10th March 2006
It was announced today in La Nación, Costa Rica’s largest newspaper that the Consejo Nacional de Concesiones (CNC) had signed an agreement yesterday with a company called Autopistas del Sol to assume the work on the new Costa Rica highway on a concession basis.
Autopistas del Sol also paid a US$19 million garantia de cumplimiento as a pledge to complete the $150 million new highway.
The article clearly states that the project should be finished by the end of 2007 or the middle of 2008 which would be 12-18 months but then, the very next sentence states that construction will take two years(?)
Autopistas del Sol plans to recoup their investment over a 25 year period with SEVEN toll booths along the route. The anticipated toll for the entire journey is 1,360 colones which at today’s rate of exchange is about US$2.70 – For shorter legs, the toll will be less.
The Autopistas del Sol concession is made up of four different entities:
- FCC Construcción. Is part of the 100 year old Spanish FCC group operating in Europe, USA and Brazil.
- Itinere Infraestructuras. Is part of the Spanish Sacyr Vallehermoso group who have highway concessions in Spain and Chile.
- Soares Da Costa Concessões. Is an 80 year old company, one of the largest companies in Portugal operating in Europe, USA and Africa. .
- Corporación M&S Internacional. Is a Costa Rican firm with works in Nicaragua, Panama, El Salvador, Guatemala, Belize and of course Costa Rica.
For a more detailed look at the long, drawn out history of this highway please visit Costa Rica’s ‘New’ Highway from San Jose to the Pacific Coast at Caldera
Our thanks to and our friends at La Nación – Costa Rica’s largest Spanish circulation newspaper for their permission use their image.