Nicaragua revives Costanera highway project

Article Source: BNAmericas

Photo Source: La Prensa Nicaragua

By Angeles Rodriguez – Wednesday, January 25, 2017

The Nicaraguan government will launch construction of the Costañera del Pacífico highway in the next few weeks to boost the country’s tourism sector, vice president and first lady Rosario Murillo told reporters.

La Costañera Carretera Nicaragua

The 131km highway will stretch from the northern to the southern border of the country, helping connect main tourist areas located along Nicaragua’s Pacific coast, such as the beach resorts of San Juan del Sur, El Naranjo, Ostional, El Coco, La Flor, Marsella, Las Maderas, Majagual, Guacalito de la Isla, El Gigante, Tupilapa, Huehuete, Casares, La Boquita and Masachapa.

All the details regarding investments and providers, as well as the duration of the project, will be disclosed soon by President Daniel Ortega, local press reported.

“We will begin to work on the first stretch of the highway within the next few weeks,” Murillo said. “This project will help us attract investment, create more jobs, and improve the wellbeing of Nicaraguan families.”

LONG-DELAYED PROJECT

The project to build a highway along Nicaragua’s Pacific coast dates back to the administration of former president Enrique Bolaños in the early 2000s, according to local daily El Nuevo Diario.

During its first term, the Ortega administration was planning to award a 20-year concession to build and operate the highway to an Italian consortium. At the time, the estimated investment for the project was US$200mn, according to the paper.

Back in October, after congress approved a law to regulate public-private partnership contracts, the government presented a list of projects worth US$5.2bn that it said would be prioritized for investment, including the Costanera highway.

The list is part of a 2017-2021 investment and development program, which the government presented to local and international investors, foreign governments, and financial institutions.

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April 24th, 2015

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Offices in San Juan del Sur & Granada have some exciting news!

Buying and selling property in the hottest foreign investment markets in Nicaragua just got easier due the merging of RE/MAX Colonial Properties in Granada, and RE/MAX Coastal Properties in San Juan del Sur. Both buyers and sellers will benefit from the coordinated and consistent delivery of a myriad of comprehensive real estate services which are implemented in adherence to American business ethics. From the historic colonial structures of Central Americas oldest city, to volcanic lagoons, large fresh water lakes and the spectacular Pacific coast of this stunning country, the professionals at RE/MAX ensure that all transactions are efficient, precise and meet the clients’ needs, whether buying, selling or a renting. Our team of professionals in Granada and San Juan del Sur will make sure that buyers see all of the desireable properties that meet their criteria, no matter what part of the country it may be in. And sellers will continue to enjoy the benefits of their properties being advertised on the largest global real estate website in the world, as well as our Nicaragua websites that specialize in the most vibrant markets that are currently attracting worlwide attention for real estate investment.

 

If you are looking to sell your property in Nicaragua, don’t hesitate to contact us by clicking here or send an email to info@nicaraguaproperty.com and let us know the details of your property for sale.

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Walk to the Surf @ Maderas!

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Remanso Fixer-Upper

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Casa Mediterranea

One of our best deals! This is the perfect home to finish! The owner installed a new roof and rehabbed the main living room. The kitchen needs cabinets. Casa Mediterranea has a nice, long sitting area facing a 15 meter long (nearly 50 feet) swimming pool, and…

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Casa La Libertad

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Granada Hostel for Sale

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Thanks for taking the time!

 

 

Our teams of creative professionals at RE/MAX Coastal Properties & RE/MAX Colonial Properties continue to have the honor and privilege of assisting some of the nicest, most interesting, forward thinking and adventurous folks in the world achieve their tropical dream…..and we are here to make your dream a reality, too!

 

Also, if you are planning a trip to Nicaragua in the near future, don’t hesitate to contact Gabriela Castillo by clicking here to send her an email.  Be sure to include your planned travel dates, number of people in your party and desired vacation rental property.

 

On behalf of all of us here at RE/MAX Coastal Properties and RE/MAX Colonial Properties, thanks for taking the time to read this newsletter.  Please visit our website to see our newest listings & hottest deals. We hope to see you in San Juan del Sur soon!

 

 

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