The objective is to contribute to economic development and poverty reduction in Nicaragua, with a focus on the Caribbean coast, by improving the condition of the transportation infrastructure in rural areas of the country with a high incidence of poverty, facilitating the integration of production areas and consumption areas and access to public and social services for the population of those regions. The specific objective of the program is to improve the traffic flow quality and accessibility of the targeted road segments by reducing average vehicle operating costs and shortening travel times, promoting sustainable movement of goods and passengers by improving the road infrastructure and adopting specific environmental and social management measures (paragraph 1.25).
|Subsector||TRANSPORT-TRANSPORT NETWORKS CONNECTIVITY|
|Project Type||Loan Operation|
|Environmental and Social Impact Category||A|
|Approval Date||NOV 23, 2016|
|Contract Signature Date||DEC 1, 2016|
|IDB Financing *||87.00|
|Total Cost H||USD 89,839,000|
|Country Counterpart Financing||USD 2,839,000|
|Reporting currency||USD - United States Dollar|
|Reporting Date||SEP 30, 2017|
|Undisbursed Amount H||USD 77,000,000|
|Disbursed to Date R||USD 10,000,000|
|Amount Outstanding R||USD 10,000,000|
|Income Collected R||USD 97,249|
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