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

  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • Indonesia’s Trans-Sumatra highway inches ahead
    March 11, 2015
    Indonesia will form a consortium of state enterprises to build all the 2,700km of the Trans-Sumatra toll highway, from Lampung to Aceh on the island of Sumatra. The finance department is also setting up special infrastructure banks to provide flexible loans for the state departments to fund the project, Indonesian media reported. Indonesia recently changed the law that had the state infrastructure company PT Hutama Karya as the only organisation allowed to build major projects. Other state enterprises can n
    Read More
  • Two Macedonia highway projects are delayed
    June 23, 2017
    Delays have hit the construction of two new highway projects in Macedonia. Funding for the projects has been provided through a loan package from China worth €574 million.
    Read More
  • Russian road concession deal agreed
    June 7, 2017
    A concession package has been agreed for a toll road project in the Bashkortostan Republic. The US$512 million construction project will provide a new link from the M5 Ural highway route to Ufa, the capital of the Bashkortostan Republic.
    Read More

Highlighted Content