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- Operations
- Ochomogo-Las Salinas Rural Road Project
Ochomogo-Las Salinas Rural Road Project
Nicaragua
| Borrower | Nicaragua |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Transportation |
| Approved | 15.09.2020 |
| Signed | 15.10.2020 |
| Status | Ongoing |
| Loan Administrator | OPEC Fund |
| Executing Agency | MTI |
| Co-financiers | Government |
| OPEC Fund Contribution (US$m) | 30.00 |
| Total Project Cost (US$m) | 33.90 |
To promote sustainable socio-economic development in rural areas by upgrading a 29 km road important for key economic activities such as agriculture, animal husbandry and tourism. Around 83,000 people in the project area will directly benefit from lower transport costs, higher household incomes and better access to education, health, and other social services.