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 bridge development project
    November 10, 2021
    Funding is being supplied for a Honduras bridge development project.
    Read More
  • Inter-Oceanic Corridor, Guatemala construction from April 2014
    August 9, 2013
    The construction of the Inter-Oceanic Corridor in Guatemala is expected to get underway in April 2014, following the completion and approval of feasibility studies. The project will require between US$ 10 billion and $12billion in investments and unite the Pacific with the Caribbean through the construction of a 372km motorway, two railway lines (for freight and passengers) and five pipelines. A total of two ports will also be constructed, one in the Pacific and one in the Atlantic. Construction works will
    Read More
  • New EU-Russian highway connection
    February 18, 2013
    Among the forests and lakes of Finland, one of Europe's newest motorway links is being built as a Green highway linking Europe to Russia - Adrian Greeman reports The road eastwards from Finland's capital Helsinki, along the north coast of the Gulf of Finland, has not carried heavy traffic volumes, at least until recent times. Highway seven as it is designated locally, or E18 in European nomenclature, is partly motorway but in some sections still dual carriageway or even just a single lane each way, finishin
    Read More
  • Realising a dream
    February 20, 2012
    Shem Oirere reports on how major highway projects in eastern African will improve links and the economies of a number of countries in the region
    Read More

Highlighted Content