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Nicaragua Signs US$149 Million Finance for Road Infrastructure

Photo for illustrative purposes
Photo for illustrative purposes

 

TODAY NICARAGUA – The Central American Bank for Economic Integration (BCIE) has approved a loan of us$149 million for the construction of 126 miles of road between the towns of Mulukukú and Siuna.

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From a statement issued by the BCIE:

The Central American Bank for Economic Integration (BCIE) and the government of Nicaragua signed a loan for us$149.2 million to finance the ‘Project to Improve Rural Roads and Highways with a Connection to the Nicaraguan Caribbean ‘.

The project involves the construction of 126.65 miles of pavement, connecting the Municipalities of Mulukukú and Siuna with 44.61 kilometers, El Rama, Kukra Hill and Laguna de Perlas with 52.58 km and 29.46 km, connecting areas agricultural Matagalpa and Jinotega. The project will benefit 195 000 inhabitants and 85% of all cattle farms in the country, which are located in this area.

This initiative is in line with the Institutional Strategy of the CABEI, in particular the strategic axis of Social Development, specifically targeting the area of ​​Human Development and Social Infrastructure.

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