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

  • Australia highway project underway in Victoria State
    October 5, 2018
    Construction work is now well underway in Australia on the Monash Freeway upgrade in Victoria State. The project has entered its second stage and is costing US$513.5 million (A$711 million. The work involves building 36km of new lanes as well as installing the latest traffic information technology for drivers. For the section from Warrigal Road to the EastLink the router will be widened to five lanes in either direction, compared with four in either direction at present. Meanwhile between Clyde Road and Car
    Read More
  • EBRD funding for St Petersburg project?
    April 27, 2012
    The European Bank for Reconstruction and Development (EBRD) intends to provide a US$277 million (€200 million) loan to the Northern Capital Highway consortium, which will build the central 11.5km section of St Petersburg’s Western High Speed Diameter (WHSD) route. The EBRD’s board of directors has said will consider the loan on 14th February 2012. The finance package is of note as Russian road projects have largely found funds from other sources so far. The Northern Capital Highway consortium estimates the
    Read More
  • Loan will fund key road deal in Argentina
    August 13, 2012
    The Inter-American Development Bank (IADB) is providing a loan worth US$200 million to Argentina’s Government that will be used for road improvements. The loan will be directed towards safety and capacity upgrades to provincial and national roads. The funds will be channelled through the government programme Programa de Infraestructura Vial Productiva II. More than 4,000 people died in road traffic accidents in Argentina during 2010 and the authorities are looking to improve the safety levels and reduce the
    Read More
  • Loan will fund key road deal in Argentina
    July 6, 2012
    The Inter-American Development Bank (IADB) is providing a loan worth US$200 million to Argentina’s Government that will be used for road improvements. The loan will be directed towards safety and capacity upgrades to provincial and national roads. The funds will be channelled through the government programme Programa de Infraestructura Vial Productiva II. More than 4,000 people died in road traffic accidents in Argentina during 2010 and the authorities are looking to improve the safety levels and reduce the
    Read More

Highlighted Content