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

  • Argentina road projects financing established
    December 7, 2016
    Argentina is receiving a loans from the Inter-American Development Bank (IADB) worth US$300 million for road improvements. The loan will be used to widen and improve roads across the country and is for 25 years with a grace period of 4.5 years. The Argentina Government will provide a further $200 million for road development projects. Planned projects include a new 120km dual carriageway as well as work to a 35.4km section of National Route 19 in Cordoba Province. Meanwhile around half of Salta Province
    Read More
  • Albanian PM promises new road infrastructure project cash
    September 11, 2012
    Albanian primeminister, Sali Berisha, has promised that his government will keep up its investment in road infrastructure projects, due to their importance to the economy. The PM was speaking at the launch of two new road sections, between Uzina e Autotraktoreve and Lanabregas, and the Bridge of Surrelit to Farka. Both of the sections were built using funding from the EBRD and the EIB, with some funding also being provided by the Albanian government.
    Read More
  • Turkmenistan highway project – funding secured
    March 26, 2018
    A finance package has been secured to help pay for the building of Turkmenistan’s Ashgabat-Turkmenabat highway project. Worth US$2.4 billion, the financing comes in the shape of a loan and is being provided by the Central Bank of Turkmenistan. The finance package is being provided to the Union of Industrialists and Entrepreneurs of Turkmenistan under a 20-year loan deal that includes a grace period of five years. The new Ashgabat-Turkmenabat highway project will help to improve transport efficiency in
    Read More
  • Moldova’s transport infrastructure to receive external funding
    May 22, 2013
    Transport infrastructure in the Republic of Moldova will benefit from loans worth a total of €300 million. The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are providing the loans, which will be used to improve and upgrade existing road links and also to update Moldova’s national railway company, CFM. The road improvements will be targeted at 290km of roads in the north and central areas of Moldova.
    Read More

Highlighted Content