The Ortega-Murillo regime seeks $122 million in loans from BCIE and OPEC for road projects
The Ortega-Murillo dictatorship seeks to finance Section B of road expansion in Estelí, Somoto, Managua, and Jinotepe, as well as the Masaya-Sabana Grande highway through two loans totaling $122 million.
TL;DR
- Nicaragua's government is seeking two international loans totaling $122 million for road construction.
- One loan of $97 million is from the Central American Bank for Economic Integration (BCIE) for a road expansion and improvement project (Section B).
- Another loan of $25 million is from the OPEC Fund for International Development (OPED) for the Masaya-Sabana Grande road project.
- The Masaya-Sabana Grande project involves constructing a 4.4-kilometer bypass intended to ease traffic congestion in Managua.
- Both the BCIE and OPED have previously financed infrastructure projects for the current Nicaraguan administration.