EIB Global backs Costa Rica's first electric train with landmark $250 million loan
Costa Rica, Oct. 7 -- The EIB, through its development arm EIB Global, has signed a landmark $250 million loan to support the construction of Costa Rica's first electric train system. This marks the first EIB loan to the Republic of Costa Rica, the first EIB operation in the country in more than ten years, and the first project jointly financed with the Central American Bank for Economic Integration and the Green Climate Fund.The initiative will be implemented by INCOFER, Costa Rica's national railway authority, and is part of a broader strategic partnership under the European Union's Global Gateway initiative, which aims to foster sustainable and inclusive infrastructure worldwide.The project will deliver two double-track lines totalling o...
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