With $27 million the World Bank will be financing from August the construction of the 26 kilometers of the road between Bluefields and San Francisco in the municipality of Nueva Guinea.
The road will be built with reinforced concrete within a period of two years and the Costa Rican company MECO SA will be running the project.
Omar Jimenez, representative of MECO, told Elnuevodiario.com.ni that they have "..." a strategy for working in the area considering it rains nine or ten months a year, but we have experience in such work and expect to carry it out within the stipulated time. '"
Corporación Salvadoreña de Inversiones is putting out to tender structural works and the installation of 300KVA substation in Puerto Corsain in La Union Bay, Gulf of Fonseca.
Government Purchase El Salvador LP-02-2014
"STRUCTURAL REPAIR AND CLEANING OF RAIL BEARING OF PUERTO CORSAIN BOATYARD, INCLUDING OTHER ADDITIONAL WORKS: SUPPLY AND INSTALLATION OF 300 KVA SUBSTATION AND REPAIR OF REINFORCED CONCRETE WALL."
This year the Nicaraguan Ministry of Transportation plans to pave 220 new kilometers and perform maintenance on 1,100 kilometers of roads.
Within the work planned is the paving of about 220 km of new roads and the maintenance of 1,100 km of roads and intercity streets, said the Ministry of Transportation and Infrastructure, José Amadeo Santana.
"Although Santana did not specify what the pending projects are, he said a focus on rural roads is a priority this year, because they are trying to pave 140 kilometers funded by the Inter-American Development Bank (IDB) and the Central American Bank for Economic Integration (BCIE ).
Corporación Andina de Fomento has $200 million to fund preliminary studies for formulating comprehensive infrastructure projects in the region.
A statement from the CAF reads:
CAF provides funding for pre-investment in infrastructure in Latin America
- USD 200 million will be made available to support the management of strategic planning and project development of partner governments of the CAF, and to conduct preliminary studies for formulating comprehensive infrastructure projects in the region.
From 17 to 18 October 2012 there will be a meeting in Bogota for major infrastructure project developers, investors, employees and service providers.
Colombia is aiming to triple investment in infrastructure in order to modernize roads and railways, and through this optimize the implementation of trade agreements with global economies.
The project for a long road to the Nicaraguan Pacific is awaiting Italian investors, or others, to take up interest in the idea again.
The mega project for a main road linking the Pacific beaches of Nicaragua, aroused the interest of Italian and Spanish investors last year, under the banner of the Nicaragua - Europe Business Meeting 2011.
In this regard, Mario Salinas, chief executive of the Nicaraguan Institute of Tourism (Intur), said that there is still interest from Italian who may come to the country in the coming months to formally submit an offer to the Government.
Latin America needs to double its investment in infrastructure, setting clear and long lasting rules in order to create strong and efficient public-private partnerships.
According to recent studies, on an international grading system the average grade for infrastructure in Latin America is 3.6 points out of 10, compared to the 5.4 average of the member countries of the Organization for Economic Cooperation and Development (OECD) , said the Spanish State secretary for Infrastructure, Rafael Catala.
Nicaragua's National Assembly has approved a loan to be used to finance a Project for the Improvement of Rural Road Infrastructure.
From the press release from the National Assembly of Nicaragua:
The plenary of the National Assembly approved the February 23rd, a loan agreement between the Government of Nicaragua and the International Development Association (IDA) at the World Bank, amounting to 35 million dollars in order to finance a rural road infrastructure improvement project.
2,500 km of roads are in good condition, while another 15,000 km need maintenance.
"The problem is that every new kilometer of road costs at least half a million dollars, on average", said the head of the Ministry of Transport and Infrastructure (MTI), Pablo Fernando Martinez, according to an article in LaPrensa.com.ni.
With a guaranteed investment and the construction of 600 km per year, Nicaragua will be able to complete the construction of all the major roads needed in 10 years, Martinez said. This will mean access roads in good condition in areas such as Waslala, San Sebastian de Yali, Condega (all in the north), El Ayote (center) and other zones.
The United States Army will build infrastructure in Central America valued between $ 25 and $ 100 million.
As detailed in tender terms, each project will cost no more than $ 5 million and may require from design to construction, performed primarily in Belize, Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica and Panama, not ruling out construction in the Caribbean.
Over the next 10 years Latin America should invest 4% of its Gross Domestic Product in infrastructure.
Norman Anderson, president of CG/LA, the consulting company behind the Latin American Leadership Forum, remarked that investing in “good projects” is crucial for Latin America to have a greater weight in the global economy.
The region’s 50 largest infrastructure projects will be showcased at this forum, in which over 500 executives from engineering and technology firms and authorities will participate. They will analyze the business opportunities created by these 50 projects, which could require around $76 billion in investment.
CABEI approved $450 million in loans for energy and road infrastructure projects.
Silvio Conrado, director of the Central American Bank for Economic Integration (CABEI), explained that the funds include $77 million already approved for San Jacinto Tizate and $50 million for the second phase of wind power farm Amayo II.
“He explained they will fund other major renewable energy projects, including hydro power plant Tumarín”, reported Elnuevodiario.com.ni.
The Central American Bank for Economic Integration will invest, together with other institutions, in a Mezzanine Fund for Central American Infrastructure (Camif).
The fund will contribute resources for infrastructure projects in Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Dominican Republic, Mexico and Colombia.
"This fund will pool resources from various institutions such as the Inter-American Development Bank (IDB), International Finance Corporation (IFC), the Dutch Development Bank (FMO) and the Mexican Fund of Funds (CMIC)", reported Elsalvador.com.
The construction of the third set of locks at the Panama Canal will require over 7.500 workers in five years.
"The figures are provided by Grupo Unidos por el Canal, winner of the design and construction contracts for the third set of locks", said Alberto Alemán Zubieta, head of the Panama Canal Administration.