Finance breakthrough to restart construction of key Honduras road corridor

The resolving of financing issues means that works to complete the corridor from the Comayagua valley to Goascoran, in Honduras, will resume soon. It is understood that both the Central American Bank for Economic Integration (CABEI) and Brazil's development bank Bandes have granted a loan of US$145 million. The new corridor will link the south with the north of Honduras and will be interconnected with existing road infrastructure, such the section between Tegucigalpa and Flores, in Comayagua. In total, som
February 17, 2014 Read time: 1 min
The resolving of financing issues means that works to complete the corridor from the Comayagua valley to Goascoran, in Honduras, will resume soon.

It is understood that both the 863 Central American Bank for Economic Integration (CABEI) and Brazil's development bank Bandes have granted a loan of US$145 million. The new corridor will link the south with the north of Honduras and will be interconnected with existing road infrastructure, such the section between Tegucigalpa and Flores, in Comayagua. In total, some 54km of new roads will be developed by Brazilian construction companies Queiroz Galvao and BOaEnse. Upon completion, the new corridor will be operated by a Peruvian-Colombian consortium over a 30-year period.
Road Structures

For more information on companies in this article

Related Content

  • Guatemala seeks CABEI US$400mn loan to develop over 500kms of rural roads
    November 15, 2013
    Guatemala is to negotiate a loan of US$400 million with the Central American Bank for Economic Integration (CABEI) to develop rural roads. The loan will be on top of loans of $200 million taken from the World Bank and of $237 million taken from the IADB for the same purpose. The nation’s government says that with $150 million alone it could also build nearly 500kms of rural roads. The authorities would also like to replace some of existing bridges. Between 60 and 70 temporary bridges are earmarked to be re
    Read More
  • Poland's ambitious highway construction plans
    July 10, 2012
    The European football championships are among a number of things pushing Poland's ambitious highway building programme. Patrick Smith reports. Poland is planning to spend a colossal €4.57 billion on road projects in 2009, a 35% increase over the previous year. T
    Read More
  • Guatemala seeks US$920mn of international loans for fast motorways
    December 16, 2013
    Guatemala’s Ministry of Communications, Infrastructure and Housing is seeking international loans of US$920 million to transform three national road sections into fast motorways. The loans could be obtained at some stage in 2014. One negotiated with the Central American Bank for Economic Integration (CABEI), of $280 million for the widening of CA-2 Oriente motorway to a four-lane motorway, is reportedly at its final stage. The bank has given its approval already and it is only the Monetary Council that has
    Read More
  • Serbia’s pan-European Corridor X is in the slow lane
    October 23, 2017
    It’s been slow progress on Serbia’s Corridor X project. Gordon Feller reports. Back in the early 2000’s, the European Union undertook an ambitious programme to link the main cities of its south-eastern region. This involved connecting five key seaports – the Greek cities of Patras, Igoumenitsa, Piraeus and Thessaloniki as well as Romania’s Black Sea city of Constanta. Initially the plan involved two motorways across Greece. The first was a new 780km route including a branch to Ormenio on Greece’s north-eas
    Read More

Highlighted Content