CABEI grants $15 million loan to improve air traffic in the region

February 6, 2013

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

Honduran opposition protesters take to the streets
Central America
1130 views
Central America
1130 views

Honduran opposition protesters take to the streets

Noe Leiva / AFP - December 15, 2017

Supporters of the leftist opposition in Honduras blocked streets in various cities around that country on Friday, despite political repression,…

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada
Please Send Coffee!
2153 views
Please Send Coffee!
2153 views

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada

Gustavo Díaz Cruz - December 14, 2017

My mom named me Gustavo Adolfo. I was born in Puntarenas, next to the sea, but my home was in…

Response to disaster: aid successes, struggles in post-Maria Puerto Rico
Weather
1497 views
Weather
1497 views

Response to disaster: aid successes, struggles in post-Maria Puerto Rico

John McPhaul - December 13, 2017

As Costa Rica joins many other nations in looking back upon the horrendous 2017 hurricane season, longtime Tico Times contributor…