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

  • We can be Heroes
    January 11, 2023
    Paraguay’s Puente Héroes del Chaco will provide a vital transport link for the country once it is complete, Mauro Nogarin and Mike Woof report
    Read More
  • India pushing ahead with infrastructure projects
    July 4, 2012
    Despite the economic downturn, India looks to be pressing ahead with its major infrastructure projects to further boost its incredible growth. Patrick Smith reports India, which like most countries has been affected by the current economic climate, although not to the same extent, is pressing ahead with its ambitious highway construction plans. Each week new projects are completed, started or awarded as the nation seeks to improve its transportation requirements. These are needed to meet the aspirations of
    Read More
  • India rushing to improve its highway system
    February 9, 2012
    Despite the world economic slowdown, India still seems in a rush to improve its highway system as Patrick Smith reports. Later this year India will be seen by hundreds of millions worldwide when the country's capital New Delhi hosts its biggest event ever.
    Read More
  • Highway developments to boost east-west transport
    April 4, 2012
    Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports History was made in late 2010, when one of the biggest road building projects ever envisaged in Eastern Europe was given the green-light. It was the occasion when Russian president Dmitry Medvedev signed a law that would allow his country to build its segment of a huge highway around the Black Sea. The idea is to complete the 7,140km highway, wi
    Read More

Highlighted Content