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Costa Rica ends highway deal with Brazil's OAS

Tuesday, December 3, 2013

Costa Rica's Government compensated Brazil's OAS with $35 million for the termination of a highway expansion concession, Costa Rican daily La República reported.

There are now two proposals to finish the highway expansion, one which would seek to create a trust fund with the Costa Rican National Insurance Institute and pension operators.

The other proposal is to launch an international tender, which would allow for cheaper highway tolls.

Full story (in Spanish)