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

  • Uruguay’s transport investment is seeing major gains
    August 1, 2017
    Uruguay’s road development programme will help deliver economic growth for the future - Gordon Feller reports. Uruguay is embarking on a new nationwide programme to rehabilitate 890km of roads, and the government intends to improve an additional 260km of dangerous highways and roads. This three-year programme aims to reduce traffic accidents, in part thanks to a US$70 million loan recently authorised by the World Bank’s board of directors. The new operation uses a special financing instrument known as “Prog
    Read More
  • Colombia’s popular highway tenders
    April 7, 2014
    International interest is strong in tenders opening in Colombia for the construction and management of 1,146km worth of highways. These form part of a package for 10 projects known as Autopistas para la Prosperidad, worth some US$4.75 billion in all. OHL has expressed an interest in the Autopista al Mar 2 and Autopista al Rio Magdalena 1 highway projects, which have been valued at around $1.9 billion.
    Read More
  • Brazil opening tender processes for highways, tunnels and road repairs
    July 4, 2014
    A series of tenders for major highway, tunnel and road repair projects are being opened in Brazil. The country’s national transport infrastructure department, DNIT, has set out plans for a series of tenders, all of which form part of phase 2 of the country's growth acceleration plan, PAC. The first of the key projects opening for tender will be the new Morro dos Cavalos tunnel, which will be constructed in the southern state of Santa Catarina. This 1.36km tunnel will be built in the city of Palhoça and form
    Read More
  • Honduras to spend $100mn for road projects in 2015
    February 19, 2015
    At least US$100 million will be injected into road projects in Honduras during 2015, the majority of which will be under Public-Private Partnership (PPP) deals. The schemes will provide a welcome boost to the construction sector, which recorded a drop of 50% during 2014. Construction started last year on a $271 million logistics corridor to connect the country’s Atlantic and Pacific coasts. The two-lane 390km highway will cut congestion in key urban areas along the route, as well as improving connections to
    Read More

Highlighted Content