Honduras' public-private partnership promotion agency, Coalianza and the Ministry of Infrastructure and Public Works (Insep) have awarded the Western Corridor Highway CA-4 PPP project.
The project has been awarded to the Colombian company Meyan S.A. Ingenieros Constructores.
As we reported in October 2016, seven companies from Colombia, Guatemala, Perú, Costa Rica and Ecuador showed interest in the project. In June, Coalianza received four proposals for the project
In May 2016, Coalianza, re-launched the tender process for the concession of the toll highway Western Corridor Highway CA-4 phase I Chamelecon - Naco - La Ceibita - La Entrada. This was after the unsuccessful previous tender occurred in late 2015.
The road will run through the region of Cortes, Santa Barbara and Copán, in the northwestern area of the Republic of Honduras. It begins in Chamelecón, municipality of San Pedro Sula, region of Cortés, in northern Honduras and gradually moves to the western area of the country to connect with the city of La Entrada, region of Copán.
The project cost amounts to US$225 million.
The project involves the design, build, finance, operation and maintenance (DBFOM) of the CA-4 road through the public private partnership (PPP) model. The concession contract will have a period of 30 years.
The International Airport of Palmerola PPP in Honduras has achieved financial close.
Read moreCoalianza 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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