The Central American Bank for Economic Integration signed two loans that will be used to finance road works and works to improve water and sanitation systems.
The first is a loan of up to Ch$333,874,540 million to finance the "VIII Road Improvement and Expansion Program". And the second one for $251,470,000 million for the "Program for the Improvement of Potable Water and Sanitation Systems in 7 cities," informed the CABEI.
The Congress approved two loans for a total of $53 million for rural electrification works and the construction of four bridges in Río Blanco and Siuna, Caribbean region.
From a statement issued by from the National Assembly:
December 6, 2017.- Three decrees of loans, two of which are aimed at energy improvement and one for the construction of 4 bridges that will unite the Caribbean Coast with the Pacific, were approved, today, December 6, unanimously by the National Assembly.
With a loan from Exim Bank the South Korean government plans to build a four-lane highway between Ticuantepe and Nejapa.
The Ortega administration has announced that the $70.5 million loan from the Korean bank will be added to $25 million coming from the state budget.
Elnuevodiario.com.ni reports that "...According to Rosario Murillo, the route will have the following characteristics: a length of 16 kilometers of pavement, with four lanes between Ticuantepe and Managua.The route starts at kilometer 14 of thehighway to Masaya and will end on the old road to Leon, between the southern gatehouse and Altos de Ticomo. In addition, there will be a resurfacing of 2.64 kilometers in San Isidro de Bolas."
The National Assembly approved the $29 million loan to finance the construction of a 12 kilometer road between El Crucero and the old road to Leon.
From a statement issued by from the National Assembly:
The construction of a 12 kilometer stretch of road which will improve the interconnection between El Crucero and the Old road to Leon road will be possible after the unanimous approval this March 21 of a Loan Decree, presented by the Presidency of the Republic to partially finance the implementation of the Road Improvement Project El Boquete - Santa Ana.
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 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 infrastructurefinanced by the Central American Bank for Economic Integration (BCIE) will connect the departments of Managua, Boaco, Chontales and Granada.
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.
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.
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.
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:
The National Assembly unanimously approved on January 27, a Loan Decree to finance the Road Connectivity Project on the Caribbean coast, which will be implemented by the Ministry of Transportation and Infrastructure.
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.
Congress has approved a loan to finance the rehabilitation and improvement of the section of road from Empalme Nejapa to Empalme Puerto Sandino.
A press release of the National Assembly of Nicaragua reads:
The National Assembly approved on November 14, a loan to finance the renovation and improvement of the road section Nejapa-Splice Splice Puerto Sandino.
The CABEI has granted Nicaragua a $50 million loan for maintenance and renovation of its road network.
The government of Nicaragua and the Central American Bank for Economic Integration (CABEI) have signed a loan agreement for $50 million for the Renovation and Maintenance of Roads and Highways in the country, informed the Ministry of Transportation and Infrastructure.
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.