Russia and Nicaragua signed on Tuesday an agreement on the supply of 250 Russian buses to the Latin American country as part of gratuitous aid program.
Russia has already donated 130 buses to improve public transportation in Nicaragua under an agreement signed during a visit of Nicaraguan President Daniel Ortega to Moscow in 2008.
The new deliveries will be made in a four-month period starting in December 2010 and comprise buses with more powerful engines and better suited for operation in tropical conditions.
Part of the earning from the operation of these buses will form a special fund, which could be used later to purchase additional buses from Russia.
Russian Deputy Foreign Minister Sergei Ryabkov said in June that Russia would provide Nicaragua with $10 million to help the Latin American country tackle its budget deficit.
Russia's ties with Nicaragua were boosted in 2008 when Nicaragua became the first Latin American country to join Moscow in recognizing the independence of Abkhazia and South Ossetia.
Venezuela has also since recognized the two former Georgian republics as independent.
MEXICO, August 18 (RIA Novosti)