Parliament also approves loan with BCIE for 97 million dollars
These are resources that the Ministry of Transport and Infrastructure will use for the XI Road Expansion and Improvement Program.
TL;DR
- Nicaragua's Parliament approved a $97 million loan from the BCIE for road improvement projects.
- The funds will be executed by the Ministry of Transport and Infrastructure for the XI Program for the Expansion and Improvement of Roads.
- Previous projects financed by BCIE include road construction and expansion in Estelí, Las Manos, Diriamba-Jinotepe, El Guasaule, and Las Piedrecitas-Los Brasiles.
- Parliament also approved a $25 million loan from the OPEC Fund for International Development for road construction on the Masaya-Sabana Grande highway.
- This road construction will be executed by the Mayor's Office of Managua.