Nicaragua will grant concessions to invest in its ports

Nicaragua intends to give concessions for port investments, a theme that will be addressed at the 29th Meeting of Port Companies of the Central American Isthmus, which begins today.

Wednesday, April 23, 2008

Virgilio Silva, head of the National Port Company (EPN), says this possibility is being contemplated in a law the National Assembly is currently analyzing.
The text of the bill includes establishing shared investments in mixed entites to build docks.
Nicaragua's Atlantic coast currently lacks a deep water port and is promoting a 350 million dollar project at Monkey Point. Brazil, Iran, and Venezuela have expressed interest.
An Iranian company is considering a 30 million dollar project to upgrade the facility at Corinto Inlet on the Pacific coast in northwestern Nicaragua.

More on this topic

Nicaragua Needs More Ports

May 2015

The growth of the Nicaraguan economy is making clear the disadvantage of the country's current dependence on the ports of neighboring countries.

Although improvements have been made to the port infrastructure at Arlen Siu, this single terminal is not enough for a country whose economy is growing at the pace it is in Nicaragua.

Improvements in Tourist Dock in Nicaragua

April 2014

The National Port Company has announced it will invest $5 million in the modernization of the tourist port of San Jorge, on Lake Nicaragua.

From a statement issued by the National Port Authority:

The CEO of the National Port Authority said the project at the Port of San Jorge includes expanding the current breakwater, making another breakwater parallel to it measuring 350 meters long, and dredged to a depth of five meters so that there will not be any further problems with sedimentation.

Nicaragua: New Ports Law in 2010

December 2009

The Legislative Assembly could pass the bill on the first trimester of 2010.

Virgilio Silva, president of EPN, the national ports company, explained the new law is fundamental to attract investment for the port industry.

One of the projects in need of investment is the port at Monkey Point, located in the Caribbean, which needs around $250 million.

Honduran Ports to Receive $250 Million

March 2009

The IDB would grant a loan through a trust to the Honduran Port Authority (ENP) for port modernization.

Representatives from the Inter-American Development Bank (IDB) visited the company yesterday. Among them, IDB Vice President, Steven Puig, told "We are very interested in authorizing the loan to the ENP as soon as possible so that they can begin to work on expanding their facilities."

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