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Riteve Not Surprised At Possible Changes

The Spanish/Costa Rican consortium that has the monopoly on vehicular inspection service in Costa Rica known as Riteve said on Friday it is not surprised at the rumours that the a possible break in the monopoly is pending. Riteve officials also say that this is not the first time anti monopoly talk has come from lawmakers.

On Thursday, legislators of the Partido Liberación Nacional (PLN) and Movimiento Libertario (ML) parties spoke in favour of breaking the Riteve monopoly, by not renewing the contract, an item that would be up for discussion by the new legislative assembly that takes over on May 8,

Fernando Mayorga, general manager of Riteve, said that renewing the contract is a government's absolute power and whatever the decision is it will be respected.

Mayorga added that if the service goes up for bidding, Riteve will take part.

The Riteve manager said that the only differences between his company and the government has been the issue of rates.

Riteve is seeking an increase in the rates, double that of today.

The increase request is being justified that Riteve has kept the same rate for the last five years.

Riteve has invested some us$40 million dollars and employs directly 400 people and many hundreds more indirectly. Mayorga did not say if the investment has been recovered or if the company will suffer financial damage if the contract is not renewed.

Mayorga stressed that the only concern is that the vehicular inspection, be it by Riteve or by others, continue to be a serious matter in Costa Rica.


 







 
 
 
 
 

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