Honduras contractors face challenges

The authorities in Honduras have excluded a number of contractors from taking part in the construction of the central highway project. The firms in question do not meet technical and financial requirements set by the World Bank, which is supplying funding for the projects.
May 4, 2012 Read time: 1 min
The authorities in Honduras have excluded a number of contractors from taking part in the construction of the central highway project. The firms in question do not meet technical and financial requirements set by the 2332 World Bank, which is supplying funding for the projects. At least 10 companies are affected and this situation is said to place major concerns over their future. The Construction Industry Association of Honduras (2326 CHICO) is keen for local firms to be given equal opportunities to take part in major road construction projects however. It says that increasing the number of participants allowed would help improve transparency and result in more competitive pricing.

For more information on companies in this article

Related Content

  • The importance of road maintenance
    July 15, 2015
    Gülay Malkoc discusses the importance of investing in road maintenance.
    Read More
  • The ADT offers hauling versatility
    May 20, 2014
    The ADT offers a highly versatile option for earthmoving applications and manufacturers are offering new and improved models with the latest low emission engines - Mike Woof writes The versatility and adaptability of the ADT has seen this type of machine become one of the most important types of equipment for the global off-highway machinery sector. The once popular motor scraper now sells in only limited numbers, even in the US, and has been replaced by the more versatile excavator and ADT combination o
    Read More
  • Paying for the roads we drive
    February 6, 2018
    All around the world, vehicle numbers are growing fast and existing roads are seeing increasing congestion. This rapid increase in vehicle ownership is particularly acute in the developing world. Reductions in actual vehicle purchase costs have resulted in an explosion in vehicle numbers using the roads. In the past, governments were able to fund road expansion programmes from their own sources. The most ambitious of these came when the US Government commenced construction of the Interstate system in 1956,
    Read More
  • Albania funding
    June 25, 2012
    In Albania the government is giving its approval for an €80million (US$104.4million) loan being provided by the European Investment Bank (EIB). The project is for the Fier bypass, which forms part of the Tirana–Vlora highway. The project has faced a series of delays since work commenced a number of years ago. However, this new funding will help ensure that the work is completed.
    Read More

Highlighted Content