Nicaragua: $62.4 Million to be Invested in Hospital

Part of the investment will be made with a $50 million loan from the BCIE, and the remaining funds will be supplied by the Nicaraguan government.

Friday, June 19, 2009

The new military hospital school, "Dr. Alejandro Dávila Bolaños," will be built on a site measuring 72,336 square meters, where the El Retiro Hospital was previously located. The El Retiro Hospital was a medical center that was destroyed by an earthquake on December 23, 1972.

Reporter Cristhian Marenco wrote for the website Elnuevodiario.com.ni: “According to Silvio Conrado, Director of BCIE in Nicaragua, this institution is best situated to respond to the request made by the Nicaraguan government for a loan to partially finance the costs of construction and equipment for the hospital in the amount of nearly $50 million. The rest of the investment will be contributed by the Nicaraguan government.”

More on this topic

Nicaragua Gets $93 Million from CABEI

November 2009

The Central American Bank for Economic Integration will lend Nicaragua $93.4 million for building a hospital and strengthening electric power in the country.

$68 million are earmarked for building a military hospital school called 'Alejandro Davila Bolaños', and the remaining $25.4 million will be used to fund a hydroelectric power plant in the province of Jinotega.

Nicaragua: $30 million for Rural Sanitation

November 2014

The Central American Bank for Economic Integration has granted a loan to finance part of the program of works on Sustainability of Rural Water and Sanitation.

From a statement issued by the Central American Bank for Economic Integration (BCIE):

The Central American Bank for Economic Integration (BCIE) and the Government of Nicaragua signed a $30 million loan to finance the "Program for Sustainability of Rural Water and Sanitation".

Nicaragua: $450 Million for Infrastructure and Energy

February 2010

CABEI approved $450 million in loans for energy and road infrastructure projects.

Silvio Conrado, director of the Central American Bank for Economic Integration (CABEI), explained that the funds include $77 million already approved for San Jacinto Tizate and $50 million for the second phase of wind power farm Amayo II.

$20 Million for Nicaraguan Electrical System

April 2009

The loan granted by the European Investment Bank (EIB) is intended in part to finance the implementation of two hydroelectric plants.

Another of the objectives is the improvement of the power transmission network to increase its reliability and capacity.

Elnuevodiario.com.ni published: "The operation of the EIB was signed in Medellin, Colombia, between its president, Carlos Costa, and the Nicaraguan Minister of Finance and Public Credit, Alberto Guevara."

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