Lawmakers OK San Ramón financing plan

Lawmakers have approved a trust arrangement to provide financing for the proposed San José- San Ramón highway. There were no negative votes.

The measure authorizes the executive branch to create the trust, called a fideicomiso in Spanish, to capture financing from any sources available.

The proposal also calls for the reconstruction of the General Cañas and Bernardo Soto highways from the current six to eight lanes to Juan Santamaría airport. After that the highway will be six lanes where it is now two lanes in some parts.

The road project originally was granted as a concession, but residents along the route protested vigorously that the proposed tolls would be too high. The Laura Chinchilla administration payed off the concession holder.

The new design is around $440 million, although the agreement approved Tuesday does not give a number.

The measure needs one more positive vote to go to the president for signatures.

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