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

  • El Salvador’s new road projects
    September 7, 2022
    El Salvador is planning major new road projects.
    Read More
  • Healthy bidding for Poland's highway construction
    May 14, 2012
    Bidding is healthy for a section of dual carriageway in Poland linking Kurow with Lublin. The section is 60km long and has been divided by the Polish General Directorate for National Roads and Motorways (GDDKiA) into five separate bids.
    Read More
  • Romania gets EIB funds
    February 20, 2012
    Funding worth nearly €600 million from the European Investment Bank (EIB) could help improve Romania’s national road network.
    Read More
  • Nicaragua projects receive Japanese funding
    August 9, 2017
    Japanese financing will help pay for new bridges in Nicaragua. The funding package is worth nearly US$43 million and is being provided by the Japan International Cooperation Agency (JICA). The four bridge will be constructed on the road that connects Rio Blanco and Siuna in Nicaragua’s North Caribbean Coast Autonomous Region (RACCN). The agreement has been settled between JICA and the Nicaraguan Government. The new bridges will help improve connections between the Pacific Coast Coast and the Caribbean Coast
    Read More

Highlighted Content