The government and a private consortium have given the go- ahead to construction of a new dry bulk facility on the Pacific coast of Costa Rica, which will require investment of $34 million. Work will be undertaken by Sociedad Portuaria de Caldera, which is backed by Colombian and Costa Rican financiers.

The terminal will be built in the existing Caldera port, which became operational in 2001. Construction work will take two years to complete and will consist of a 180-metre quay, which will be accessed by a 160m-long bridge, with a stockpile area are land of around 6,000m2.