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Nicaragua to invest at least $50m
01 Apr 2007
Nicaragua's National Port Authority is to borrow $50m over the next five years to invest in upgrading ports.
Corinto will benefit from funding in Nicaragua’s ports
In addition to replacing obsolete and deteriorated equipment at Corinto, El Rama and Sandino ports, serious operational issues will also be addressed.
The floating dock will be rebuilt at El Rama, the terminal at Sandino will be improved, while the dock at Puerto Cabezas is to be repaired. In addition, Corinto will acquire two new tugs capable of working with much longer ships.It is also proposed to acquire a new gantry crane for Corinto from the government of Japan.
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