Financial close for Honduras airport PPP
The International Airport of Palmerola PPP in Honduras has achieved financial close.
Banco Atlantida acted as lead arranger for a US$69.5 million syndicated loan, alongside Banco Occidente, Banpais, Promerica, St. Georges Bank, Banrural and AFP Atlántida.
The government of Honduras and Spain will provide a grant for the project of US$23 million and US$53 million respectively.The Spanish contribution is part of a debt reconversion program with Honduras.
As we reported in April 2016, the contract for the project was signed among with Honduras' Inversion EMCO S.A. de C.V., who is partnering with the operator of Munich's international airport. The remaining US$17.5 million will be provided as equity by EMCO.
EMCO and its partner won the 30-year contract for the designing, building, financing, operation and maintenance of the new airport in December 2015. The consortium was the only bidder for the project.
The project was previously awarded in January 2014 to Constructora de Servicios Aeroportuarios Integrados S.A. (SAISA) but the contract was canceled. The delay to start the project was the reason to cancel the concession contract.
The airport development includes the construction of a runway shoulders, a new control tower, a 14,000 m² passenger terminal and a 1500 m² cargo terminal. It is expected to have a maximum capacity of 2.1 million passengers per year in 2045.
The total project investment is estimated at US$135 million. The private partner will provide US$87 million, with the remaining to be provided by the Spanish government through the Honduras-Spain restructuring debt fund.
The project will help strengthen the logistics hub of the country. It will has a significant impact in the agricultural and industrial region of Comayagua and La Paz.
Country news
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December 01, 2016
Coalianza awards street paving PPP
Coalianza has awarded to Constructora Milenio the concession contract for the design, build, financing, operation and maintenance of "La Lima mi Ciudad está en Desarrollo" urban PPP project located in the municipality of La Lima (Honduras).
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October 26, 2016
Coalianza receives proposals for urban regeneration project in La Lima
A total of three Honduran companies have submitted prequalification documents for the execution of the project "La Lima mi Ciudad está en Desarrollo" urban PPP project located in the municipality of La Lima. Read more -
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A total of seven companies have shown interest in the Western Corridor Highway CA-4 PPP project. Interested developers come from Colombia, Guatemala, Perú, Costa Rica and Ecuador. Read more -
April 12, 2016
Honduras to tender Rail project in next months
More concretely, the PPP railway project will connect Puerto Castilla, in Colón Department on the Caribbean Sea, with the Port of Amapala in Isla del Tigre on the Pacific Ocean. Puerto Castilla has a depth of 41.5 meters while the Port of Amapala has a depth of about 25 meters. It is expected that 60,000 containers arrive at the two ports daily. Read more -
April 07, 2016
Honduras signs Palmerola airport concession
The Government of Honduras has signed the contract for the new Palmerola airport concession in Comayagua, a central region of Honduras. The contract has been signed among with Honduras' Inversion EMCO S.A. de C.V., who is partnering with the operator of Munich's international airport for this project. Read more
