📋 Tender Overview
IFC a member of the World Bank Group is providing the Municipality of San Jos Costa Rica with 12 million in financing to support the renovation of key infrastructure in the Costa Rican capital. The project is part of the citys efforts to improve the quality of life of its inhabitants attract new residents and businesses as well as optimize access to urban services.IFCs investment will help revitalize three main road corridors in the city and rehabilitate storm water drainage systems in flood-prone areas supporting San Joss efforts to become a more sustainable and resilient city. IFC will also provide advisory services to San Jos helping the municipality improve urban mobility encourage the construction of green buildings and strengthen its capacity to deliver services. This investment is an important part of San Joss transformation plan which will also contribute to the economic recovery of the municipality and the country said Johnny Araya the Mayor of San Jos. By improving our infrastructure we can continue to attract innovative companies boost commercial and housing real estate development and increase the citys income allowing it to invest in the well-being of Josefinos.The financing from IFC is part of the institutions Cities Program in Latin America and the Caribbean. Gabriel Goldschmidt IFC director for Latin America and the Caribbean said the partnership demonstrated IFCs commitment to continue to support the private sector and municipalities in the region. Our strategic alliance with the city of San Jos includes a combination of financing and advice that seeks to make San Jos a sustainable city. For IFC San Jos is just the first step in our strategy of working with Central American cities. We hope to replicate this successful experience soon in other cities in the region Goldschmidt added.Eighty percent of the worlds GDP is concentrated in cities and in Latin America cities are home to 80 percent of people. Through its Cities Program IFC helps municipal leaders build inclusive safe and sustainable cities that open new markets and create opportunities for all.
