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Railroad From Mangua to Grenada; Top Project of Joint Russian Nicaraguan Business Pact

Article Summary:

At an estimated cost of $52 million, Russian Transport Ministry will invest heavily in the construction of a railway from Managua to Granada. This is the first of many projects in a new bilateral cooperation agreement between Nicaragua and Russia. In the works also is the joint use of outer space for the use of satellite mobile communication and global positioning.

Photo Credit: La Prensa Nicaragua

Original Article Text From La Prensa Nicaragua via Google Translate :

Cooperation Between Russia and Nicaragua Grow

The mission of the Nicaraguan government and businessmen who traveled to Russia managed to expand bilateral cooperation and arouse the interest of strengthening the trade and investment.

In Moscow, Russia, the Nicaraguan Minister of Development, Industry and Commerce, Orlando Solorzano, and Russian Deputy Foreign Minister Sergei Ryabkov, signed an agreement for economic cooperation and scientific and technical information. The scope of this is the joint use of outer space for the use of satellite mobile communication and global positioning.

U.S. $ 52 million is the cost in 2009 was estimated for the construction of a railway to Managua to Granada.

The coordinator of the Communication and Citizenship Council of the President and First Lady, Rosario Murillo, confirmed the interest of the Russian Transport Ministry to invest in a network of railways in Nicaragua.

The Russian government is interested in the construction of rail infrastructure between the cities of Managua and Granada.

ALSO PRIVATE
The private sector also performed well with this mission trip.

Sergio Rios, president of the mining company Hemco reported that a Russian supplier agreed to supply 1,000 tons of cyanide a year for gold processing.

Link to Original Article:

From La Prensa Nicaragua

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