BUS RAPID TRANSIT CORRIDOR

Promoter – Financial Intermediary

MANAGUA MUNICIPALITY

Location

• Nicaragua

Description

The project concerns the construction of a 9.6 km bus rapid transit (BRT) line in Managua, with segregated preferential lanes dedicated to high-capacity bus services. The BRT corridor is aligned with the Juan Pablo II avenue, a main inner ring road crossing the city from east to west and connecting the central districts to the suburbs and to the Pan-American interurban road network.

Objectives

The proposed project is in line with the EIB's External Lending Mandate 2014-2020 (ELM) as it will contribute to the fulfillment of the following main objectives: (i) climate change mitigation (i.e. fostering use of transport cleaner modes), and (ii) supporting social and economic infrastructure (i.e. improving public transport network and road safety) in Managua. It will also contribute to the implementation of the European Consensus on Development and help to achieve several Sustainable Development Goals (SDG8, SDG11 and SDG13).

Comments

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Sector(s)

• Transport

Proposed EIB finance (Approximate amount)

USD 136 million (EUR 127 million)

Total cost (Approximate amount)

USD 275 million (EUR 257 million)

Environmental aspects

If the project was located within the EU, it would fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as amended, and would thus require a screening decision from the competent authority. Even though a formal EIA is not required under the applicable legislation in Nicaragua, an environmental impact study has been carried out.

Procurement

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Status

Signed - 15/05/2017