The Border Integration Program will focus on the modernization of five land border crossings. Three with Honduras; El Espino, Las Manos and Guasaule as well as two with Costa Rica; Peñas Blancas and San Pancho.
The US $100 million required to complete the project will come from two outside sources; The Inter-American Development Bank (IDB) who have already approved their US $ 55 million and the non-reimbursable cooperation of the European Union (EU) of US $ 23 million. The remainder will come from the Government of Nicaragua.
No time frame was given other than a comment from the Minister of Finance and Public Credit, Iván Acosta who said “We hope that in the next 24 months we will have made important progress with the border crossings of Peñas Blancas, San Pancho and Guasaule.
Acosta explained that the border program anticipates the doubling of export and import volumes over the next ten years which will require greater efficiency and effectiveness at the border posts.