One of the loans approved by the Assembly is for $55 million, which will be used to build, remodel and expand 45 schools, 20 in the North Caribbean Autonomous Region, five in the South Caribbean Autonomous Region and five in the municipality of Rio San Juan.

Elnuevodiario.com.ni reports that "...The other loan approved yesterday is for US $136 million, granted by the European Investment Bank (EIB) for the expansion of the Juan Pablo II highway in Managua, which involves a series of pedestrian bridges, overpasses and lane extensions."

"... The Juan Pablo II expansion project includes a total of US $274.9 million, of which the EIB has already authorized its share, but yesterday the Sandinista deputies Edwin Castro and José Figueroa indicated that today they could approve an urgent procedure of US $105.5 million, which the Central American Bank for Economic Integration (CABEI) will allocate for this same project."

Source: elnuevodiario.com.ni

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$105 million Loan for Infrastructure

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The loan approved by the Nicaraguan Assembly complements the financing needed to expand the Juan Pablo II highway, whose total investment is $275 million.

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