Costa Rica green lights highway funding from China

Costa Rica green lights highway funding from China

Costa Rica China Loans Project & Infrastructure Finance Bonds

Costa Rica has approved plans for China to provide financing for the expansion of national highway Ruta 32, according to a government statement.The Chinese government will fund $395m of the $495m project, while Costa Rica will contribute the remaining $100m.Costa Rica's national highway agency Conavi and China Harbour Engineering Company (CHEC) signed a contract to widen a 107km stretch of Ruta 32 to four lanes and build 26km of access roads and five intersections, including two at the port term

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