Investors interested in building a quay at Monkey Point in Nicaragua

A group of American investors is looking at investing in construction of a 350 million dollar deep-water port on the Caribbean coast of Nicaragua at Monkey Point.

Friday, July 25, 2008

Bill Johnson, director of the Miami-Dade County Port, is visiting Nicaragua at the invitation of the state-owned National Port Company, Virgilio Silva, to explore the possibilities for such an investment.
The Nicaragua government want to build a deep-water port at Monkey Point in the south of Nicaragua. The port would provide an important outlet to the Caribbean Sea. At present Nicaragua has no major port on the Caribbean side of the nation.
Johnson said he expects to return to Nicaragua next February with a delegation of potential investors.



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$300 million Investment in Monkey Point

August 2011

Feasibility studies for the mega project to build a port on the Caribbean coast of Nicaragua will be ready in 2 years.

The studies, to be carried out by the Brazilian construction firm Andrade Gutierrez, will determine the size of the project. The estimated initial investment for construction of the port and the highway linking Monkey Point to the port in Corinto is between $250 and $300 million.

Nicaragua Looking for Investors for Monkey Point

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The government has rejected Korean proposals for financing the proposed deepwater port at Monkey Point in the South Atlantic.

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The Government is welcoming Korean investors in order to hold the first meetings regarding the project.

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