The European Investment Bank (EIB) is providing USD 136 million to finance the construction of a new Bus Rapid Transit (BRT) line in Managua to run alongside Avenida de Juan Pablo II, one of the capital’s main arteries. The new corridor – nearly 10 km long – will be used by high-capacity buses, improving transport services between east and west Managua, providing connections between the suburbs and the centre and helping to lighten traffic in one of the most congested parts of the city. The loan agreement was signed today in Luxembourg by EIB Vice-President Román Escolano and the Minister of Finance and Public Credit of the Republic of Nicaragua, Iván Acosta Montalván. Mr Acosta was accompanied in the signing ceremony by a delegation consisting of the Minister for Energy and Mines, Salvador Mansell, Nicaragua’s Ambassador to the European Union, Lautaro Sandino Montes, and the Director of Public Credit, Uriel Pérez Acuña.
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