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

  • Australian states receiving federal funding for transport
    May 9, 2018
    Federal funds will help finance transport infrastructure upgrades in the Australian states of Victoria, Tasmania and South Australia. Road and rail projects will be carried out in all three states, with the road works intende dto cut congestion and improve journey times. Victoria State is planning a transport budget of US$5.88 billion (A$7.8 billion), with key projects including $1.32 billion for the North East Link road and widening a stretch of the Princes Highway between Traralgon and Sale for $99.5 mill
    Read More
  • Ethiopia road contract awarded
    March 4, 2016
    Work on a major road project now looks set to commence shortly in Ethiopia. The US$221.7 million project will be carried out by a joint venture comprising Indian contractor IL&FS Transportation Networks (IL&FS) and its fully-owned Spanish arm Elsamex. The new highway is for an 84.56km route connecting Agamsa-Bure as well as an 86.1km stretch from Nekempte-Anger Gutin-Andhode. Financing for the work is being supplied by the World Bank and the work is expected to take eight years to complete. IL&FS won the pa
    Read More
  • Philippines planning series of highway projects
    August 10, 2017
    A series of major highway projects are now being planned in the Philippines. The largest of this most recent set of highway projects to be announced is for the US$1.24 billion NLEx-Cavitex Port Expressway Link put forward. Measuring 15km the route would be constructed featuring four lanes. This proposed link would connect the Cavite Expressway and North Luzon Expressway in Metro Manila. The proposal for the project has been made by Manila North Tollways, a subsidiary of Metro Pacific Investments.
    Read More
  • Uruguay’s premier PPP project awarded
    November 11, 2015
    Work will commence shortly on Uruguay’s first PPP highway project. The construction and concession is being handled by a consortium comprising key contractors. The Uruguayan Ministry of Transport and Public Works awarded the project to a consortium made up of Sacyr Concesiones (43%), Sacyr Construcción (8%) and Grinor (49%). The project involves the building, restoration and management of a 179km corridor connecting the cities of Nueva Palmira and Mercedes.
    Read More

Highlighted Content