Home / Knowledge / News / WB approves $72.5 mn to revitalize City-Port of Limon
WB approves $72.5 mn to revitalize City-Port of Limon
Jan '08
The World Bank Board of Executive Directors approved a loan for Costa Rica in the amount of US$72.5 million to finance the revitalization of the city of Limon and to support the modernization of its port.

“With its historic center and unique Caribbean identity, Limon has great potential for tourism development but this is not being realized due to limitations in its urban planning and management capacity,” said Laura Frigenti, World Bank Director for Central America. “This loan will help the city of Limon to diversify its economy and to develop both tourism and trade in a sustainable manner, while creating a more livable environment for the city's poorest inhabitants.”

While Costa Rica as a whole has an impressive development record, the Atlantic region is lagging behind, with one in five of its inhabitants living in poverty. The Atlantic port-city of Limon is one of the country's most decayed cities and suffers from high unemployment and crime rates.

The port of Limon, the busiest port in Central America after Panama, is critical to the competitiveness of Costa Rica's trade, but has become a major bottleneck to the country's growth due to lack of reform and inefficiency. The congestion in the port affects the city as heavy freight traffic has to pass through the city center to get to the Limon terminal.

The City-Port of Limon Project will help to address these challenges through support for actions in four key areas:

Urban and cultural revitalization: Investments focused on rescuing Limon's unique cultural identity, while improving the city's urban environment (sewerage, drainage, paving of streets) and attractiveness to visitors.

Must ReadView All

Apparel/Garments | On 1st Mar 2017

CMAI's Apparel Index for Q3 shows lowest growth at 1.4 pts

CMAI’s Apparel Index for the third quarter FY 2016-17 shows that the...

Courtesy: Carter

Apparel/Garments | On 1st Mar 2017

Kidswear retailer Carter’s acquires Skip Hop Holdings

US headquartered kidswear retailer Carter’s said it has acquired Skip ...

Courtesy: Lectra

Information Technology | On 1st Mar 2017

Lectra makes new strategy for fashion in Industry 4.0 era

Lectra, the world leader in integrated technology solutions, has...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search