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

  • Kenya port suspension bridge project makes progress
    January 15, 2019
    A new suspension bridge in Kenya’s key port city, Mombasa, will help unlock potential – Shem Oirere reports Plans for the construction of a US$200 million suspension bridge in Kenya heva moved a notch higher. The country's urban roads agency recently announced the shortlisting of three bidders for the design, finance, construct, operate, maintain and transfer public private partnership (PPP) contract model. Kenya Urban Roads Authority (KURA) is a state agency that manages, develops, rehabilitates and mai
    Read More
  • New financing securing Costa Rica road building
    September 21, 2015
    A series of loans from the Inter-American Development Bank (IADB) will help finance transportation projects in Costa Rica. Totaling around US$1 billion, the loans will allow a substantial package of works to get underway. This will be of major importance to Costa Rica as it will unlock several key road and transport projects so far held back by the availability of suitable funding. However, the Costa Rican authorities have yet to announce all the road projects intended for construction. So far only three hi
    Read More
  • Plans proposed for Paraguayan projects
    August 14, 2014
    Plans are moving forward in Paraguay for several key projects. The Costanera II road project will be put out to tender at the end of 2014. The project is likely to cost in the region of $100 million. Also due to go out to tender is the project for a new bridge linking Paraguay with neighbouring Brazil, which is expected to cost some $172 million. And in a loan of $134 million will pay for improvements to the Pilar-Alberdi road, costing $120 million, and the Puente Remanso Castillo-Puerto Falcon road in Para
    Read More
  • Taiwan bridge link project moving ahead
    February 23, 2017
    Construction of the Kinmen Bridge in Taiwan has now been resumed, with work having restarted on the project in late 2016. The bridge will be 5.4km long in all and will have a 1.05km long main section, connecting the islands of Greater Kinmen and Little Kinmen (also known as Lieyu). The project includes building approach roads for the bridge as well as cuttings and connecting ramps. Costing US$292 million and with funding being provided jointly by Taiwan’s Government and the local authorities, the bridge is
    Read More

Highlighted Content