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El Fondo de Mantenimiento Vial (FOMAV)

El Fondo de Mantenimiento Vial (FOMAV)

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Last update: May 25, 2023 Last update: May 25, 2023
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Details

Legal residence:Nicaragua
Organization type:Government agency
Funding agencies:Other
 Other
Sectors:Roads & Bridges, Transport
 Roads & Bridges, Transport
Sanctions:
Status:
Active

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About

The Road Maintenance Fund (FOMAV), created in the year 2000, through Law No.355 and its reform, Law No.572, is an autonomous entity of the Nicaraguan state, with technical and administrative independence, to guarantee the conservation of the National Maintainable Road Network.

It began its operations with external resources, coming from credit agreements granted by the Inter-American Development Bank and the World Bank to the Nicaraguan government.

 

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