Light Rail Transit for the Metropolitan Area of San José (GAM) (GCF-FP166)

Countries
  • Costa Rica
Geographic location where the impacts of the investment may be experienced.
Specific Location
San Jose, Costa Rica
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 1, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Costa Rica and Banco Centroamericano de Integración Económica (BCIE)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Construction
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 271.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 21.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 1,873.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ GCF website

Updated in EWS May 16, 2022

Disclosed by Bank Feb 17, 2021


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project consist on a modern electrified railway that will improve and expand the National Railway Network, which connects several cities. The project will cover fifteen counties in four provinces and has forty-seven planned stops.

This project could provide a series of benefits to the community, including alleviating traffic and improving the quality of life of the population in the long term. The new transportation option would also increase the economic competitiveness of the metropolitan area. In addition, the project would create many jobs both during the construction phase and during the maintenance and operation phase. On the environmental side, the project would reduce air pollution due to the decrease in the number of cars on the road and reduce greenhouse gas emissions compared to the diesel used by the current train.

Regarding the potential negative effects of the project: the project has a high cost and will cause inconvenience to the local population during the construction phase. From an environmental point of view, construction will generate noise and air pollution, as well as greenhouse gas emissions. There will also be loss of vegetation to accommodate the expanded railroad.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

GCF CONTACTS

General media inquiries

GCF Communications
PHONE +82 32 4458 6338 (KST)

Request for information

GCF Information Disclosure
REQUEST INFORMATION ABOUT THIS PROJECT

ACCREDITED ENTITY

Central American Bank for Economic Integration 

Mr. Miguel Angel Méndez Castellanos
Head of Partnerships and International Cooperation Department
Boulevard Suyapa, Frente a la ENEE, Tegucigalpa, Honduras

Mr. Alberto Cabezón

Specialist of Green Funds Resource Mobilization, Partnerships and International Cooperation Department

Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, M.D.C., Honduras

PHONE +504 2240 2112
PHONE +504 9454 7995
ACABEZON@BCIE.ORG

NATIONAL DESIGNATED AUTHORITY

COSTA RICA 

Ministry of Environment and Energy

Her Excellency Andrea Meza Murillo
Minister of Environment and Energy
Calle 5. Av. 8-10, San José, Costa Rica

PHONE +(506) 22334533
PHONE +(506) 22571417
PHONE +(506) 22575456
ANDREA.MEZA@MINAE.GO.CR
DESPACHOMINAE@MINAE.GO.CR

Mrs. Norma Patricia Campos Mesén

Director of the Climate Change Directorate

Esquina Calle Ronda, Barrio Dent, Centro de Cambio Climático, San José, Costa Rica

PHONE +(506) 22564298
PHONE +(506) 83461513
CAMBIOCLIMATICO@MINAE.GO.CR
NPCM11@GMAIL.COM

How it works

How it works