Nicaragua: $65 million Road Announced

The Ortega administration has announced that using financing from the CABEI a 52 kilometer hydraulic concrete highway will be built from Laguna de Perlas and Kukra Hill, in the Caribbean.

Tuesday, August 16, 2016

According to the Ministry of Transport and Infrastructure, the loan from the Central American Bank for Economic Integration (BCIE) will be for $65 million and will be used for construction of the road. 

Elnuevodiario.com.ni reports that "...'The BCIE gave no objection to awarding (the loan). It is for 65 million", said the coordinator of the Communication and Citizenship Council, Rosario Murillo, who read the report of the MTI."

Murillo added that "...'30 (road) sections remain that are being managed with other sources of funding'. The government is seeking funds for the construction of road sections that allow for the connection of northern Nicaragua with the southern Caribbean."

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Nicaragua: Financing for Road Works

November 2017

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.

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With a BCIE loan approved by the National Assembly, roads connecting the departments of Managua, Boaco, Chontales and Granada will be improved.

From a statement from the National Assembly of Nicaragua:

The National Assembly unanimously approved the Decree on a Loan to improve the road sections: Malacatoya - Victoria de Julio and Malacatoya - El Palo - El Papayal. The road infrastructure financed by the Central American Bank for Economic Integration (BCIE) will connect the departments of Managua, Boaco, Chontales and Granada. 

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