Light Rail Transit for the Greater Metropolitan Area (GAM)

  • Mitigation
  • Approved
Date approved
01 Jul 2021
ESS Category
Category A
Financing
Public sector
Entity
Central American Bank for Economic Integration

Overview

Emissions from Costa Rica’s transport sector, contributing to 51 percent of the national total in 2015, is projected to increase by 44 percent by 2050 without mitigation measures. While Costa Ricans’ use of private cars and ride hailing services has been increasing, investment is required to reduce inefficiencies in the country’s public transport system. 

This project aims to install an 85 km double-track, electric light rail transit system in San José’s Greater Metropolitan Area which will be powered by more than 98 percent renewable electricity. Providing a strong financing and construction role to the private sector, the initiative is intended to encourage behavioural change towards an uptake in the use of public transport with non-motorised transport and transit-oriented development solutions. Bus routes will be altered to provide convenient connections to the light rail system. 

Result areas

Project timeline

  • Pipeline

    849 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    1,811 days so far

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    Not started

  • To be completed

    Not started

  • Total project value $ 944 million

  • Tonnes of CO2 equivalent avoided 7.6 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 944 million

Show details

GCF-financing

  • Loan USD 178,700,000
  • Grant USD 21,300,000
  • Total GCF-financing USD 200,000,000

Co-financing

  • Loan USD 371,300,000
  • Loan USD 250,000,000
  • Grant USD 122,600,000
  • Total co-financing USD 743,900,000

News and stories

Documents

Project contacts

Find the appropriate contacts for this project, including partner organizations and responsible entities.

See contact details