The National Port Company has announced that for the second half of the year it plans to invest $11 million in improving recreational facilities in Xiloá, La Boquita, Pochomil, El Trapiche and Granada.
In addition to carrying out improvement works in recreation centers in the tourist areas which have the greatest competition, spokesmen for the National Port Authority explained that they also foresee invest in improvements in the ports of Sandino, Corinto, Salvador Allende, Arlen Siu and El Bluff.
The state port company has announced it will begin construction of the fourth stage of Puerto Salvador Allende with a $36 million investment.
From a statement issued by the National Port Company of Nicaragua:
The Executive President of Empresa Portuaria Nacional Virgilio Silva, presented to domestic and foreign businessmen details of the progress of the fourth stage of Puerto Salvador Allende.
A terminal in Bilwi, Puerto Cabezas, would streamline logistics of cargo which currently comes through the ports of Limon in Costa Rica and Cortés in Honduras.
If the plans of the National Port Company (EPN) are realised, the operator of the entire logistics system that involves moving goods through Nicaragua's northern Caribbean could significantly improve their times.
With an investment of $35 million the plan is to build a shopping center with movie theaters, a convention center and a hotel in Puerto Salvador Allende.
According to Virgilio Silva, CEO of the National Port Enterprise (EPN) , the construction of a shopping center with cinemas in Managua Malecon is very close to completion. Documentation has been formalized with Arab investors to develop the project which also includes the construction of a convention center and a hotel.
With $22 million the fishing port of Puerto Salvador Allende will be modernized and a marina, heliport, and shopping center with cinemas constructed.
This was announced by Virgilio Silva, CEO of the National Port Company (EPN). "The harbor, which is 1300 meters long, 10 meters wide and 10 deep, will be able to accept boats weighing up to 15 thousand tons ..." reported Elnuevodiario.com.ni.
The law allows private concessions for the construction of ports of up to 20 years.
Additionally, the initiative formally eliminates the government's monopoly on ports, gives the Legislative the ability to approve the construction of deep water ports as well as introducing fiscal benefits such as relief when buying construction materials.
From a press release by the National Assembly of Nicaragua: