Projects and infrastructure in Costa Rica


Government procurement, infrastructure concessions and public project financing are the pillars of Arias' projects practice, which is also familiar with administrative proceedings and related lawsuits against the government. Carlos Ubico demonstrates particular expertise in the creation of PPPs, public works concessions and project financing. He co-chairs the department together with Vicente Lines, who regularly acts as regulatory counsel to telecoms infrastructure developers and assists them with market entry in Central America as well as with joint ventures. The telecoms sector is a key focus of the department as a whole, as are energy projects. Associate Alonso Miranda often handles public procurement and administrative proceedings in addition to regulatory and environmental matters.

Practice head(s):

Carlos Ubico; Vicente Lines


‘It is essential to have knowledge of every area that our company works in, as well as having a specialism in each of these areas. This makes the team particularly strong in specific areas, which adds a lot of value to the service they provide to our company.’

‘The main thing is their quick response times, as this is essential for my business and makes a big difference, in my opinion.’

‘The most important thing is that they know the client’s requirements and that the whole team keeps up to date.’

‘Alonso Miranda stands out for his communication skills and ability to fulfil our objectives.

‘Arias’ lawyers are young, but that does not mean they are not experienced. They are very proactive and dynamic. Their work style is in line with European practices and they are very flexible in adapting their work to local teams or to headquarters.’

‘I would particularly highlight the proactivity of the entire Arias team as well as their expertise, practical vision and knowledge of the institutions.’

‘The relationship with the client is transparent and fluid, for both the local and parent teams.’

Key clients





Asada Pinilla

Work highlights

  • Advising the Ministry of Public Works and Transport on an expropriation process
  • Advised NBME on the negotiation of an agreement between the company and the Costa Rican social security administration (CCSS), specifically for government procurement matters
  • Advised McKinsey’s Mexico office on the presentation of an offer to Banco Nacional de Costa Rica to conduct an evaluation of specific environmental, health and safety matters

Dentons Muñoz

The infrastructure and PPP department at Dentons Muñoz has experience in a wide array of projects in sectors such as energy, transport, highways and water distribution. Project financing and the representation of sole and syndicated project investors, as well as public infrastructure transactions, are among the key focuses of the practice. Kathya Araya, who joined the firm from HIAS Costa Rica in June 2019, leads the team together with Eduardo Zúñiga. The former is particularly knowledgeable about government procurement contracts as well as energy and transportation infrastructure, while the latter focuses particularly on energy projects and their financing. Other strengths include project cycle and governance framework training and FIDIC contract advice.

Practice head(s):

Kathya Araya; Eduardo Zúñiga

Key clients


CMI Group


Setec International

Union Fenosa

Work highlights

  • Advising the trust beneficiaries committee of the El Coco Aqueduct on a PPP with the Institute of Aqueducts and Sewers of Costa Rica for a water supply system in Guanacaste
  • Advising Setec International on the structuring of a PPP to construct a cable railway in Honduras


With a strong client base of lenders, investors and development banks, BLP excels at advising on the financing of public projects, private projects and PPPs, including public procurement processes, public debt and governmental budget issues. Advising on energy projects such as wind and geothermal energy facilities makes up a large part of the team's workload. David Gutiérrez, Luis M Castro and Luis Ortiz share the leadership of the team, which is also active in transportation projects. Gutiérrez often assists with financing and loan agreements for energy and infrastructure projects, and founding partner Castro handles foreign investment matters in this field, while Ortiz specialises in the administrative and regulatory aspects of infrastructure projects.

Key clients

MPC Capital



Globalvia Inversiones

Nederlandse Financierings – Maatschappij voor Ontwikkelingslanden (FMO)

Oesterreichische Entwicklungsbank (OeEB)


US Exim Bank

Banco Internacional de Costa Rica (BICSA)

Inter-American Development Bank

International Finance Corporation


Goldman Sachs


Work highlights

  • Advised the Inter-American Development Bank, International Finance Corporation and five syndicate banks on the financing for a 305.5MW hydroelectric power project on the Reventazón River
  • Advised Globalvia Inversiones and its local subsidiary on the structuring of an innovative $350.75m dual offering of international and local project bonds by Autopistas del Sol
  • Advised FMO, Proparco and OeEB on the refinance of a syndicated $144m term loan facility provided to Alisios Holding in connection with the construction and operation of four wind parks

Magnalex Abogados

Magnalex Abogados handles all stages of infrastructure projects from preparing and proposing a development to the financing and construction. Team head Kathya Mora Schlager focuses on advising infrastructure clients, bringing expertise in local laws and regulations as well as a strong background in chemical engineering to the practice. She is often supported by financing expert Marielena Mora Schlager and the widely experienced Víctor José Mora.