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A law authorizes the construction of public works through trusts

January 18, 2017 by Staff News Writer

The Legislative Assembly passed, in first reading, a bill that authorizes the construction of public works through trusts.

The initiative, proposed by legislator Humberto Vargas, received 45 votes in favor and 1 against (legislator Ligia Fallas).

The proposal empowers the Ministry of Public Works and Transport (MOPT) and the National Road Council (CONAVI) to set up public interest trusts with commercial state banks to plan, design, build, operate and maintain transport infrastructure.

However, it excludes the Costa Rican Raiload Institute (INCOFER) because the measure was incorporated in the law to strengthen the entity, approved last year.

The project is based on the experience the country has had in the implementation of Law 9292, which authorized the trust for San José-San Ramón Highway.

The trust contracts will be countersigned by the Comptroller General of the Republic.

crhoy.com

Related articles:

  1. 12 new roadworks on route 27 with $10 million trust
  2. A bill aims to authorize CONAVI to provide maintainance services to minor works
  3. The construction of a pedestrian bridge in La Galera will start today
  4. A bill aims to regulate the size, color and placement of advertisements on public roads
  5. ICE could be in charge of the public works in Naranjo-Florencia route
  6. Legislator González: “authorities from the Ministry of Public Works are incompetent”

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