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

  • UK Government’s green light for new Taunton road link
    May 22, 2013
    Work on a new link road will go ahead in Taunton, western England after receiving final approval from Local Transport Minister Norman Baker. The work is needed to improve east-west connections across Taunton and open up access to new development. The overall US$32.07 million (£22.1mn) scheme will see Somerset County Council construct a new road linking Staplegrove Road in the west of the town to Priory Avenue in the east. “This important scheme will help to reduce traffic demand through the town centre and
    Read More
  • Increasing importance of alternate truck routes
    February 14, 2012
    The fabled Silk Route from China to Europe takes many forms, and is again becoming increasingly important as Patrick Smithreports The ancient Silk Road was never a single caravan route, but covered hundreds of kilometres in width extending in length for around 10,000km. This is the view of the European International Road Transport Union (IRU), and many other countries and organisations, who point out that it is a system of routes covering many countries via a series of branch roads that dates back some 2
    Read More
  • 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
  • LagoonHull project put on hold
    February 8, 2023
    The plan by the UK city of Kingston upon Hull is to transform the city centre and river frontage running from the 2.2km-long, single-span suspension Humber Bridge.
    Read More

Highlighted Content