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

  • Philippines’s NEDA to consider two road PPP projects in November
    November 12, 2015
    The National Economic and Development Authority (NEDA) will consider approval of seven Public-Private Partnership (PPP) projects, two of them highways, by the end of this month. The highways are the US$516 million Manila connector road and the $209 million Plaridel toll road. A report by the Manila-based Business World Online newspaper said the deals are worth around US$3.65 billion.
  • A11 Belgium motorway is first EIB Project Bond Initiative funded project
    March 27, 2014
    Belgium’s €577.9 million A11 motorway Public-Private Partnership (PPP) project has become the first greenfield infrastructure works to receive credit enhancement under the European Commission and EIB (European Investment Bank) Project Bond Initiative. The financing, secured by an EIB letter of credit, is part of the test phase for the 2012 Brussels-launched Project Bond Initiative aiming to invigorate capital market financing for infrastructure projects. The A11 motorway is due for completion in 2018. The
  • The ERF fully supports the PPRS Nice 2018
    May 16, 2017
    The first Pavement Preservation and Recycling Summit (PPRS) took place in Paris in February 2015. This event, with more than 1,000 participants, represented an essential milestone for the road community in Europe and beyond. With its impressive programme, it highlighted the necessity to better preserve and maintain road infrastructure and urban road networks, as fundamental support towards the mobility of people and goods. This event gave public and private stakeholders the opportunity to present a variety
  • Mexico introduces new professional roles to address road safety
    June 24, 2013
    *Ana Maria de la Parra introduces the new external road operation supervisors and fatal accident appraisers who could make a vital contribution to improving the efficiency and safety of highways in middle-income countries like Mexico. Sometimes it is difficult to pin down the perception of a country like Mexico in the popular international mindset. Visitors travelling to Mexico City for the first time are often amazed by its size. They are also frequently taken aback by how unexpectedly advanced it is in te