Costa Rica signs $1 billion concession
The Costa Rican government signed a $1 billion concession with the Dutch company APM Terminals to construct a new port terminal in the Caribbean town of Moín on Tuesday. It was the largest concession contract ever signed in Costa Rican history.
Construction on the new terminal will begin in 2013, with an expected completion date of 2016. The terminal will be used primarily to ship and receive large containers. It will be equipped with 13 cranes and a six-slip platform large enough to dock Post-Panamax ships carrying 5,000-12,000 containers.
APM will conduct land surveys and design building plans during the next 18 months.
President Laura Chinchilla lauded the investment, saying it will bring employment and improve national infrastructure. The project will create an estimated 2,000 direct jobs and 8,000 indirect jobs, Chinchilla said. Representatives from APM Terminals said most of the workers for the project will be hired locally.
You may be interested
Mexico opens border to women and children from migrant caravanAFP - October 20, 2018
Mexican authorities on Saturday allowed dozens of women and children from the Honduran migrant caravan to pass into its territory,…
Venezuela accuses Costa Rica of ‘subordination’ to U.S.AFP - October 20, 2018
Venezuela criticized Costa Rica this week for expressing support for several countries that have asked the International Criminal Court (ICC)…
Lifeguards call for help in Costa Rica: support their work in OsaPerry Gladstone - October 20, 2018
Over the last four years, the Lifeguards of Costa Ballena have performed 240 in-water rescues, administered first aid 100 times…