TODAY NICARAGUA – With a loan from South Korea the plan is to develop a project in the city of Juigalpa, whose tender will include an invitation to Korean companies to take part.
It is anticipated that the design of sewer system and water treatment plant will be done no later than April.
The bidding process is scheduled to start in late March, with the construction of the project expected to take approximately three years.
Ambassador of the Republic of Korea in Nicaragua, Doo Sik Kim told Laprensa.com.ni that “… Nicaragua will receive $76 million as a loan and the contract must be signed by the Minister of Finance in China.
At the end of the first quarter of 2015, we should be starting the project and Korean companies will be able to take part in the bidding process, but most of the staff that will be used will be local labor. “