Using a loan from the World Bank two access roads to the capital will be built and 46 km of rural roads will be paved.
A statement issued by the World Bank says that "... The Rural and Urban Access Improvement Project proposes the expansion and construction of new roads and the rehabilitation and maintenance of existing ones. "
"... The project includes the construction and expansion of two trunk highways with access to the capital, which will help reduce traffic congestion in an area where a large share of the country’s international transport takes place. "
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. '"
The Central American Bank for Economic Integration has granted a loan to finance part of the program of works on Sustainability of Rural Water and Sanitation.
From a statement issued by the Central American Bank for Economic Integration (BCIE):
The Central American Bank for Economic Integration (BCIE) and the Government of Nicaragua signed a $30 million loan to finance the "Program for Sustainability of Rural Water and Sanitation".
The government has announced the construction of 80 kilometers of roads in the north of the country with funds loaned and donated by the World Bank.
Construction of road is expected to start between the towns of El Cua and Wiwilí towards Santa María de Pantasma, in Jinotega, before the end of the year.
The funds committed by the World Bank will be used to rehabilitate over 371 kilometers of main highways and secondary roads.
Joseph Owen, WB delegate in Nicaragua, explained that the money will also be used to provide basic maintenance to 2.400 of rural roads.
“According to the information provided by the Bank’s representatives, the resources will be disbursed through an initial donation of $31.8 million plus a $7.5 million loan granted by the International Development Agency. The agency provides easy, long term loans, intended to poor nations”, reported newspaper El Nuevo Diario.
The WB released a credit of $60 million to Nicaragua to be invested in infrastructure projects.
Nicaraguan Minister of Transport and Infrastructure, Fernando Martinez, said in statements published in the La Prensa newspaper in Managua, that the funds will be invested in the paving of farm/rural roads which was suspended due to lack of funds.