New ocean-ocean highway link proposed for Nicaragua

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
October 7, 2014 Read time: 1 min
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 863 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 towards the Mulukuku-Siuna, Siuna-Rosita and Rosita-Puerto Cabezas road sections. The Nicaraguan Government and other organisations plan to inject funds into the project, which will be for a highway of over 200km.
Finance & Funding Road Structures

For more information on companies in this article

Related Content

  • Nepal's upgraded links
    May 25, 2012
    The Indian Government is providing assistance for road construction work in neighbouring Nepal. This assistance is for building the Kulekhani – Kathmandu road section, which will be widened and upgraded with an asphalt surface. The road will be widened to 7.5m and the work is being carried out by Indian Contractor Golden Goods. Meanwhile asphalt surfacing work is has now been completed on Nepal’s Hetauda-Bhimphedi-Kulekhani-Pharphing-Chaimale road Section. Surfacing work is in hand on the remaining 21km sec
    Read More
  • Japan helping Nicaraguan links
    February 27, 2012
    The Japanese Government is giving US$30 million towards construction of a new bridge in Nicaragua.
    Read More
  • Bosnia-Croatia link discussed
    July 13, 2012
    Bosnia and Croatia are looking to discuss a new highway construction project to link the two countries. The Adriatic-Ionic section of the Corridor VC motorway looks likely to pass through Bosnia. The plan is to build a total of 110km of roads, out of the planned 336km on the Corridor VC, by 2012.
    Read More
  • Paraguay to tender first bi-oceanic section: Carmelo Peralta and Loma Plata
    November 3, 2015
    Paraguay’s Ministry of Public Works and Communications will tender for the first part of the bi-oceanic corridor project this month. Work involves paving on the 255km section between Carmelo Peralta, Cruce Centinela and Loma Plata in the western region of the country under a turnkey format. The first section of the road is expected to require an investment of around US$280 million. The second stage of the project that will connect Paraguay with Argentina and cost $340 million. Work include paving
    Read More

Highlighted Content