$191 million in Loans for Infrastructure

With the two loans approved by the National Assembly of Nicaragua, schools will be built in the Caribbean area and the Juan Pablo II highway will be expanded in Managua.

Thursday, June 22, 2017

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."


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More on this topic

$105 million Loan for Infrastructure

August 2017

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

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

Nicaragua To Tender Roadworks for $105 million

March 2017

The Mayor of Managua is getting ready to tender the project to expand the John Paul II highway, which includes the construction of five underpasses and a bike path.

The project will be financed with a loan from the CABEI approved in late January by the National Assembly. The authorities at the Mayoral office of Managua explained that the plan is to publish the tender this year and possibly start work in 2018.

Nicaragua: $58 million to Build Road

August 2016

With the BCIE loan recently approved by Congress a stretch of 58 kilometers of the highway linking the Caribbean to downtown areas and the Pacific coast will be renovated.

From a statement issued by the National Assembly of Panama:

The National Assembly unanimously approved this August 23, a loan issued by the Central American Bank for Economic Integration (BCIE), to partially finance the implementation of a project to improve the road Muy Muy- Matiguás- Rio Blanco, in the department of Matagalpa.

Nicaragua Approves $62 Million for Caribbean Highway

January 2015

The National Assembly has approved a loan from the Central American Bank for Economic Integration for hydraulic cement paving of 45 kms of the stretch passing through La Gateada- Naciones Unidas - Bluefields.

From a statement issued by the National Assembly of Nicaragua:

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