Nicaragua approves road rehabilitation loan
Nicaragua's national assembly approved a US$35mn loan agreement on Tuesday that was signed by the national transport and infrastructure ministry (MTI) and the World Bank to finance rehabilitation and upgrade works on three roads.
The funds will serve to improve urban and rural access roads, "impacting productivity levels and facilitating transport and access to basic services in the country's vulnerable rural communities," the assembly said in a release.
The sections of road, which total 41.1km, connect Granada to Malacatoya (8.3km), Cárdenas to Colón (13.7km) and Macuelizo to Santa María (19.1km). They will be paved with cobblestone, benefitting around 180,000 people, according to information from the World Bank.
The implementation of the projects requires investments of US$38mn, of which the national government is expected to provide US$3mn to complement the aforementioned loan.
The loan, which was signed in April, has a maturity of 30 years, with a 10-year grace period.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Infrastructure (Nicaragua)
CentAm development bank has 'many projects on the table'
Dante Mossi, executive director of the Central American Bank for Economic Integration (Cabei), talks with BNamericas about the projects that will l...
Treasury Sanctions Senior Nicaraguan Government Officials, Increasing Pressure on President Ortega’s Regime
Treasury Sanctions Senior Nicaraguan Government Officials, Increasing Pressure on President Ortega’s Regime
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Infrastructure
Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Almafuerte II penitentiary complex
- Current stage:
- Updated:
1 week ago
- Project: Epizana - Comarapa Highway Stretch Rehabilitation and Reconstruction
- Current stage:
- Updated:
1 week ago
- Project: Cananea - Agua Prieta highway
- Current stage:
- Updated:
1 week ago
- Project: Piura airport modernization
- Current stage:
- Updated:
1 week ago
- Project: RINCON DE LOS SAUCES HOSPITAL COMPLEXITY IV COMPLETION
- Current stage:
- Updated:
5 months ago
- Project: REMODELING AND REFUNCTIONALIZATION OF HOSPITAL DR. RAMON CARRILLO SAN CARLOS DE BARILOCHE
- Current stage:
- Updated:
5 months ago
- Project: WORKS IN MUNICIPALITIES RM. URBAN (LOW LEVEL BRIDGE AT THE INTERSECTION OF RP N 4 AND RP N 16 (CAMINO CINTURA AND AV. H. IRIGOYEN))
- Current stage:
- Updated:
1 year ago
- Project: PAVIMENTO AV LOS LIRIOS Y AV HENRY NESTLE
- Current stage:
- Updated:
2 years ago
- Project: HOSPITAL DR. ALDO CANTONI - ST.
- Current stage:
- Updated:
5 months ago
- Project: UNIVERSITY HOSPITAL MALVINAS ARGENTINAS (HUMA)
- Current stage:
- Updated:
5 months ago
Other companies in: Infrastructure (Nicaragua)
Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Ministerio de Transporte e Infraestructura de la República de Nicaragua  (MTI Nicaragua)
-
Ministry of Transportation and Infrastructure (MTI) of Nicaragua is responsible for managing and promoting the development of public infrastructure and transportation in the cou...
- Company: Alcaldía de Managua
-
The Municipal Government of Managua, Nicaragua's capital city, is responsible for the sustainable development of the city, and provides works and services to the community. The ...
- Company: Consorcio Condisa Proyedsa
- Company: Kunhwa Co. Ltd.