Costa Rica development gets green light

Despite previous legal disputes, the project has been given clearance by a specially convened tribunal.

The concession remains highly controversial and has been criticised by the Atlantic port authority trade union, while the National chamber of banana producers has filed an official complaint, claiming the government did not have proper technical, financial and environmental studies in place. They also claim that tariff costs will rise 130%.

The project, costed at $992m, is expected to be through a syndicate of banks.