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

  • Fluor and ACS Infrastructure Canada win Gordie Howe Bridge deal
    October 2, 2018
    Bridging North America will build the Gordie Howe Bridge, named after a famous Canadian ice hockey player and leading scorer A partnership including Fluor Canada and ACS Infrastructure Canada has been chosen to design, build, finance, operate and maintain the Gordie Howe International Bridge project. The client, Windsor-Detroit Bridge Authority (WDBA), announced the appointment of Bridging North America group in the Canadian city of Windsor, across the Detroit River from Detroit in the US state of Michig
    Read More
  • Pakistan rebuilding flood-damaged infrastructure
    January 26, 2017
    Pakistan is setting out plans to rebuild infrastructure that has been damaged by flooding. The work to rebuild highways and bridges damaged by the flooding is expected to cost nearly US$219 million. Funding to help pay for the work is being provided in the shape of a loan worth close to $197 million from the Philippines-based Asian Development Bank (ADB). Pakistan’s National Highways Authority (NHA) has set out a programme of works that involves repairing and upgrading a total of 212km of road as well as 33
    Read More
  • Zimbabwe highway project linking with its neighbours
    November 28, 2016
    Zimbabwe’s Beitbridge to Chirundu highway link now looks set for a complete upgrade. The project has been planned for over 10 years but has faced a series of setbacks and delays, with funding having proved one of the biggest stumbling blocks in the past. The 897km highway runs from Beitbridge, located on the border with South Africa in the south of Zimbabwe all the way up to Chirundu, which is just over the border with Zambia in the north. The route includes part of the A4 highway in the south and the A1 hi
    Read More
  • Key link for Chile
    May 28, 2012
    Work will commence on a key new road tunnel connecting in Chile in 2001. The Chacabuco II tunnel will provide another road link between Santiago and the Andes mountain range along the Los Libertadores highway. This will improve Chile's connection with neighbouring Argentina as the highway runs to the border. The 2km tunnel will run parallel to the existing Chacabuco I tunnel, and will carry two lanes of traffic running towards Santiago.
    Read More

Highlighted Content