CABEI and INCOFER agree to modernize Costa Rica’s rail network
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CABEI and INCOFER agree to modernize Costa Rica’s rail network

CABEI and INCOFER agree to modernize Costa Rica’s rail network

The Central American Bank for Economic Integration (CABEI) signed a memorandum of understanding with the Costa Rican Railway Institute (INCOFER) with the aim of developing strategies for the definition of regional railway projects and providing financing for such potential projects.

The agreement will facilitate and promote advice sharing and knowledge transfer between the Costa Rican railway sector and CABEI in order to be replicated in other Central American countries.

CABEI Executive President Dr. Dante Mossi stated that, “In the framework of the PRECOP25 inauguration and in line with its efforts of becoming a leading country in environmental matters through its Decarbonization plan, CABEI is pleased to support the country and INCOFER in the development of an electric passenger train for the greater metropolitan area.”

He added that, “Through this memorandum of understanding, we reaffirm our social and environmental commitment by supporting INCOFER in the development of the Electric Train, not only in the project’s public component, but also in its private one in order to ensure its achievement, which will greatly benefit Costa Rican inhabitants.”

With regard to the agreement, CABEI’s goal is to provide integral support to the Greater Metropolitan Area Electric Train project by providing funding to the Central Government to finance the national counterpart in the project’s development, while offering advice and financing to the concessionaire that results winner of the project tender process; this will guarantee a more effective and expeditious financial closing.

CABEI and INCOFER agree to modernize Costa Rica's rail network
The agreement was signed by INCOFER President, Elizabeth Briceño, and CABEI Executive President, Dr. Dante Mossi.

Over the last decade, CABEI has been the main financier of road and hospital infrastructure throughout the entire Central American region.

By means of its financing of the Electric Train in Costa Rica, it seeks to become the main ally of the countries of the area regarding railway project development.

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Post source : Central American Bank for Economic Integration

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Anthony has worked in the construction industry for many years and looks forward to bringing you news and stories on the highways industry from all over the world.

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