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Latin America Investment News on Viva Tropical

$50 Million in Road Repairs for Nicaragua

Article Summary:

The government of Nicaragua and the Central American Bank for Economic Integration (CABEI) have signed a loan agreement for $50 million. Funds are slated for the renovation and maintenance of roads and highways in the country.

Photo Credit: Ministry of Transport and Infrastructure (Nicaragua)

Original Article Text From Ministry of Transport and Infrastructure (Nicaragua) via Google Translate :

Government Signs Contract For $50 Million Loan With Cabei

The Government of Unity and National Reconciliation and the Central American Bank for Economic Integration (CABEI) signed a loan contract for $ 50 million for Rehabilitation and Maintenance of Roads and Highways in the country.

This loan will increase the paved roads, paved and all weather roads in productive areas.

The owner of MTI, Pablo Fernando Martinez Espinoza explained that a total of 135 miles will be paved, and that 6 municipalities already have their road.

¨ With this we are giving roads to 6 municipalities that have years that are populated and centuries of being incommunicado ¨, the official said.

The main sections where these projects will be implemented are: North San Rafael-San Sebastián Yali, the stretch of Old Doors-Esquipulas; section of the Sirena-Joint Irrigation, Road Segment The Myrtle-Old Town, improvement of the folder Bearing the Way Santa Rosa-Comalapa-Camoapa; stretch of road to San Lucas-The Sheets; Improvement of the road section La Libertad-Santo Domingo, and the improvement of Junction Road Mina El Limon Mine Limon.

Silvio Conrado, CABEI’s representative in Nicaragua, said that with these projects will benefit over 165 thousand inhabitants of Jinotega, Esteli, Nueva Segovia, Madriz, and Leon Chontales, emerging market their products.

¨ Here you go products such as meat, milk, cheese, coffee, sesame seeds, and grains snuff …. It is a highly productive area ¨, Conrad

Link to Original Article:

From Ministry of Transport and Infrastructure (Nicaragua)

Latin America Investment News on Viva Tropical