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 - 160 days so far

Approved by GCF Board

01 Jul 2021

Under implementation

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

Cofinancing

CofinancerInstrumentAmount
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
Phone +82 32 4458 6338 (KST)
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 6155 (KST)
Send e-mail

Accredited Entity

Central American Bank for Economic Integration
Mr. Miguel Angel Méndez Castellanos
Head of Partnerships and International Cooperation Department
Boulevard Suyapa, Frente a la ENEE, Tegucigalpa, Honduras
Phone +504 2240 2206
mmendez@bcie.org
halvarado@bcie.org
Mr. Alberto Cabezón
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
Her Excellency Andrea Meza Murillo
Minister of Environment and Energy
Calle 5. Av. 8-10, San José, Costa Rica
Phone +(506) 22334533
Phone +(506) 22571417
Phone +(506) 22575456
andrea.meza@minae.go.cr
despachominae@minae.go.cr
Mrs. Norma Patricia Campos Mesén
Director of the Climate Change Directorate
Esquina Calle Ronda, Barrio Dent, Centro de Cambio Climático, San José, Costa Rica
Phone +(506) 22564298
Phone +(506) 83461513
cambioclimatico@minae.go.cr
npcm11@gmail.com

Documents