Costa Rica News – I guess someone needs to start taking responsibility for the roads in Costa Rica as MOPT cannot seem to handle it.
INS, the National Insurance Institute, is interested in investing $500 million in roads. The condition it would apply is that Conavi would have to present mature projects and recover the money through tolls. It seems a great option to deal with the shortage of money available to build roads.
What is meant by “mature projects” is that the cost is clear and the needed studies and pre-design phases have been completed. Clarity is also needed in the financial planning so that details, like how long it will take to repay the investment, are clear.
INS only makes investments that are sure to be successful. The institute cannot risk staying years in a project that doesn’t progress or become successful and profitable, according to Elian Villegas, executive president of the Institute.
INS can offer very favorable conditions due to being a public insurer and having to transfer benefits to the people. Until now, the country has been wasting the investment portfolio meant to build roads.