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Nicaragua analyze actions to promote the development of land and maritime infrastructure
By Guy José Bendaña-Guerrero & Asociados
As part of the memorandum of understanding signed between the Central American Bank for Economic Integration (CABEI) and icaragua, a CABEI mission and government authorities analyzed the mechanisms and actions for the construction of the port located within Bluefields Bay in Nicaragua's Southern Caribbean.
According to the results of the complementary studies carried out by an independent consultant, this project is feasible and its construction, according to the feasibility studies, would require an investment of USD 594 million.
"As CABEI, we are part of the competitive and productive transformation of the Republic of Nicaragua and we are certain that the port of Bluefields would become a first-class port in the Caribbean. In addition, it would eliminate the country's dependence on other ports in neighboring countries and reduce costs for Nicaraguan exporters, allowing the country to compete for exportable cargo," said CABEI Executive President Dante Mossi.
CABEI is currently analyzing an innovative business structure for greater benefit to the country, and with this "Credit Facility" financing structure, no sovereign public debt will be generated, in addition to the collaboration of private sector companies for the construction of this project of great economic and social impact.
The deep water port, which would be located in Bluefields Bay, includes among its components the construction of port infrastructure, a 7.2 kilometer access road to connect to the national road network, equipment, as well as maritime access and dredging.
Bluefields has a population of 113,451 inhabitants, 94.9% of whom live in poverty and extreme poverty, and is the only place in Nicaragua where six different ethnic groups coexist. It also has significant economic potential, mainly in the form of agricultural industries for export (palm oil, fertilizers, cereals), so the construction of a seaport is key to the urgent economic and social reactivation of the area.
Guy José Bendaña-Guerrero & Asociados
GUY JOSE BENDAÑA GUERRERO & ASOCIADOS has a long and prosperous tradition in the field of intellectual property (IP) in Nicaragua, with roots that go back to more than 100 years, resulting on long-term relationships with renowned clients and attorneys worldwide.
The firm has its origins in the law firm Henry Caldera & Henry Caldera-Pallais, founded in 1907 by Mr. Henry Caldera. That same year of 1907, through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law. In the late 1930’s, Mr. Caldera’s oldest son, Dr. Henry Caldera-Pallais, after studying law in Nicaragua, attended the University of Michigan, where he graduated as a Registered U.S. Patent Attorney. Dr. Caldera-Pallais in 1964 was a founding member of the Interamerican Association of Intellectual Property (ASIPI), the first regional intellectual property organization in the Americas. The firm continued to grow during the administration of Dr. Franklin Caldera, son of Dr. Caldera-Pallais, who obtained his doctoral degree in law from the Universidad Centroamericana in 1973.
Since 1985 the current partners, Dr. Guy José Bendaña Guerrero and Mrs. Blanca Aragón de Bendaña, took over the management of the firm. Dr. Bendaña Guerrero, Director of the firm, has distinguished himself as one of the most respected authorities in Central America in the field of intellectual property and law in general, being the author of several books such as “Course of Industrial Property Law”, “Study of the new Laws of Industrial Property” and “New Study of Contracts “, among others. Mrs. Aragón de Bendaña has served as the firm’s general manager and, thanks to her excellent management, the firm has been in constant growth, with a highly qualified staff committed to excellence. Since 1996, partner Julián José Bendaña Aragón joined the firm, and has been standing out as one of the most recognized attorneys in the field of intellectual property.
We have adapted to the constant change of the business world, supporting our clients in finding the most appropriate legal solutions for each moment. The firm distinguishes itself by understanding the needs of its clients, offering personalized service and adding value to its activities.
Nowadays we continue to be the leading firm in Nicaragua in the area of intellectual property, and at the same time, we have been consolidating other areas of service within the civil, commercial and labor fields, as well as litigation and consulting in general. The firm is well positioned to guarantee a pragmatic service that meets the requirements of the most demanding clients.
