Banco Centroamericano de Integración Económica signed a loan contract with the FCC Consortium to finance the six-lane extension of the beach corridor in Panama, Section I: La Chorrera-Santa Cruz.
The project "Expansion to six lanes, Las Playas Corridor, Section 1: La Chorrera-Santa Cruz, which has an approximate length of 36.3 kilometers, and begins at the end of the Arraiján - La Chorrera highway and ends at the entrance to Santa Cruz (before the crossing over the Lagarto River)," was awarded in November 2017.
The General Comptroller of Costa Rica partially approved the $20.7 million trust fund for the San José-San Ramón road corridor.
In a document published on the General Comptroller website on October 10th of this year, it was reported that the approval is given to the trust fund for this road work that consists of the modernization of a 60 kilometer stretch of road between San Jose and San Ramon.
In Costa Rica, six out of eight banks are opposed to the possibility of lending the $35 million required to finance technical studies for a new highway between San José and San Ramón.
Nacion.com reports that "... Since November 29, the Bank of Costa Rica, administrator of the trust for the highway, knocked on the doors of Banco Nacional, BAC San José, Davivienda, Banco Internacional de Costa Rica (BICSA), the Banco Interamericano de Desarrollo (BID) and Instituto Nacional de Seguros (INS) to raise the money. However, those institutions rejected the request for different reasons."
With a loan from the IDB, plans are underway to carry out road renovation works on the cantonal road network, especially in the areas affected by storm Nate in 2017.
For the 61 projects in the first stage ofPRVC II, the MOPT estimatesholding approximately 12 tenders, each of which will include between four and five projects. As part of a second stage, around 64 projects will be worked on, which correspond to about 41 million dollars and are currently in the analysis phase.
With a loan from the World Bank, outstanding construction works will be completed in several road sections in Granada and Rivas.
This financing for roads is part of a total of $145 million approved by the World Bank for various works in the country, including improvements in the health care system in rural areas.A statement issued by the entity states that "... $60 million will be allocated to the expansion of the Community and Family Health Model nationwide...".
With a loan from the BCIE, the improvement and renovation of 195 kilometers of roads in different areas of the country will be financed.
The project involves the paving of 194.39 kilometers, divided into six road sections with different asphalt pavement structures, hydraulic concrete and concrete paving slabs.
The state insurer could be willing to invest up to $500 million in road construction projects that already have their pre-design and studies ready.
The offer by Instituto Nacional de Seguros (INS) applies only for projects designated as "mature", that is to say, those that already have all the approved permits and pre-designs.The problem with this requirement, according to the executive director of the Federated College of Engineers and Architects (CFIA), is that planning problems faced by Conavi and the Ministry of Public Works make it impossible to meet this requirement."..."Unfortunately, it's not the way the Ministry of Public Works and Transportation (MOPT) and Conavi have been working," Vargas said."
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.
Vice-president Rosario Murillo stated that the project " ... which will be carried out starting from next year, includes construction of 194 kilometers in hydraulic concrete and paving stones in six stretches of roads distributed throughout the country."
The loan approved by the Nicaraguan Assembly complements the financing needed to expand the Juan Pablo II highway, whose total investment is $275 million.
The loan approved by the Nicaraguan Assembly complements the financing needed to expand the Juan Pablo II highway, whose total investment is $275 million.
From a statement from the National Assembly of Nicaragua:
With the two loans approved by the National Assembly of Nicaragua, schools will be built in the Caribbean area and the Juan Pablo II highway will be expanded in Managua.
One of the loans approved by the Assembly is for $55 million, which will be used to build, remodel and expand 45 schools, 20 in the North Caribbean Autonomous Region, five in the South Caribbean Autonomous Region and five in the municipality of Rio San Juan.
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 loan from CABEI renovation of the John Paul II runway and the construction of overpasses will be partially financed.
From a statement issued by the Central American Bank for Economic Integration (BCIE):
Tegucigalpa January 30, 2017.-The Board of the Central American Bank for Economic Integration (CABEI) approved a loan of US $105.4 million to the Republic of Nicaragua for the partial financing of "Project for Renovation of the John Paul II Runway and Construction of Overpasses."
With IDB financing the highway connecting San Pedro Sula to Tegucigalpa and the road that connects to Puerto Cortés, will be extended.
From a statement issued by the Inter-American Development Bank:
Honduras will improve two major road corridors, increasing lanes and renovating several sections with the help of a loan of US $75 million from the Inter - American Development Bank (IDB).
Financing from the CABEI will be used for the construction of two sections road measuring 58 kilometer in the departments of Managua, Carazo and Granada.
From a statement issued by the CABEI:
Managua, November 15, 2016.-The Central American Bank for Economic Integration and the Government of the Republic of Nicaragua signed a loan for US $67.0 million to finance the project "Improvement of Tranches of Nejapa Road - El Crucero - Diriamba - Jinotepe-Nandaime" consisting in the construction of two highway sections using hot asphalt mix, which together total 58.13 kilometers, located in the departments of Managua, Carazo and Granada.