Loan to finance Nicaragua capital road project

A loan from the European Investment Bank (EIB) will fund work on a highway project in Nicaragua’s capital Managua. The US$136 million financing package was secured by the Nicaraguan Government. This will be used to improve and widen the Pista Juan Pablo II highway, boosting capacity and reducing congestion at peak periods, as well as improving safety for drivers. The work involves widening the route so that it has three lanes in either direction, as well as building five flyovers, installing drainage, cycli
April 20, 2017 Read time: 1 min

A loan from the 1054 European Investment Bank (EIB) will fund work on a highway project in Nicaragua’s capital Managua. The US$136 million financing package was secured by the Nicaraguan Government. This will be used to improve and widen the Pista Juan Pablo II highway, boosting capacity and reducing congestion at peak periods, as well as improving safety for drivers. The work involves widening the route so that it has three lanes in either direction, as well as building five flyovers, installing drainage, cycling facilities, pedestrian crossings and bus stops. The Nicaraguan Government previously agreed a deal for a $105 million loan from the 863 Central American Bank for Economic Integration (CABEI) for the project. Nicaragua will itself contribute $21 million to the work.

Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • US$380.88mn cost of Norberto Odebrecht’s Guatemala road project
    December 20, 2012
    Works to widen a section of the CA-2 Occidente motorway in Guatemala will cost US$380.88 million (GTQ 3bn). The project, awarded to Brazilian construction firm Norberto Odebrecht, will see the key route widened to four lanes between Cocales and the border with Mexico. Brazil's BNDES bank and the Central American Bank for Economic Integration (CABEI) are financing the works, which is due to begin in February 2013.
    Read More
  • Doha’s massive ring road expressway project
    July 10, 2019
    The huge Doha ring road project will help decongest the city and improve transport for Qatar
    Read More
  • Tanzania road development projects being planned
    March 24, 2017
    A series of major road projects are now being planned in Tanzania, with funding sources for much of the work having been identified and secured. The largest of these is being delivered with a World Bank loan worth US$425 million, which will help pay for transport improvements in Tanzania’s capital, Dar es Salaam.
    Read More
  • Nicaragua is planning major road investments
    March 30, 2015
    The Nicaraguan Government is setting out major plans for road infrastructure development. The country's master plan for road infrastructure envisages work to a total of 4,200km of main roads across the country. This programme is expected to cost in the order of US$5.20 billion, according to pre-feasibility studies carried out by Korea Expressway Corporation (KEC). Funding is being sought at present by the Nicaraguan Government, which is in discussion with a number of bodies.
    Read More

Highlighted Content