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Costa Rica passes bill to jump start electric train

Thursday, June 9, 2016

Costa Rica’s publicly-owned rail company has been given the green light to contract with private companies to create an electric rail system that the government hopes will help the country reduce carbon emissions and ease pressure on the country’s desperately choked roadways.

The Legislative Assembly passed a long-awaited bill on Tuesday designed to modernize the Costa Rican Railroad Institute and allow it to incur debt equivalent to up to 40 percent of its assets to build an electric train system.

Source: Tico Times