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

  • Bosnia Herzogovina highway project receiving EBRD loan
    September 12, 2018
    A loan from the European Bank for Reconstruction and Development (EBRD) worth €180 million will help to pay for the construction of the Corridor Vc highway project. This highway is of key importance for the economic development of Bosnia and Herzegovina as it will provide and improved transport connection with Europe. The loan will help to pay for the construction of three new sections of Corridor Vc, measuring some 16km. The loan will be provided in two tranches, with the first of up to €120 million and b
    Read More
  • Spanish highway project to get EIB A-rated bond issue?
    April 20, 2012
    The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
    Read More
  • Costa Rica flyover project due for completion
    May 20, 2019
    The first section of a key road project in Costa Rica will be completed in late 2019. The work is for the 2.25km-long flyover on the Northern Ring Road (Circunvalacion Norte). This first section being opened will provide a connection between the Leon XIII and the Calle Blancos routes. The first four stages of the Circunvalacion Norte project are costing around US$163 million to construct, with the flyover stretch being the most costly and complex portion of the work. Funding from the Central American Bank
    Read More
  • Colorado road widening project
    June 2, 2022
    A major road widening project is planned for Colorado.
    Read More

Highlighted Content