China signs agreement with Costa Rica for $500 million

Xi_Jinping-Laura_Chinchilla-visita_a_Costa_Rica

China and Costa Rica have been strengthening relations about two years ago.

The President of China Xi Jinping proposed to Costa Rica a program of cooperation, donations and loans that reach an amount of 500 million dollars.

During a visit to Costa Rica, the Chinese President and the President Laura Chinchilla signed agreements on Monday morning.

On other occasions has been said that China is one of the Governments that has most contributed to Costa Rica, and with this agreement was established as the maximum welfare.

One of the most ambitious projects that will support China, is on the road from route 32 (San Jose-Limon) financing by $ 400 million.

In the case of this road the credit will be provided by the Export Bank of China (EXIMBANK).

This same bank in the same way state banks will offer a credit of 100 million dollars for the rotation of loans to businesses and individuals seeking to renew the fleet of their companies by vehicles using clean, such as gas or electricity energy.

One of the unions most benefited will be public transport, which has 12,000 taxis and some 4,000 buses. The loan conditions that entrepreneurs need to buy Chinese vehicles, but that may be where they prefer.

China, also promoted a loan to facilitate the purchase of 5000 solar panels that produce electricity, this amount would be 30 million dollars.

Within the donations were delivered 8 400 computers for public schools students, and 800 who were teachers.

La Costa Rican cooperative dairy Dos Pinos, also signed an agreement to make this company the first export of its products to cities such as Beijing and Chingqping, and the State of Canton.

Another of export products will be pork; comprising all the sanitary and veterinary protocols this increases the offer of Costa Rican meat in the Chinese market.

Costa Rican authorities also wanted to emphasize that there are no conditions for receiving multi-million-dollar cooperation since the Asian country.

Posted by Costa Developers