Costa Rica Look to Modernize Border Crossings and Renewable Energy

Costa Rica has announced plans to modernize its border crossings along with increasing its renewable energy this year. In order to accomplish those goals, the Central American country has made a request of $302.9 million from the Inter-American Development Bank (IDB).

Among the projects given priority for this year is the modernization of Costa Rica’s border crossings, a project that will cost approximately $100 million and which has been approved by IDB. The primary goal of this project would be to revitalize the border crossings between Costa Rica and Panama as well as Nicaragua.

Costa Rica Looking Toward the Future with New Plans for Economic Development
Costa Rica has also made a request for a $200 million credit line from IDB. The funds from that credit line would be allocated for distribution, transmission, and renewable energy projects. Specifically, those funds will benefit sustainable economic growth as well as the promotion of regional integration via the Central Regional Electricity Market.

IDB and Costa Rica has also announced plans to work together to form the Country Strategy 2015-2018, which addresses a number of issues, such as competiveness, public finances, macroeconomic stability, poverty reduction, infrastructure.

James Drews

James Drews

Vice President, Sales. Age 43 Prior to co-founding VESTA GROUP, James moved to Costa Rica in 1996 and began his real estate career here by co-founding Dominical Realty. In 2001, the company obtained a Coldwell Banker independent franchise, and three years later partnered with another Coldwell Banker franchise in Costa Rica to become Vesta Group, the Master-Franchise-holder for the entire country. As a member of the Global Association of Realtors and the U.S.-based National Association of Realtors, the Master Franchise has already grown to ten (10) offices throughout the country, with several more currently in process. James is married to a Costa Rican, and proud father of 3 daughters ages 7,10, and 20. James, is well respected among the local and foreign community, and carries high ethical standards, and a hard working family man that seeks to provide his customers with the best level of service possible. James goes out of his way to seek out new frontiers that are ahead of the wave, and specializes in rural and remote farmland, developing land and collecting legacy type of properties. Surfing big waves, fishing, hiking, and travel are favorite pastimes. Daily goal is a new discovery. Approaching 20 years of living in Costa Rica, James knows his territory well, and has much love for his new country and it's people, and will guide you well, and share his resources and local knowle​d​ge with you to make your new venture successful.​ ​