Friday 9 December 2022

Nicaragua’s North Caribbean To Get New Port

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9 December 2022 - At The Banks - BCCR

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TODAY NICARAGUA | A terminal in Bilwi, Puerto Cabezas, would streamline logistics of cargo which currently comes through the ports of Limon in Costa Rica and Cortés in Honduras.

If the plans of the National Port Company (EPN) are realised, the operator of the entire logistics system that involves moving goods through Nicaragua’s northern Caribbean could significantly improve their times. It will even open up more opportunities for shipping companies, since at the moment only 3 lines are operating in the Caribbean, compared to 15 in the Nicaraguan Pacific.

Specifically the town of Bilwi, Puerto Cabezas, could see a terminal with capacity to serve up to 4 million dollars worth of goods which currently have to go through the ports of Limón and Cortés (Costa Rica and Honduras, in that order), according to information given to Elnuevodiario.com by Virgilio Silva, chief executive of the EPN, who estimated the necessary investment to realize the project at $400 million.

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In addition to the possible new port, “… the Government of Nicaragua has announced that this year it will be investing $224 million in modernizing the country’s ports.” This includes construction of the Fourth Stage of Puerto Salvador Allende, the conclusion of San Juan del Sur and dredging of the port of Bluefields.

Source: elnuevodiario.com.ni

Read more Nicaragua news at Today Nicaragua

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