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

  • Building Georgia’s transport connections to its neighbours
    October 26, 2016
    Georgia’s government aspires to turn the country into a regional transport-transit hub, and with renovated and expanded transportation infrastructure it knows that the country can offer significant opportunities to others in the region, and globally – Gordon Feller writes The Caucasus Transit Corridor (CTC) is the key transit-route between Western Europe and Central Asia for oil and gas, as well as dry cargo. CTC is part of TRACECA (TRAnsport Corridor Europe to Central Asia). This is the shortest route
    Read More
  • Brazil: Dnit proposes suspending 61 projects due to lack of funds
    May 9, 2016
    Brazil's national department of transport infrastructure, Dnit, has approved a proposal to suspend work on 29 road projects across 12 states. The approval comes after severe budget cuts this year and the number of affected works could increase to 61. Dnit noted, however, that no work will be immediately stopped and that current contracts will be maintained. The proposal will now go before the Ministry of Transport and Planning and the Office of the Chief of Staff before it can receive final approva
    Read More
  • Papua New Guinea mends its bridges
    February 28, 2022
    Under the latest tranche of the Sustainable Highlands Highway Investment Programme, 45 of the estimated 71 bridges will be completely replaced.
    Read More
  • Fehmarn Fixed Link project finally gets European Commission approval
    March 31, 2020
    EC settles the public financing issue for the Fehmarn project that includes an immersed tunnel.
    Read More

Highlighted Content