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

Countries
  • Costa Rica
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
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 1, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Costa Rica and Banco Centroamericano de Integración Económica (BCIE)
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 271.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, converted to USD$. 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, converted to USD$. 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, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ GCF website

Updated in EWS Jul 5, 2021

Disclosed by Bank Feb 17, 2021


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Project 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
  • Green Climate Fund (GCF)
Contact Information

GCF CONTACTS

 

General media inquiries

 

GCF Communications
PHONE +82 32 4458 6338 (KST)
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GCF Information Disclosure
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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