A feasibility study has been submitted by the mayor of the capital of Costa Rica which sets the required investment at $220 million.

The French government provided the $700,000 in funds, the cost of the feasibility analysis for the proposed operation of tram transportation along a 10 kilometer stretch from the capital of Costa Rica.

There is still no government decision on how to finance the project, with the option being considered, among others, of equity financing and the granting in concession of the construction and system operation.

An article in Nacion.com reports that “the task of finding funding for the tram to once again pass through the capital’s streets was left to the second vice-president, Luis Liberman. The best method, says Liberman, is to ensure that the project is run as a turnkey project. At the same time, he stressed that there could awarded as an administration project, like the Juan Santamaria International Airport, although profits from the tram may be insufficient to support this method.”

Nevertheless, the vice president wants to clarify some doubts, such as who would bear the maintenance costs if there were not many passengers, as considered in the feasibility study.

“By Christmas or January we will make a decision on this project, “said Lieberman.”

Source: Nacion.com