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

  • Key highway project in Colombia faces delay
    December 2, 2013
    Work on a key stretch of Colombia’s Ruta del Sol highway project is behind schedule, with the route now unlikely to open to traffic before 2017. The 21.6km section of the highway facing these delays will link Villeta and Guaduas in Cundinamarca. A key challenge is technical as the US engineering firm Gall Zeidler Consultants has warned Colombia’s infrastructure agency (ANI) that this section of the route is geologically unstable. The proposed route could be at risk from slippage and will need to be stabilis
    Read More
  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • Road user charging comes to the UK?
    December 14, 2017
    A new funding scheme for England’s proposed Major Road Network was greeted with enthusiasm by local authorities which partly pay for road upkeep. But this enthusiasm may be premature, explains Alan Pauling*
    Read More
  • Solving congestion in Brisbane
    August 2, 2012
    Rapid growth in a major Australian city in recent years has created new problems for the infrastructure and especially transport Expansion in the city of Brisbane, the Queensland state capital and the third largest city in the country, is set to continue and some 1,500 people arrive/week from within Australia and from other parts of the world. At this rate by 2026 the city's population should increase by 1.4 million: at present it is 1.8 million. To cope, the Queensland government and city council have ini
    Read More

Highlighted Content