This year multinational plans to invest that amount in remodeling, maintenance, new units, electronic commerce, and logistics and distribution.
From a statement issued by Walmart of Mexico and Central America:
Mexico City, 10 March 2016.- In 2016 Walmart de Mexico and Central America will invest an estimated $14.700 million pesos ($866 million), 17% higher than the total amount invested last year.
At a cost of $60 million, the Italian company Franco Tosi Meccanica will start renovating in January 2013 the "Central America" and "Carlos Fonseca" hydropower stations.
In December 2008, the Inter-American Development Bank (IDB) approved a $40.2 million loan for this project, which five years later looks set to materialize, now with additional funding from the Central American Bank for Economic Integration (BCIE).
The resources will be used to finance three sea terminals and their maintenance.
Virgilio Silva, president of EPN, the Nicaraguan Ports Corporation, explained that $22 million will be used to fund 50% of the construction costs of a port in Bilwi.
“It will be a concrete port, 1.000 meters long, 10 meters wide and 10 meters deep”, explained Silva.
He also commented that the design of the Monkey Point Port is ready, but lack of a proper port law is delaying the public bidding process.