FP166
Light Rail Transit for the Greater Metropolitan Area (GAM)
Light Rail Transit for the Greater Metropolitan Area (GAM)
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.
Project timeline
Pipeline
06 Mar 2019 - 849 days
Concept note received
06 Mar 2019
Funding proposal received
11 Dec 2020
Cleared by GCF Secretariat
07 Apr 2021
Cleared by iTAP
07 Jun 2021
Approved
01 Jul 2021 - 1,022 days so far
Approved by GCF Board
01 Jul 2021
Legal opinion on AE's Internal Approval
27 Oct 2021
Under implementation
To be completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
| Instrument | Amount |
|---|---|
| Loan | USD 250,000,000 |
| Grant | USD 21,300,000 |
| Total GCF Financing |
|---|
| USD 271,300,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 300,000,000 |
| Co-Financing | Equity | USD 250,000,000 |
| Co-Financing | Loan | USD 1,052,000,000 |
| Total Co-Financing |
|---|
| USD 1,602,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Accredited Entity
Central American Bank for Economic Integration
Debt Capital Markets and External Funding Head, Finance Division
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, Honduras
Specialist of Green Funds Resource Mobilization, Partnerships and International Cooperation Department
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, M.D.C., Honduras
More contacts
National Designated Authority
Ministry of Environment and Energy
Vice-minister of Strategic Affairs
Calle 25. Av. 8-10, San Jose, Costa Rica
International Cooperation Director
Calle 25. Av. 8-10, San Jose, Costa Rica
International Cooperation Officer
Calle 25. Av. 8-10, San José, Costa Rica
Documents
| Title | Type | Date |
|---|---|---|
| Light Rail Transit for the Greater Metropolitan Area (GAM) | Approved funding proposal | 01 Jul 2021 |
| Environmental and social safeguards (ESS) report for FP166: Light Rail Transit for the Metropolitan Area of San José (GAM) | Environmental and Social Safeguards report | 07 Jun 2021 |
| Gender action plan for FP166: Light Rail Transit for the Greater Metropolitan Area (GAM) | Gender action plan | 07 Jun 2021 |
| Gender assessment for FP166: Light Rail Transit for the Greater Metropolitan Area (GAM) | Gender assessment | 07 Jun 2021 |