Nicaragua and the People’s Republic of China will carry out a housing construction program that will benefit 12,000 people in 84 municipalities in the country, announced Vice President Rosario Murillo.
“The first phase of the national housing program that was agreed yesterday, confirming the beginning of the first phase Nicaragua-China, will be carried out in Managua and will begin in the coming days, preparing the second phase; 920 houses will be part of the first phase and there are 12 thousand houses in 84 municipalities that will be developed in this program that is truly a program of great importance for our people,” she said.
The two countries are finalizing the agreement signed in April 2022, in which it was decided to invest around 400 million Chinese yuan (approximately 60 million dollars) to continue expanding the Sandinista Revolution’s housing projects.
With the reestablishment of their diplomatic relations, China and Nicaragua have agreed to promote a broad portfolio of projects in social housing, donations of health supplies, vaccines against COVID-19 and training, with which both nations are committed to continue advancing in cooperation ties.
Zhao Fengtao, Vice President of the International Development Cooperation Agency, highlighted that the initiative is part of “a new impulse to the advances” in the “cooperation” between the two governments.
“We are gathered here to address the future development of bilateral relations, with a view to creating a better future for both countries,” the Chinese official said.
Housing throughout the country
Minister of Finance, Iván Acosta, on behalf of the Sandinista Government, highlighted the importance of the cooperation reached with the Chinese government, and with which it has “prepared an important plan” for the population, which will allow “progress in the construction of more housing” in all departments of the country.
At the same time, Acosta said that, this housing technical assistance project with non-reimbursable funds, comes to strengthen this broad program that is stipulated in the government’s plans.
For his part, Presidential Advisor Laureano Ortega expressed appreciation for Beijing’s cooperation, adding that “the government of Nicaragua has joined all the initiatives proposed by President Xi Jinping.”
“All this in the framework of non-reimbursable cooperation with that enormous solidarity and the great heart that the Chinese government and people have shown, for the government and people of Nicaragua.”