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

  • Major highway improvement project on track in Colombia
    February 29, 2016
    In Colombia plans are now in hand for a major highway improvement project. Concesión Pacífico Tres is joint concession operator of the tolled links for Colombia’s major commercial regions connecting with the Pacific port hub. US firm Milbank, Tweed, Hadley & McCloy has provided advice to Colombian Concessionaire Concesión Pacífico Tres SAS and its sponsors, MHC Ingeniería y Construcción de Obras Civiles and Construcciones El Cóndor, and Costa Rica’s infrastructure company Constructora MECO. The advice was
    Read More
  • Thailand pushing ahead with highway project
    July 4, 2014
    Thailand’s Highways Department is asking the country’s interim military government to decide on a planned US$2.59 billion highway project. The four-lane highway runs along a 196km route, connecting Bang Pa-in in Ayutthaya to Nakhon Ratchasima via Saraburi. The Highways Department wants to include the project in the eight-year strategic infrastructure development plan put forward by the military government. The project could be partly funded from the 2015-2016 budget as well as through loans and a joint publ
    Read More
  • Business confidence
    June 10, 2019
    Business confidence in construction looks healthy in many countries around the world. Transport infrastructure remains a high priority for construction activity around the globe. China is continuing to develop its own internal transport network, while also funding a massive programme of works under its Belt & Road plan. The impact of the Belt & Road programme is being seen in Asia, Russia and also parts of Africa, with the aim of unlocking economic activity by boosting transport connections, whether by road
    Read More
  • New UK road link planned
    August 25, 2020
    A new UK road project is being planned.
    Read More

Highlighted Content