Nicaragua’s capital Managua is to benefit from a project to widen and upgrade the Pista Juan Pablo II road. Funding is being provide from a number of sources. The 1054 European Investment Bank (EIB) is providing US$136 million while the 863 Central American Bank for Economic Integration (CABEI) is providing $105.5 million. The council of Managua meanwhile will provide $33.4 million. The work will see upgrades to 9.55km of the route, which also includes building new flyover sections.
Meanwhile Nicaragua is planning road maintenance and repair work to nearly 3,300km of roads for 2018. The programme of works is being planned by the Road Maintenance Fund (Fomav). Funding will be provided by taxes of fuel. The size of the budget available has not been revealed but during 2017, some $51.2 million was made available for a similar programme of work.
