Costa Rica secures $550 million for electric passenger train

The Central American Bank for Economic Integration (CABEI) has approved a US$550 million loan to the government of Costa Rica toward development of an electric passenger train for the Great Metropolitan Area (GAM), running from Cartago to Alajuela. The estimated US$1.3 billion total needed for infrastructure and equipment will be funded via a PPP that includes CABEI’s contribution. The Electric Passenger Train is expected to improve transportation costs and congestion, while reducing the country’s carbon emissions in accordance with the government’s ambitious plan to be the world’s first carbon-neutral country by 2021.