New road project for Nicaragua

The World Bank looks likely to supply funding that will help pay for a major road improvement project in Nicaragua. The US$75 million loan should be agreed by November 2016, if all goes to plan. The funding will pay for major improvement works for the road connecting Nicaragua’s capital Managua with the country’s second city, Leon. At present the route suffers heavily from congestion at peak periods and is unsuited to the traffic volumes it has to cope with. The construction work is expected to commence in
August 19, 2016 Read time: 2 mins
The World Bank looks likely to supply funding that will help pay for a major road improvement project in Nicaragua. The US$75 million loan should be agreed by November 2016, if all goes to plan. The funding will pay for major improvement works for the road connecting Nicaragua’s capital Managua with the country’s second city, Leon. At present the route suffers heavily from congestion at peak periods and is unsuited to the traffic volumes it has to cope with. The construction work is expected to commence in 2017 along a 19km stretch of the route and should take 18 months to complete.

Meanwhile further funding is being sought for a new ring road around Managua. Nicaragua’s Ministry of Transport and Infrastructure (MTI) is in talks with the South Korean Government regarding financing for this project.

In all MTI has a budget of $172.55 million for infrastructure works during 2016 and is aiming to complete 85% of its planned work by the end of August 2016.
Finance & Funding Road Structures

Related Content

  • New bridge project for Sri Lanka
    September 30, 2013
    A bridge costing some US$321 million will be built in Sri Lanka to span the Kelani River. This new link will reduce congestion at Baseline Road and in the area of Peliyagoda. The bridge is expected to take three years to construct and will measure 415m long. The project is being funded by the Japan International Cooperation Agency (JICA), which is also funding the design detail and feasibility studies. Meanwhile the Asian Development Bank (ADB) has approved credit $75 million for the construction of roads l
    Read More
  • Belgium considering tolling to pay for roads and tunnels
    January 27, 2016
    Belgium is considering tolling options as a mean to fund necessary road and tunnel developments and upgrades. The Brussels region is expected to spend between €500 million and €1 billion in order to update a series of key tunnel connections, with tolling being considered to raise a part of the funds required. A toll could be applied for the Léopold II tunnel during peak hours. According to Belgian consultancy company Stratec, traffic congestion could be reduced in Brussels by implementing an area charge dur
    Read More
  • Improving a key route through Florida
    November 9, 2015
    Upgrading a key route through Florida – novel construction techniques are helping widen a road in difficult geological conditions – Lucio Garofalo reports. A major road widening project underway in Florida is due for completion soon. The work will improve an important section of road, reducing congestion at peak period and cutting travel times for drivers. The US 331/SR83 highway runs for some 79km and provides an important link in Florida’s Panhandle area, as it connects with Route 98.
    Read More
  • Major highway improvement project on track in Colombia
    February 29, 2016
    In Colombia plans are now in hand for a major highway improvement project. Concesión Pacífico Tres is joint concession operator of the tolled links for Colombia’s major commercial regions connecting with the Pacific port hub. US firm Milbank, Tweed, Hadley & McCloy has provided advice to Colombian Concessionaire Concesión Pacífico Tres SAS and its sponsors, MHC Ingeniería y Construcción de Obras Civiles and Construcciones El Cóndor, and Costa Rica’s infrastructure company Constructora MECO. The advice was
    Read More

Highlighted Content