Representatives of the Italian company SPIN are expected to visit the country in the next 60 days, with a technical and financial proposal to build the so-called "Tourist Scenic Coastal Highway on the Pacific and Central and South Coast of Nicaragua."

At a cost of approximately $200 million, the 138 kilometer four-lane highway will stretch from Punta El Naranjo (on the border with Costa Rica) to Masachapa, through the departments of Rivas, Carazo and Managua. The return on investment for the Italian group will come from toll charges.

René Sabas Gómez writes in Laprensa.com.ni that, "The Costanera Highway project will connect and benefit resorts, beaches and coastal cities such as El Ostional, La Flor, San Juan del Sur, the Huacalito project (under construction), Brito, Astillero, Chacocente, Huehuete, La Boquita, Casares, Salinas de Nahualapa, Pochomil, Masachapa and Montelimar, stimulating investment for the construction of new resorts, marinas, tourist projects and even whole new coastal resort towns.

Source: laprensa.com.ni

More on this topic

Nicaragua: Coastal Highway Will Not Be Built

August 2013

There are no state resources for the 131 miles of road on the Pacific coast, which would be a key factor for tourism development in the area.

This was explained by the chief of Transportation and Infrastructure, Paul Fernando Martinez. Seven years ago the institution had reported that the study and design was already in process and about three years ago they said they were in the construction phase, however, the authorities now say the project is not profitable.

Coastal Highway in Nicaragua

July 2012

The project for a long road to the Nicaraguan Pacific is awaiting Italian investors, or others, to take up interest in the idea again.

The mega project for a main road linking the Pacific beaches of Nicaragua, aroused the interest of Italian and Spanish investors last year, under the banner of the Nicaragua - Europe Business Meeting 2011.

Italian Company to Build Coastal Road in Nicaragua

November 2011

The government has signed agreement of understanding with an Italian consortium for the design and construction of the road with an investment of $200 million.

The Italian consortium composed of Unieco, CCC and Pizzarotti, will present in January next year designs for the 138 km road that begins in El Naranjo, on the border with Costa Rica and extend to Masachapa, in the capital.

Tourism: Interest from European Investors in Nicaragua

October 2011

The project attracting the most attention from Italian road building companies was the coastal road on the south coast, being seen as a hub of tourist development.

During the Encuentro Empresarial (Business Meeting) between Nicaragua and Europe, Italian and Spanish investors expressed their interest in investing in the tourism sector.