Costa Rica’s Puerto Caldera Modernization Moves Ahead After Appeal Rejected
Costa Rica’s long-delayed plan to modernize Puerto Caldera cleared a major hurdle this week after two appeals against the contract award were rejected, allowing officials to move toward signing the new concession contract for the country’s main Pacific cargo port. The decision confirms the award to Consorcio Sunset, the group selected for the concession to modernize Puerto Caldera’s infrastructure and equipment. The project is one of Costa Rica’s most important logistics upgrades and is expected to require an investment of more than $600 million. Puerto Caldera handles a large share of the cargo moving through Costa Rica’s Pacific coast, including imports, exports, grains, vehicles and other goods tied directly to the national economy. Business groups have warned for years that the port’s limited capacity and aging infrastructure add delays and costs to trade. The appeals were filed by International Container Terminal Services, Inc., known as ICTSI, which had challenged it...