In times of pandemic, fiscal crisis, closed businesses, reduced tax collection, and much uncertainty, the Costa Rican government remains adamant and stubborn about what appears to be its flagship project, an electric train for which it is processing a loan of $ 550,000,000. .
The government’s justification for the importance of the project is in the reduction of hydrocarbon emissions, however the beneficial impact of its function is limited to a handful of GAM cantons, while the rest of the country will also be forced to pay for It receives or does not receive direct benefits from the train.
The entity that would transfer the money for the work is CABEI, according to government studies with the Electric Passenger Train, a reduction of 3% to 6% of vehicles in the road network is expected, which represents 29 million fewer trips per year and a significant decrease in the oil bill and road congestion.
In the words of Carlos Alvarado, “CABEI approved the financing for the project. The credit will have a five-year grace period and will be sent to the Legislative Assembly for approval in the coming months ”,
The loan will be paid after the first 5 years of operation and must be repaid within 25 years. The Ministry of Finance at the appearance before the Legislative Assembly was not able to justify the reason and importance of the spending in front of the prevailing needs of different sectors of the population that after the pandemic see it with great difficulty to make ends meet.