CABEI approved the extension of financing to CONAVI for an amount of up to $90 million, to finance the completion of the northern section of the peripheral ring in the Uruca - Calle Blancos section and the rehabilitation of the bridge over the Virilla River, National Route 32.
The construction will be executed by the National Roads Council (CONAVI). The resources approved for the loan extension will have a 15-year term, including a five-year grace period, according to the international organization.
The CABEI and the Nicaraguan government signed two loans for the construction and expansion of highways and for the refurbishment of airports on the South Caribbean Coast.
The loan approved will be to finance the "VIII Road Improvement and Expansion Program" and for the "Airport Improvement Project of the Southern Caribbean Coast," the financial institution said in a statement.
With IDB financing, a road improvement and rehabilitation program will be implemented in Guatemala, connecting productive areas and departmental capitals to the main network.
The Inter-American Development Bank (IDB) reported that the total project amount is $150 million from concessional ordinary capital, with an amortization period of 24 years, a 6-year disbursement period, a 6.5-year grace period and an interest rate based on LIBOR.
Banco Centroamericano de Integración Económica signed a loan contract with the FCC Consortium to finance the six-lane extension of the beach corridor in Panama, Section I: La Chorrera-Santa Cruz.
The project "Expansion to six lanes, Las Playas Corridor, Section 1: La Chorrera-Santa Cruz, which has an approximate length of 36.3 kilometers, and begins at the end of the Arraiján - La Chorrera highway and ends at the entrance to Santa Cruz (before the crossing over the Lagarto River)," was awarded in November 2017.
With a loan from the IDB, plans are underway to carry out road renovation works on the cantonal road network, especially in the areas affected by storm Nate in 2017.
For the 61 projects in the first stage ofPRVC II, the MOPT estimatesholding approximately 12 tenders, each of which will include between four and five projects. As part of a second stage, around 64 projects will be worked on, which correspond to about 41 million dollars and are currently in the analysis phase.
With a loan from the World Bank, outstanding construction works will be completed in several road sections in Granada and Rivas.
This financing for roads is part of a total of $145 million approved by the World Bank for various works in the country, including improvements in the health care system in rural areas.A statement issued by the entity states that "... $60 million will be allocated to the expansion of the Community and Family Health Model nationwide...".
With a loan from the BCIE, the improvement and renovation of 195 kilometers of roads in different areas of the country will be financed.
The project involves the paving of 194.39 kilometers, divided into six road sections with different asphalt pavement structures, hydraulic concrete and concrete paving slabs.
The Ortega administration has announced that with a loan of $238 million from the BCIE, some 194 kilometers of road sections will be renovated in different areas of the country.
Vice-president Rosario Murillo stated that the project " ... which will be carried out starting from next year, includes construction of 194 kilometers in hydraulic concrete and paving stones in six stretches of roads distributed throughout the country."
The government is complaining that the decision by the Legislative Assembly not to approve the IDB loan for $114 million, will mean that it will not be possible to develop the tourism and road projects that were planned.
From a statement issued by the Presidency of El Salvador:
Country loses $115 millionIDB credit because of ARENA, seriously impacting tourism and connectivity
With a loan from Exim Bank the South Korean government plans to build a four-lane highway between Ticuantepe and Nejapa.
The Ortega administration has announced that the $70.5 million loan from the Korean bank will be added to $25 million coming from the state budget.
Elnuevodiario.com.ni reports that "...According to Rosario Murillo, the route will have the following characteristics: a length of 16 kilometers of pavement, with four lanes between Ticuantepe and Managua.The route starts at kilometer 14 of thehighway to Masaya and will end on the old road to Leon, between the southern gatehouse and Altos de Ticomo. In addition, there will be a resurfacing of 2.64 kilometers in San Isidro de Bolas."
The National Assembly approved the $29 million loan to finance the construction of a 12 kilometer road between El Crucero and the old road to Leon.
From a statement issued by from the National Assembly:
The construction of a 12 kilometer stretch of road which will improve the interconnection between El Crucero and the Old road to Leon road will be possible after the unanimous approval this March 21 of a Loan Decree, presented by the Presidency of the Republic to partially finance the implementation of the Road Improvement Project El Boquete - Santa Ana.
Using a loan from the World Bank two access roads to the capital will be built and 46 km of rural roads will be paved.
A statement issued by the World Bank says that "... The Rural and Urban Access Improvement Project proposes the expansion and construction of new roads and the rehabilitation and maintenance of existing ones. "
"... The project includes the construction and expansion of two trunk highways with access to the capital, which will help reduce traffic congestion in an area where a large share of the country’s international transport takes place. "
The government has announced that through an agreement with Taiwan funds will be obtained for expansion works on the CA-9 North highway.
The Ministry of Communications, Infrastructure and Housing informed Diario de Centroamerica that"...It is expected that in March a Taiwanese mission will visit the country to review the works that will be carried out ... and they have prepared the plans for the project and, from next week, circulation schedules will be more flexible, which will ease traffic loads."
With IDB financing the highway connecting San Pedro Sula to Tegucigalpa and the road that connects to Puerto Cortés, will be extended.
From a statement issued by the Inter-American Development Bank:
Honduras will improve two major road corridors, increasing lanes and renovating several sections with the help of a loan of US $75 million from the Inter - American Development Bank (IDB).
Financing from the CABEI will be used for the construction of two sections road measuring 58 kilometer in the departments of Managua, Carazo and Granada.
From a statement issued by the CABEI:
Managua, November 15, 2016.-The Central American Bank for Economic Integration and the Government of the Republic of Nicaragua signed a loan for US $67.0 million to finance the project "Improvement of Tranches of Nejapa Road - El Crucero - Diriamba - Jinotepe-Nandaime" consisting in the construction of two highway sections using hot asphalt mix, which together total 58.13 kilometers, located in the departments of Managua, Carazo and Granada.