San José, July 25, 2024.- As part of the commemoration of the 200th anniversary of the Annexation of the Nicoya Province, the Central American Bank for Economic Integration (CABEI) is proud to support this important province of its founding member, Costa Rica, through financial solutions that improve the quality of life of the inhabitants by ensuring basic services such as access to water, electricity, and healthcare systems, as well as facilitating commerce and tourism through efficient infrastructure.

CABEI has played a crucial role in the development of Guanacaste, with investments exceeding US$600 million, through a series of projects that have been executed, and others that are advancing at a steady pace.

The construction of the new Hospitalization Service and the reinforcement of the Anexión Hospital in Nicoya, which represented an investment of US$33.5 million, is an example, since this work expanded the medical attention capacity, offering new specialties and high quality services to more than 120,000 people. This hospital is now an essential pillar of medical care in the province, significantly improving access to healthcare services.

CABEI also participated in the area of electricity generation, providing US$160 million in financing for the development, operation, and 20-year lease of the Las Pailas I geothermal Project, which generates more than 272 GWh per year and supplies sustainable electricity to more than 75,500 Costa Rican homes.

Among the projects recently executed was the expansion and improvement of the Bagaces aqueduct, with an investment of US$10.4 million, which ensures the supply of potable water for 130,000 Guanacastecos who were historically affected with access to the vital liquid that had arsenic contamination, thus strengthening the sanitation infrastructure, and improving the living conditions of the inhabitants.

In the area of access to water, both for consumption and irrigation, which is essential for the development of Guanacaste's main economic activities such as agriculture, raising livestock, and tourism, CABEI is also financing the Water Supply Project for the Tempisque River's Middle Basin, known as "Agua para la Bajura", with an investment of US$425 million, which is expected to ensure water supply to approximately 700,000 people, promoting sustainability, and improving the quality of life in the Chorotega region.

In addition, as part of the Comprehensive and Resilient Infrastructure Reconstruction Emergency Program (PROERI), a total of 28 road and educational infrastructure works will be executed in all the cantons of the province with an investment of more than US$42 million.

One of them is the Bridge over the Santa Inés River in Liberia, which will improve connectivity and accessibility for 53,382 people, facilitating access to basic services and economic activities. Similarly, the construction of bridges over the Cabalceta, Las Vueltas, Sonzapote, and Tempisquito rivers will benefit the communities of La Cruz and Liberia, providing safe and efficient roads for more than 60,000 people.

In the area of education, the El Coco Educational Center in Carrillo and the CTP in Nicoya will be some of the projects financed with CABEI resources, benefiting more than 2,000 students not only with a safe and adequate learning environment, but also by providing a significant boost to human development in the region.

Other works contemplated as part of PROERI in Guanacaste:

These initiatives are part of CABEI's strategy, specifically regarding human development and the promotion of competitiveness in its member countries, seeking to promote opportunities for all, reaffirming its commitment to be the region's main ally in building a prosperous and sustainable future.

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