Skip to main content

Honduran highways having US support

Support for the development of the Honduran highway network is coming from the US. The Millennium Challenge Corporation (MCC), a US Government body, is currently hoping to hire a consultancy that will be able to advise the Honduran Government on developing its highway concession programme, reports Business News Americas. The winner of this process will assist the Honduran infrastructure and public services ministry (Insep) and the superintendent of public-private partnerships in managing road concessions. K
September 8, 2014 Read time: 1 min

Support for the development of the Honduran highway network is coming from the US. The 2707 Millennium Challenge Corporation (MCC), a 908 US Government body, is currently hoping to hire a consultancy that will be able to advise the Honduran Government on developing its highway concession programme, reports Business News Americas. The winner of this process will assist the Honduran infrastructure and public services ministry (Insep) and the superintendent of public-private partnerships in managing road concessions. Key projects in focus will include a logistical corridor, a tourism corridor and the Lenca corridor. The period of the initial consultancy package will be for 12 months, with possible extensions. MCC is offering to finance the consultancy process as part of a three-year, US$15.7 million programme aimed at improving PPP processes in Honduras.

For more information on companies in this article

Related Content

  • EBRD supporting Skopje road rehabilitation
    May 1, 2012
    The European Bank for Reconstruction and Development (EBRD) is supporting the modernisation of the urban roads system in the Macedonian capital Skopje, with a ?5.6 million loan to introduce a modern traffic management system and upgrade one of the key arteries in the city.
  • Turkey is investing in new motorway and bridge projects
    May 29, 2013
    Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
  • New Argentina highway construction work
    January 11, 2019
    Construction is underway for Argentina’s new Mendoza-San Juan Highway – Mauro Nogarin reports The rehabilitation and maintenance works of more than 3,300km of routes is now underway in Argentina. This followed on after the takeover of six new road corridors under the Public-Private Partnership (PPP) model, which took place in August 2018. The rehabilitation and maintenance works are being carried out prior to the start of the main projects, which will include the construction of highways. Building these
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation