Italian Company to Build Coastal Road in NicaraguaThe government has signed agreement of understanding with an Italian consortium for the design and construction of the road with an investment of $200 million.Tuesday, November 22, 2011 The Italian consortium composed of Unieco, CCC and Pizzarotti, will present in January next year designs for the 138 km road that begins in El Naranjo, on the border with Costa Rica and extend to Masachapa, in the capital. Source: elnuevodiario.com.ni Tourism: Interest from European Investors in NicaraguaOctober 2011 The project attracting the most attention from Italian road building companies was the coastal road on the south coast, being seen as a hub of tourist development. Nicaraguan Tourism Industry Continues to GrowMarch 2011 Industry insiders expect 8% to 10% growth in 2011. New Tourism Investments in NicaraguaOctober 2011 With an investment of about $20 million the Institute of Tourism has announced the construction of two marinas in the Caribbean and a hotel in Leon. Rejuvenation of Tourism Center in GranadaJuly 2011 5 projects will be developed with $1.5 million, in an attempt to recover the historical center of the Nicaraguan city of Granada. |
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