Nicaragua capital highway route financing secured

The financing package for a key highway project in Nicaragua’s capital Managua has now been secured.
June 26, 2017 Read time: 1 min
RSS

The financing package for a key highway project in Nicaragua’s capital Managua has now been secured. The Nicaraguan Government has agreed terms for two loans for the project, which involves repairing, upgrading and widening the Pista Juan Pablo II highway. One loan is from the 1054 European Investment Bank (EIB) and is worth US$136 million while the other is from the 863 Central American Bank for Economic Integration (CABEI) and worth $105.5 million. The remainder of the financing required will be supplied by Nicaraguan Government funds.

The improvement work will see the route being widened to six lanes and also includes building six pedestrian bridges, five flyovers and installing new drainage. The aim of the project is to cut congestion in Managua and improve traffic flow during peak periods by boosting capacity.

Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Construction underway for Nigeria's $10 billion coastal highway
    May 1, 2025
    Construction is underway for Nigeria’s new $10 billion coastal highway.
    Read More
  • Malaysia’s massive road building project is advancing the use of technology
    August 10, 2020
    Malaysia’s huge Pan Borneo Highway project is benefiting from the use of some of the latest technologies in its planning, design and construction
    Read More
  • Building an airport for St Helena
    August 29, 2013
    The remote South Atlantic island of Saint Helena will shortly benefit from the construction of a new airport as well as access roads and supporting infrastructure. This is the biggest construction project in the history of the island, which lies nearly 2,000km off the coast of Africa. The airport is expected to boost economic development for the island’s 4,000 residents with an estimated 20,000 people a year forecasted to visit this highly remote, 122km2 equatorial volcanic outcrop. At present the islan
    Read More
  • Agreement on Pakistan-China route
    March 24, 2015
    A key agreement has been reached between the Pakistan Government and the Chinese Government with regard to the new route linking the two countries. The two governments have agreed on the need to speed up work to construct the Pak-China Economic Corridor (PCEC). This major road project looks likely to cost as much as USD45.6 billion. Both countries intend to complete the majority of the work needed within five years. The joint cooperation committee for PCEC will run more meetings to discuss the project and t
    Read More

Highlighted Content