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$3.6 billion highway project for Kenya
    June 12, 2024
    A US$3.6 billion highway project is planned for Kenya.
    Read More
  • Kazakhstan highway being handled by consortium
    February 12, 2018
    An international consortium has been formed that will handle a major highway project in Kazakhstan. Worth US$730 million, the consortium’s contract is to build and operate a new tolled ring road around the capital, Almaty. The construction consortium comprises the Turkish contractors Alarko and Makyol, SK Engineering & Construction and Korea Expressway. The funding package for the project meanwhile is being provided jointly by the International Finance Corp and European Bank for Reconstruction and
    Read More
  • Lindsay argues the case for reversible lanes over adding lanes
    June 26, 2018
    Build new lanes or use existing lanes more effectively? In a recent US study* commissioned by Lindsay Transportation Solutions, the company argues the case for reversible lanes. The level of future uncertainty in transportation planning - specifically in addressing congestion on urban freeways - has increased significantly over the past few years. The impact of connected and autonomous vehicles on traffic flow, of Mobility as a Service (MaaS) initiatives, particularly the car-sharing elements, and exciting
    Read More
  • £118 million road link for Scotland
    November 11, 2024
    A new £118 million road link will cut congestion in Perthshire, Scotland.
    Read More

Highlighted Content