$170 Million Approved for Inter-American Highway

October 20, 2006

Public Works and Transport Minister Karla González on Wednesday signed a contract that will allow the National Roadway Council (CONAVI) to use a $170 million loan to refurbish and maintain the northern stretch of the

Inter-American Highway

, according to a statement from the Public Works and Transport Ministry (MOPT). This road connects San José with the northwestern province of Guanacaste and Nicaragua.

The $170 million loan, which came from the Central American Economic Integration Bank (BCIE), will also be used to carry out other road repair projects.

The contract must now be sent to the Comptroller General’s Office for approval.

“This project has two stages: design and construction, which will take three to four years, which is why the funds should be freed up by the end of this year,” González said.

 

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