Financial close in place for Honduras road PPP
The winning consortium Concesionaria Vial Honduras S.A. de C.V. (COVI) has received a US$120 million loan for the Corredor Logistico highway concession in Honduras
The consortium is formed by Hidalgo e Hidalgo S.A. de C.V. from Ecuador and Construcción y Administración from Perú.
The US$120 million loan has been underwrited by the government of Honduras. The financing is being provided by Banco Ficohsa and the Davivienda de Honduras Group.
The new road will link the Puerto Cortés Goascorán and the south of Honduras. The project involves the development of a new 88 km road, the upgrade of an existing 161 km road the maintenance of a total of 391.8 km between the stretches of Goascorán- Villa de San Antonio and Tegucigalpa- Puerto Cortés. The concession period is 20 years.
The tender process was issued on 22 November 2011. The project was awarded on 29 March 2012.
The new for lane road is expected to be an important alternative to the Panama channel.
Country news
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October 30, 2014
Coalianza launches tender for West Corridor concession
Honduras' public-private partnership promotion agency, Read more -
November 17, 2014
MIGA guarantee sought for Touristic corridor concession
The investors and lenders of the Touristic corridor highway PPP project in Honduras have applied for Multilateral Investment Guarantee Agency (MIGA) guarantees. Read more -
November 28, 2014
Honduras to re-tender Palmerola airport concession
Honduras' public-private promotion agency, Coalianza, has plans to re-tender the concession contract for the design, construction, financing, operation and maintenance of the new Palmerola airport in Honduras by 2015. Read more -
February 04, 2015
Coalianza shortlists five for civic centre PPP project
Honduras' public-private promotion agency, Coalianza, has shortlisted five companies for the "Centro Cívico Gubernamental de la República de Honduras", a government building, through a PPP project. Read more -
February 04, 2015
Honduras achieves commercial close for road concession
Autopistas del Atlántico S. A., a consortium composed by C.I. Grodco of Colombia and PRODECON of Honduras, has achieved commercial closure of the Touristic corridor highway PPP project in Honduras. Read more
