Honduras' public-private promotion agency, Coalianza, has announced the award of the Government civic center PPP project to Mexican contractor Constructora y Edificadora GIA+A (GIA).

GIA beat out competition from Promotora y Desarrolladora Mexicana and Promotora y Desarrolladora Mexicana de Infraestructura in the final stage of the bid process.

The project will centralize Honduras government's offices. It involves the development of two spaces to achieve approximately 100,000 m² of offices. These two spaces are:

• Project A "Centro Cívico Gubernamental José Cecilio Valle". This project involves, among others, the development of three office towers with commercial spaces.
• Project B "Centro Cívico Gubernamental Francisco Morazán". This project involves the development of four office towers.

The PPP building project will be developed on a design, build, finance, operation and transfer (DBFOT) basis.

The total project investment is estimated at US$200 million.

The project aims to: improve efficiency, through the provision of adequate infrastructure for proper office operations; reduce and control public spending; streamline and strengthen the housing market, generating areas of value and improve operational efficiency by implementing mechanisms of efficiency and sustainability in public services.