Nicaragua highway funding deal secured

Repairs and improvement works will now go ahead on Nicaragua’s Pista Juan Pablo II highway in the capital, Managua.

The project is expected to cost close to $256 million to carry out. A portion of the funding required will come in the shape of a loan worth $105.5 million from the Central American Bank for Economic Integration.

Nicaragua’s Ministry of Treasury and Public Credit is aiming to receive the remainder of the funding necessary for the work through a loan from the European Investment Bank.

Source: World Highways