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The Honduras PPP promotion agency, Coalianza, has announced plans to publish qualification documents for the Puerto Castilla port PPP project.

This announcement comes after a consortium composed by two local firms, Grupo Larach and Sermaco, and an international company submitted an unsolicited proposal for the project. The proposal was explained on 17 February 2015 by a local entrepreneur, Lenin Palencia. According to him, the proposals was a result of four years of financial and economic studies.

The unsolicited proposals involved the upgrade of the port terminal to increase its twenty-foot equivalent unit (TEU) transport capacity. 

The total project investment is estimated at US$548 million.

Puerto Castilla is a village in the Colón Department of Honduras located approximately 20 kilometres north of Trujillo. Puerto Castilla lies on the south side of a peninsula sheltering Trujillo Bay. It is the deep-water port which has future possibility for development of a major port for the republic.

In March this year Coalianza re-launched the tender process for the development of the new Palmerola airport PPP project. The project includes construction of runway shoulders, a new control tower, a 14,000 m² passenger terminal and a 1500 m² cargo terminal.

We have recently reported about several port PPP projects globally:

• Vizhinjam port container terminal PPP - India
• Kisumu Sea Port PPP project - Kenya
• Ashdod's Southport terminal (HaDarom) concession - Israel
• Development of the Davao Sasa Port- Philippines
• Phu Quoc Island seaport BOT project - Vietnam
• Kingston Container Terminal expansion - Jamaica