Honduras to spend $100mn for road projects in 2015

At least US$100 million will be injected into road projects in Honduras during 2015, the majority of which will be under Public-Private Partnership (PPP) deals. The schemes will provide a welcome boost to the construction sector, which recorded a drop of 50% during 2014. Construction started last year on a $271 million logistics corridor to connect the country’s Atlantic and Pacific coasts. The two-lane 390km highway will cut congestion in key urban areas along the route, as well as improving connections to
February 19, 2015 Read time: 1 min
At least US$100 million will be injected into road projects in Honduras during 2015, the majority of which will be under Public-Private Partnership (PPP) deals.

The schemes will provide a welcome boost to the construction sector, which recorded a drop of 50% during 2014.

Construction started last year on a $271 million logistics corridor to connect the country’s Atlantic and Pacific coasts.

The two-lane 390km highway will cut congestion in key urban areas along the route, as well as improving connections to the port of Cortes, which is also being redeveloped, a project considered crucial to the country’s development. Completion is expected in 2018.

Honduras receives backing for its road network by the 908 US government’s 2707 Millennium Challenge Corporation.
Finance & Funding

For more information on companies in this article

Related Content

  • Honduras boosts its road budget for 2016
    December 18, 2015
    The Ministry of Infrastructure has boosted its budget for 2016 to US$1.65 billion, an increase of $60.2 million over last year. According to a report by La Prenza, road projects include renovation of around 69km of the Tegucigalpa-Catacamas route and continuation of the San Francisco de la Paz-Puerto Castilla road. The ministry also said it will improve 80km of rural roads in indigenous areas and will undertake 332km of refurbishment on other roads. Earlier this month, World Highways reported that
    Read More
  • India pushing ahead with infrastructure projects
    July 4, 2012
    Despite the economic downturn, India looks to be pressing ahead with its major infrastructure projects to further boost its incredible growth. Patrick Smith reports India, which like most countries has been affected by the current economic climate, although not to the same extent, is pressing ahead with its ambitious highway construction plans. Each week new projects are completed, started or awarded as the nation seeks to improve its transportation requirements. These are needed to meet the aspirations of
    Read More
  • Bulgaria plans for operating road infrastructure
    February 21, 2012
    There is a lot of work to do on Bulgarian roads, but the government has plans to increase the length of highways built each year as Krasimir Krastanov reports. Bulgarian roads with a pavement make up 98.4% of all the country's roads, while 92.5% of them have an asphalt surface and 82.8% of them are able to carry 10tonnes/axle.
    Read More
  • India rushing to improve its highway system
    February 9, 2012
    Despite the world economic slowdown, India still seems in a rush to improve its highway system as Patrick Smith reports. Later this year India will be seen by hundreds of millions worldwide when the country's capital New Delhi hosts its biggest event ever.
    Read More

Highlighted Content