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

  • Costa Rica flyover project due for completion
    May 20, 2019
    The first section of a key road project in Costa Rica will be completed in late 2019. The work is for the 2.25km-long flyover on the Northern Ring Road (Circunvalacion Norte). This first section being opened will provide a connection between the Leon XIII and the Calle Blancos routes. The first four stages of the Circunvalacion Norte project are costing around US$163 million to construct, with the flyover stretch being the most costly and complex portion of the work. Funding from the Central American Bank
    Read More
  • Tajikistan road project funding package
    June 18, 2018
    Funding is being secured for a road rebuild and widening project in Tajikistan. The 82km road runs between Dushanbe and Bokhtar and the work should be complete by 2023. The Chinese contractor Xinjiang Beixin is working on phase 1 of the project, building a 33km stretch of the route that is costing US$96 million. Phase 2 of the project is for a 40km section of the route, with construction due to start in the second half of 2018. The phase 2 construction work will be financed by $90 million of funding being s
    Read More
  • Morocco tender
    May 3, 2012
    The Moroccan Government is increasing its investment in roads and highways by 21% from last year. The country intends to spend US$6.32 billion on improving the road network. A further $14.5 billion is expected from private sources and other funding bodies. Work on the El Jadida-Safi highway project will commence in 2012 and is expected to cost $497million. Work on the Tit Mellil-Berrechid highway section will cost $152.55 million. The authorities in Morocco are now assessing 13 bids submitted in the tender
    Read More
  • Nicaragua is planning major road investments
    March 30, 2015
    The Nicaraguan Government is setting out major plans for road infrastructure development. The country's master plan for road infrastructure envisages work to a total of 4,200km of main roads across the country. This programme is expected to cost in the order of US$5.20 billion, according to pre-feasibility studies carried out by Korea Expressway Corporation (KEC). Funding is being sought at present by the Nicaraguan Government, which is in discussion with a number of bodies.
    Read More

Highlighted Content