Globalvia has presented its first proposal regarding extending Route 27 (San José-Caldera). It states a cost of $570 million. The need for the extension was evident since 2014.
This first economic model contains revenue and cost projections and information about toll increases and maintenance costs but this information has yet to be made public. It will likely change in negotiations.
The Government must now study a possible extension in the concession contract in order to keep state contribution and tolls down. Due to the fiscal condition of the country, it makes the most sense to seek a solution such as a longer concession rather than a larger state investment or unrealistically high tolls.
By the end of the year, a contract proposal should be sent to the Comptroller General of the Republic. Once the work starts it will take about four years to complete.
