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Wednesday 06  February 2008

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San José Airport Completion Continues Grounded
Directory War As ICE Takes Action Against Competition in Yellow Pages Directory
Another Round of Gas Hikes Approved
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IN BRIEF...


San José Airport Completion Continues Grounded
The Juan Santamaría (San José) international airport sits half finished as the government and the airport manager, Alterra Partners, continue a dispute over construction costs and financing.

Yesterday, the ministra de Obras Públicas y Transportes, Karla González, gave Alterra three months to present a new plan for the completion of the airport after Alterra's financing fell through.

"In good faith we are going to look at two things: that Alterra's proposal is serious and definitive and that the construction completion of the airport will be as we have been negotiating", said González in a press conference.

The announcement by the government came after the decision of the Banco Centroamericano de Integración Económica (BCIE) that it would not finance the completion work at the airport.

The bank said it will distance itself from the project after months of negotiations with Alterra. The bank says that Alterra is us$90 million dollars in debt over the construction and wants no part of it.

Alterra investors are expected to be in Costa Rica to offer the government a plan or in search of an alternative to complete the airport.

Important is that all of this bantering between Alterra and the government will have no effect on users of the airport - travellers coming and going from the Santamaría, as the problem has never been one of operation, but rather construction, according to Monica Angel, representing Alterra.

"What we have in front of us is a paralyzed project due to the lack of financing and of course Alterra's incompletion", said Viviana Martín, president of the Consejo Técnico de Aviación Civil (CETAC) - civil aviation - and vice minister of Transportes.

The government opted to give Alterra three months to find a solution to the problem rather than taking over the project itself as it had threatened in the past and reiterated by Martín again yesterday.

 
 

 

 

 
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