Loan to finance major Nicaragua road project

The project to widen Managua’s Pista Juan Pablo II highway in Nicaragua has taken another step forward to commencing. Nicaragua’s Government is giving its approval for a loan to pay for the project. The US$105.4 million loan will be provided by the Central American Bank for Economic Integration (CABEI). Further funding worth $136 million is being provided by the European Investment Bank (EIB), with $33.4 million coming from the Nicaragua Government.
September 7, 2017 Read time: 1 min

The project to widen Managua’s Pista Juan Pablo II highway in Nicaragua has taken another step forward to commencing. Nicaragua’s Government is giving its approval for a loan to pay for the project. The US$105.4 million loan will be provided by the 863 Central American Bank for Economic Integration (CABEI). Further funding worth $136 million is being provided by the 1054 European Investment Bank (EIB), with $33.4 million coming from the Nicaragua Government.

Finance & Funding

For more information on companies in this article

Related Content

  • Nicaragua capital city road projects
    March 28, 2017
    Drivers in Nicaragua’s capital Managua look set to benefit from a series of road projects being planned. The work is intended to cut congestion at peak periods and smooth traffic flow. One of the major projects will be the upgrading of the Juan Pablo II motorway, with the addition of five new flyover sections. A loan worth US$105 million from the Central American Bank for Economic Integration (CABEI) plus another loan worth $136 million from the European Investment Bank (EIB) will help pay for the project.
    Read More
  • Nicaragua highway funding deal secured
    March 14, 2017
    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)
    Read More
  • Widening and upgrade for highway in Nicaragua’s capital
    January 27, 2017
    Nicaragua is continuing to develop its highway network, this time with a major project planned for the capital, Managua. A loan worth close to US$107.5 million from the Central American Bank for Economic Integration (CABEI) is to help pay for the project. The work calls for the upgrade and widening of the Pista Juan Pablo II route running through Managua. The 9.55km stretch of road will benefit from three additional lanes, helping to boost capacity and reduce congestion and delays at peak periods. Safety pr
    Read More
  • Managua motorway construction to start
    April 2, 2019
    The tendering process for the Juan Pablo II motorway project in Nicaragua’s capital Managua is opening shortly. Construction work is then expected commence in late 2019, once the deal has been awarded to suitable contractor. The motorway will stretch nearly 10km and the work is expected to cost US$270 million. Nicaragua itself will pay $28.6 million for the project with $136 million coming from the Central American Bank for Economic Intergration (CABEI) and another $136 million the European Investment Ban
    Read More

Highlighted Content