Nicaragua Gets $93 Million from CABEI

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

Thursday, November 26, 2009

$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.

Silvio Conrado, CABEI's representative in Nicaragua, explained that "... these resources are also intended to maintain two hydro plants ('Centroamérica' and 'Santa Barbara'), in order to make them sustain their 100 MW production for an additional 25 years".

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$23 Million for Larreynaga Hydro Power Plant

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Nicaragua: $62.4 Million to be Invested in Hospital

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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.

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.

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