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 reopens to key tourism market as it welcomes Mexican visitorsAlejandro Zúñiga - September 26, 2020
Costa Rica will open its doors to the arrival of tourists from Mexico, after considering a drop in reported Covid-19…
Costa Rica tourism: What states might be allowed next? [updated]Alejandro Zúñiga - September 26, 2020
Since September 1, Costa Rica has welcomed tourists from a growing number of U.S. states. According to Gustavo Segura, Costa…
Costa Rica coronavirus updates for Friday, September 25Alejandro Zúñiga - September 25, 2020
Costa Rica announced 17 new coronavirus-related deaths over the last day for a total of 812, according to official data…