

Planning Minister Roberto Gallardo said the National Concession Council is analyzing the OAS figures and will have a response on Monday.

Gallardo added that officials will ask OAS to submit all the necessary documents to substantiate their claims.

President Laura Chinchilla in April cancelled the concession after residents of San Ramón and outlying areas held several protests against the project, which would have charged $8 in round-trip tolls on the 58-kilometer highway for the next 30 years.

Trending Now

Panama Union Files Lawsuits Against Chiquita Over Mass Layoffs

Panama’s President, José Raúl Mulino, will meet in Brazil with U.S. banana company Chiquita Brands in search of an agreement for the company to...

US Cracks Down on Costa Rica’s Narco Network with New Sanctions

The US Treasury Department moved against a Costa Rican drug trafficking ring today sanctioning four individuals and two entities tied to cocaine smuggling and...

El Salvador Schools Enforce Military-Style Uniform Inspections

El Salvador's public schools will start enforcing daily inspections for students' uniforms and haircuts from August 20, as ordered by the new education minister,...

Nicaragua Hosts Historic 2025 AmeriCup Basketball Tournament

The 2025 AmeriCup, the men’s basketball Copa América, tips off this Friday in Nicaragua, marking the most significant international sporting event in the country’s...

Honduras agrees to receive migrants under new US deportation agreement

The US has signed a new deportation agreement with Honduras, allowing officials to send migrants from other countries there instead of keeping them in...

Costa Rica Replaces One-Lane Bridges as Traffic and Population Grow

As the infrastructure of Costa Rica advances, with new four-lane highways and a series of bypasses around San José that avoid the narrow, congested...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica