Saturday 12 July 2008, San José, Costa Rica

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Recope Asks For Yet Even Higher Gasoline Prices
Fewer Traffic Accidents in San José Attributed To The Vehicular Restrictions
President Arias Announces The Elimination of Toll Booths
Cellular Customers Have To Wait Until Next Year For New Lines
Exchange Rate Moves ¢6 Colones Overnight, Hitting A Record Sell Rate High of ¢528
Strong Economic Adjustment Coming

President Arias Announces The Elimination of Toll Booths
Costa Rican president, announced following a cabinet meeting held in Pacayas, Cartago, the elimination of toll booths on the autopistas General Cañas, Próspero Fernández, Florencio del Castillo, adn the carretera a Limón. The move is eliminated the congestion at the toll booths in an effort to save on gasoline consumption.

According to the prez, the toll booths provide a source of revenue of ¢4.3 billion colones, however, the amount of gasoline wasted by vehicles daily due to congestion caused by the toll booths is much higher than the tax revenue generated.

"I will see which is the easiest mechanism to eliminate the toll booths. If it is by decree, it will be easiest and will be done. I can only hope there is no legal stumbling block for the removal, because it is convenient for the country. If there is a legal obstacle, I am sure we can overcome it", said Arias.

Taking a shot at legislators, the pres said that if the law has to be changed to eliminate the tolls, it will never get done, as the Legislative Assembly "is very difficult to come to agreement on anything".

Arias said that the state will lose a source of revenue, but the move is good for all Costa Ricans and the national economy.

The president added that the Conavi would be compensated for the loss in revenue and would be asking the Ministro de Hacienda (Revenue minister), Guillermo Zuñiga, to find a way to ensure the funding for the road maintenance programs the toll booth revenue is used for.

President Arias also took a moment to confirm that his Bruno Stagno, ministro de Relaciones Exteriores (Foreign Affairs) and the ministro del Ambiente (Environment), Roberto Robles, left on Friday for Maracaibo, Venezuela, to take part in the Petrocaribe meeting. Accompanying the ministers is the president of the state refinery, the Refinadora Costarricense de Petróleo (Recope), José León Desanti. Costa Rica is taking part in the meeting as an observer.

Arias added that today he will be meeting with legislative deputies of the Liberación party to learn of any proposals they have substitute the program to subsidize diesel fuel prices, a proposal before the Legislative Assembly that is having a tough time getting the required approval.
 
 

 

 

 
 

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