Rail agency says its value is $1.02 billion

The nation’s rail agency said Tuesday that an inventory of its holdings shows that it has a value of $1.02 billion.

The agency is the  Instituto Costarricense de Ferrocarriles, which operates the valley train line.

The institute said that a complete inventory had not been done since 2000 and that the estimated worth was needed so that the Autoridad Reguladora de los Servicios Públicos could set rates.

The report also point out the way Costa Rican appraisal methods differ from world standards. The study by the  Centro de Investigación y Capacitación en Administración Pública at the Universidad de Costa Rica did a piece-by piece inventory and assigned values to each piece of real estate, rail line and even automobiles. The study did not address the gross and net income of the rail institute.

The last time that the inventory was done, the institute determined that its holdings were work about $69 million, so the new value is nearly 15 times as much.

This entry was posted in Costa Rica News. Bookmark the permalink.