CABEI grants $15 million loan to improve air traffic in the region
GUATEMALA CITY – The Central American Bank for Economic Integration (CABEI) approved a $15 million loan to improve the technological development of air navigation services in the region, the financial institution said on Wednesday in a press release.
The loan was signed in Tegucigalpa, Honduras, by CABEI CEO Nick Rischbieth and representatives of the Central American Corporation for Air Navigation Services, a regional organization that will manage the resources.
The agreement “will allow technological development in air navigation services, which will result in a safe and efficient delivery of traffic control services in Central American airspace.”
The project involves the purchase and installation of a radar in Las Nubes, Nicaragua.
“This operation is an example of our efforts to finance infrastructure projects that will boost the competitiveness of the region,” Rischbieth said.
You may be interested
Costa Rica urges ‘democratization’ of global vaccine processAFP - April 19, 2021
Costa Rica on Saturday called to intensify Covid-19 vaccine production and to democratize their distribution to meet the needs of…
5 Things You Might Not Know About Patacones in Costa RicaJack Donnelly - April 18, 2021
Take a hard green plantain (plátano), cut it crosswise into rounds, fry them in oil, mash them flat, and fry…
How Does Coffee Pulp Help Costa Rica Reforestation?STEVEN HODEL - April 18, 2021
While the ever growing demands of society continue to encourage the destruction of tropical forests, like in Costa Rica, there…