33
RECOPE ANNUAL REPORT 2015
¢12,843.16 million colones, ¢8,524.16 million colones
of which were used; representing a budget execution
of 66% of the total budget assigned. The actual budget
execution as at December 31st, 2015 represents 73.6%
(¢37,105.4 million colones) of the amended budget for
the period (¢50,426.47 million colones).
unloading platforms, and the renovation of the
current bunker loading platform. The renovation
involves the installment of new loading arms and a
revamped the automation system. The total cost of
the project is $25.9 million. Construction began in
2015. Grupo Saret is in charge of construction.
PACIFIC TERMINAL. 1
ST
STAGE
Still in the planning stages. The amended budget for the
project as at December 31st, 2015 rose to ¢60 million
colones, ¢2.9 million colones of which were executed.
MAINTENANCE, REPAIR AND OVERHAUL
Moín Plant and Storage Site:
The amended budget
as at December 31st, 2015 amounted to ¢3,402.06
million colones; ¢2,102.1 million colones of which
were executed. This amount represents the cost of
maintenance and repair.
Oil pipeline and terminals:
The amended budget
as at December 31st, 2015 amounted to ¢2,771.00
million colones; ¢2,090.6 million colones of which
were executed.
OPERATING INVESTMENTS
In regards to operating investments, the amended
budget as at December 31st, 2015 amounted to
INVESTMENT BUDGET EXECUTION AS AT
DECEMBER 31
ST
, 2015
-THOUSANDS OF COLONES-
Source: Department of Development
PROJECT
AMENDED
BUDGET
EXECUTED
BUDGET
Utilization
percentage
(Executed Budget/
Amended Budget)
Increase in storage
capacity
19.184.930 16.707.241
45,03%
Buildings
1.732.000
0
0,00%
Improvements made to
ports and refinery
17.299.334 11.726.857
31,60%
Improvements made to the
oil pipeline and terminals
4.356.806 2.988.510
8,05%
Information systems
2.036.717 1.640.056
4,42%
Machinery, operational
equipment, support
equipment and vehicles
5.816.690 4.042.780
10,90%
TOTAL
(Thousands of Colones)
50.426.477 37.105.444
100,00%
Total amended
investment budget
(Thousands of Colones)
50.426.477
Percentage: executed
budget vs available
budget
73,58%
