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

  • Plans are moving ahead on the new Argentina-Chile tunnel
    June 24, 2013
    Plans are progressing with regard to the Agua Negra tunnel that will connect Argentina and Chile and is expected to cost in excess of US$850 million. The authorities in San Juan province are calling for proposals to construct the tunnel and have published the terms and conditions for the tender. Those interested in the project will have to submit their proposals before 4th October 2013. A number of companies have shown an interest in the project including firms from Brazil, China, Germany, South Korea, Swit
    Read More
  • Fehmarn Belt Fixed Link could open by 2025 at earliest
    November 27, 2015
    The ambitious Fehmarn Belt Fixed Link, connecting Denmark and Germany, will open in 2025 at the earliest, according to the Danish finance ministry. Femern A/S, the Danish government-owned company managing the project, confirmed the note from the government. It also said the ministry still has financial concerns over the deal to build an immersed tunnel connecting the towns of Rødby in Denmark’s southern Zealand with Puttgarden in northern Germany. Of particular is the time for a construction company t
    Read More
  • Bolivia’s new highway
    October 10, 2017
    Bolivia’s new highway will provide better access into mountain areas – Mauro Nogarin writes At the beginning of 2015, work began on the construction and paving for the Tupiza - Atocha - Uyuni highway project. The route is located in Bolivia’s Potosí department: it is 189m in length and forms part of the Southwest Basic Road Network (RVF) of Bolivia.
    Read More
  • New Nigerian road and bridge transport connection
    March 3, 2020
    A new road and bridge transport connection is proposed for South East Nigeria.
    Read More

Highlighted Content