No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveBillion-dollar Moín port deal hits snag

Billion-dollar Moín port deal hits snag

Plans to build a $1 billion shipping terminal at the Caribbean port of Moín may have hit a snag.

A legislative commission examining the details of the deal, which was signed in August with the Dutch company APM Terminals and which represents the single largest concession contract ever signed in Costa Rica, issued a report Thursday recommending that Comptroller General of the Republic, Rocío Aguilar, not approve the deal, the daily La Nación reported.

Plans for the port include 13 cranes and a six-slip shipping dock large enough to accommodate Post-Panamax ships, which are capable of carrying about 5,000 to 12,000 shipping containers. In August, President Laura Chinchilla said the project would generate approximately 10,000 direct and indirect jobs, most of which, according to APM Terminals representatives, would be hired locally.

If approved, construction for the port is slated to begin by 2013 and be completed by 2016.

The reasons given by the commission for delaying approval of the project are two administrative complaints filed against the concession by the National Banana Workers Chamber and the Atlantic Port Authority’s union, which are still pending resolution.

To move ahead on the project with the complaints still pending could lead to lawsuits or nullification actions resulting in claims of millions of dollars against the state, according to the commission.

Members of the National Liberation Party (PLN) issued a report of their own on Wednesday urging approval of the port plan.

The concession, said Fabio Molina Rojas, a PLN legislator, will “strengthen the country’s development not only because we will operate more efficiently, but also because we will generate many jobs.”

The Comptroller General has until Oct. 21 to approve or reject the plan.

Trending Now

2025 Gold Cup: Honduras Advances After Dramatic Shootout, Mexico Ends Goal Drought

Honduras, with a surprising and dramatic penalty shootout victory over Panama, and Mexico, with a lackluster win against Saudi Arabia, advanced Saturday to the...

Costa Rica’s Pride March 2025 Defies Restrictions and Celebrates Diversity

A large crowd gathered in Paseo Colón, San José, to participate in the LGBTIQ+ Pride March 2025. It began at noon, as people marched...

An Expat’s Take: 5 Burning Questions About Life in Costa Rica Right Now

Have you been keeping up with the various events taking place in Costa Rica? There is always something interesting going down, and here are...

Costa Rica Identified as Key Maritime Route for Cocaine Trafficking

Costa Rica appears among the main maritime and aerial routes for cocaine trafficking between South and North America, according to the World Drug Report 2025 published...

Costa Rica Green Hotels Lead Global Sustainable Tourism

Costa Rica’s reputation as a leader in sustainable tourism grows stronger every year, with our green hotels setting a high bar for eco-conscious hospitality...

Costa Rica’s Piangua Mollusk Threatened by Pineapple Farm Runoff

Costa Rica’s Térraba-Sierpe National Wetland, a 33,000-hectare haven of mangroves and rivers, is under siege from an unlikely source: pineapple farms. A study by...
Avatar
spot_img
Costa Rica Tours
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