Nicaragua highway funding deal secured

Repairs and improvement works will now go ahead on Nicaragua’s Pista Juan Pablo II highway in capital Managua. The project is expected to cost close to US$256 million to carry out. A portion of the funding required will come in the shape of a loan worth $105.5 million from the Central American Bank for Economic Integration (CABEI). Nicaragua’s Ministry of Treasury and Public Credit is aiming to receive the remainder of the funding necessary for the work through a loan from the European Investment Bank (EIB)
March 14, 2017 Read time: 1 min
Repairs and improvement works will now go ahead on Nicaragua’s Pista Juan Pablo II highway in capital Managua. The project is expected to cost close to US$256 million to carry out. A portion of the funding required will come in the shape of a loan worth $105.5 million from the Central American Bank for Economic Integration (CABEI). Nicaragua’s Ministry of Treasury and Public Credit is aiming to receive the remainder of the funding necessary for the work through a loan from the European Investment Bank (EIB). Extensive work is needed on the route and in addition to improving the carriageway itself this also includes building new cycle lanes, bus stops, pedestrian bridges, drainage and lighting.
Road Structures Finance & Funding

Related Content

  • Kenya highway project receives Chinese funding
    May 2, 2019
    A key Kenyan highway project is being funded by Chinese sources. The JKIA-James Gichuru expressway in Kenya’s capital, Nairobi, is receiving a financing package worth US$505.5 million from China. The new expressway will be built by the Chinese contractor, China Road and Bridge Corporation (CRBC). The aim of the project is to reduce congestion on the existing Mombasa highway. The new link will also include lanes specifically for bus rapid transit (BRT) .
    Read More
  • Increasing importance of alternate truck routes
    February 14, 2012
    The fabled Silk Route from China to Europe takes many forms, and is again becoming increasingly important as Patrick Smithreports The ancient Silk Road was never a single caravan route, but covered hundreds of kilometres in width extending in length for around 10,000km. This is the view of the European International Road Transport Union (IRU), and many other countries and organisations, who point out that it is a system of routes covering many countries via a series of branch roads that dates back some 2
    Read More
  • Thirst for Infrastructure: The Belt & Road Initiative
    November 8, 2017
    Susanna Zammataro, IRF Geneva, writes: The China Highway and Transportation Society (CHTS) – an esteemed member of IRF – will be hosting a special Session on the Belt and Road Initiative during the IRF World Meeting in Delhi, 14th-17th November 2017. Last May, president Xi Jinping welcomed 28 heads of state and government to Beijing to celebrate the “Belt and Road” initiative, an ambitious plan in terms of infrastructure development, but also in terms of foreign policy. Launched in 2013 as “One belt, On
    Read More
  • Central Asia’s need for improved transport infrastructure
    October 5, 2018
    Central Asia has a need for improved transport infrastructure to help develop economies - Gordon Feller reports
    Read More

Highlighted Content