Region: Latin America and Caribbean (LAC)
Country: Costa Rica
Sector: Transportation
Keywords: PPPs by Sector *, PPPs for Transport **, Costa Rica, Concession, Road
Document Summary:
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Document Details:
The agreement is for the duration of 25 years (renewable for another 25 years for public interest reasons). All risks are assumed by the private sector; in consequence, the full revenues go to the private sector - ie, toll revenues, commercial revenues and revenues from services rendered to third parties. The agreement provides for an optional “Guaranteed Minimum Income” (GMI) mechanism for the first 10 years of operation (clause 8.11) following the same guidelines as the contract above. The State of Costa Rica provides the land for the works (clause 1.5).
Updated: