The Inter-American Development Bank has approved a loan of $61.5 million to improve access by road to the South Atlantic Autonomous Region.
From a statement issued by the Inter-American Development Bank (IDB):
The Inter-American Development Bank (IDB) has announced the approval of a loan of US $61.5 million to Nicaragua to improve the quality of transport services and national and international integration of the country.
An opposition deputy claims that the financial offer made by China to widen the road to the Caribbean is overpriced by $165 million.
Manrique Oviedo, from the Citizen Action Party complained that the financial proposal for the extension of Route 32 is overpriced by $165 million relative to what it would actually takes to carry out the enlargement. The legislature requested that the Government renegotiate the loan granted by China for expanding the highway between San José and Limón.
The Inter-American Development Bank has granted a loan of $91.5 million to improve 150 kilometers of roads.
A press release from Inter-American Development Bank (IDB) reads:
Nicaragua will improve the efficiency and safety of its road transport system and promote regional integration using a loan of $91.5 million approved by the Inter-American Development Bank (IDB).
The Costa Rican Legislative Assembly has approved a $200 million loan for road infrastructure.
The Inter-American Development Bank (IDB) loan, is part of a loan package of $850 million, which will be disbursed in installments.
"These resources, which are exclusively for matters relating to road infrastructure, will be used for a second tranche of cantonal road development in a number of towns and roads that have already been established, the projects will be monitored by a unit of the Ministry of Public Works and Transportation", published Prensalibre.cr.
The credit line by the Inter-American Development Bank will be used for rural infrastructure and aqueducts.
$70 million have been earmarked for widening the highway Divisa – Las Tablas, rural roads and upkeep.
“$40 million will be used to strengthen the National Aqueduct and Sewers Institute, expand drinkable water coverage and improving sewers”, reported Prensa.com.
Costa Rica approved a line of credit from the IDB for the rehabilitation of roads and improvements to the road infrastructure in cities and national routes.
The loans for $850 million authorized by the Inter-American Development Bank (BID acronym in Spanish) were approved by the Legislative Assembly of Costa Rica for financing of the Transportation Infrastructure Program.
A stretch of 180 km will be repaired in the “agricultural corridor,” a highway the unites Tegucigalpa with Puerto Castilla on the Atlantic Coast.
The Inter-American Development Bank (BID, acronym in Spanish) approved a line of credit in the amount of US$50 million for the project, which will improve conditions for the transportation of cargo and people by reducing operating costs and travel times.
Options are being explored for concession of the work on the expansion and maintenance of the highway with funding from the IDB, Desafío del Milenio Corporation and the BCIE.
The Concession for the Northern highway, which is currently being expanded, would include the maintenance and operation of this route, horizontal and vertical signposting, sign painting, ditch cleaning, preventive maintenance and patching."
IDB approved the loan for the repair of highways, bike paths, the airport in the southern zone of the country, and even for the Metropolitan Electric Train.
The Legislative Assembly will decide if the country accepts the loan or not.
President Oscar Arias called on lawmakers to vote in favor of the credit. "We respectfully asked the members of the Assembly to approve it as quickly as possible because we have waited many years to improve our infrastructure.