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. 

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

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 - 1,089 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

One region

  • Latin America and the Caribbean

One country

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
LoanUSD 250,000,000
GrantUSD 21,300,000
Total GCF Financing
USD 271,300,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 300,000,000
Co-FinancingEquityUSD 250,000,000
Co-FinancingLoanUSD 1,052,000,000
Total Co-Financing
USD 1,602,000,000

GCF Contacts

General media inquiries

GCF Communications
Send e-mail

Request for information

GCF Information Disclosure
Request 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
Mr. Humberto Rodriguez
Primary

Debt Capital Markets and External Funding Head, Finance Division
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, Honduras
Phone +(504) 2240-2314
hrodriguez@bcie.org
avilar@bcie.org
Mr. Alberto Cabezón
Secondary

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
Phone +504 2240 2112
Phone +504 9454 7995
acabezon@bcie.org
More contacts

National Designated Authority

Costa Rica
Ministry of Environment and Energy
Mr. Carlos Isaac Pérez Mejía Primary
Vice-minister of Strategic Affairs
Calle 25. Av. 8-10, San Jose, Costa Rica
Ms. Enid Chaverri Tapia Primary
International Cooperation Director
Calle 25. Av. 8-10, San Jose, Costa Rica
Phone (506) 8307-8679
echaverri@minae.go.cr
Ms. Patricia Campos Mesén Secondary
International Cooperation Officer
Calle 25. Av. 8-10, San José, Costa Rica
Phone (506) 8346-1513
pcampos@minae.go.cr