Nicaragua road project funding deal

Nicaragua’s Ministry of Transport and Infrastructure (MTI) is setting out its road development programme for 2018. In all the plans call for the construction of 171km of roads. Work will be completed for the road from Mulukuku to Siuna, with the first 23km stretch due to open in September 2018 and the remaining 21.5km expected in December 2018. Meanwhile the road from Nueva Guinea to San Francisco should be complete by November 2018. Work started on these two routes in 2016. The project also calls for
February 1, 2018 Read time: 2 mins

Nicaragua’s Ministry of Transport and Infrastructure (MTI) is setting out its road development programme for 2018. In all the plans call for the construction of 171km of roads. Work will be completed for the road from Mulukuku to Siuna, with the first 23km stretch due to open in September 2018 and the remaining 21.5km expected in December 2018. Meanwhile the road from Nueva Guinea to San Francisco should be complete by November 2018. Work started on these two routes in 2016.

The project also calls for improvement works to a number of bridges. MIT -plans to construct the new Wiwili Bridge at a cost of US$11.6 million. A further $&.8 million will be used for the design and consultancy costs for the construction of the Labu, Lisawe, Mulukuku and Prinzapolka bridges. Funding for this bridge work is being supplied by the 2416 Japan International Cooperation Agency (JICA).

In the capital, Managua, funding sources are being secured for the Pista Juan Pablo II highway as well as a number of other infrastructure upgrades. The 9.55km road project will also include the construction of five new flyovers and in all the work is expected to cost $275 million. The second phase covers work on the Rene Cisneros-Universidad Centroamericana (UCA) stretch. The third phase will connect UCA with El Riguero while the fourth phase will connect El Riguero with Robelo. No further details over the opening of a tender process for the project and the launch of works have been provided.

The work will be carried out in four phases, with the first being for the 2.6km 7 Sur-Rene Cisneros district section. Funding worth $136 million is being provided by the 1054 European Investment Bank (EIB), with a further $105.5 million coming from the 863 Central American Bank for Economic Integration (CABEI). As yet the tender process has still to be announced while a timeline for the construction works has yet to be revealed.

Finance & Funding

Related Content

  • 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
  • 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
  • New ocean-ocean highway link proposed for Nicaragua
    October 7, 2014
    A major highway project in Nicaragua is coming closer to fruition. The new link would cross the country, connecting its Caribbean and Pacific Ocean coasts. The Central American Bank for Economic Integration (CABEI) has been called upon to approve a US$150 million loan at the end of October 2014 to part finance the scheme. Meanwhile funds worth $39 million have already been approved for the Rio Blanco-Mulukuku section of this road, which has been put out to tender. The $150 million CABEI loan would be put to
    Read More
  • New road project for Nicaragua
    August 19, 2016
    The World Bank looks likely to supply funding that will help pay for a major road improvement project in Nicaragua. The US$75 million loan should be agreed by November 2016, if all goes to plan. The funding will pay for major improvement works for the road connecting Nicaragua’s capital Managua with the country’s second city, Leon. At present the route suffers heavily from congestion at peak periods and is unsuited to the traffic volumes it has to cope with. The construction work is expected to commence in
    Read More

Highlighted Content