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Costa Rica still failing to cash in on $850 million on credits for roads

Tuesday, July 26, 2011


\ In one year, the government of Costa Rica has spent only $18 million of the $850 million credit facility from the Inter-American Development Bank that was earmarked for roads.\ \ In July of last year, legislators approved the use of the $350 million first tranche of the credit.\ \ The only project now underway, however, is the construction of nine bridges. Meanwhile, Costa Rica has some of the worst roads in the world.\ \ \ \ Original source (in Spanish): La República\ \ \ \ \