Honduras: Construction Begins on $93 Million Highway

©image: William Lawrence

The project is made possible by a loan from the Central American Bank for Economic Integration (BCIE) and funds from the Inter-American Development Bank (IDB) and is expected to be completed by June 2012.

The widening of the country’s key transport route will benefit agriculture, trade, industry and tourism in the central region of Honduras.

Source: laprensahn.com

More on this topic

Funding Approved for Highway in Honduras

October 2011

A $28 million BCIE loan for the completion of the C-5 North Highway and the Interconector Milenio has been approved and will be managed by Cuenta del Milenio – Honduras.

From the press release:

28 million dollars approved for the CA-5 North Highway

A full congressional session approved the loan to the order of $28 million which will be administered by the Cuenta del Milenio - Honduras to complement the expansion works and improvements to the CA-5 North Hightway and the construction of the Interconector Milenio .

Honduras Requests $36 Million To Millennium Account

March 2010

The government wants to use the money to resume building the northern highway and to strengthen agriculture projects.

Based in Washington, the Millennium Challenge Account had suspended aid to Honduras after the destitution of former president Manuel Zelaya.

Additionally, Honduras’ finance minister will ask the Central American Bank for Economic Integration to release $1.3 million to widen a 25 km stretch of the same highway.

BCIE provides $130 million loan to Nicaragua

December 2008

At the request of the government, the BCIE approved the loan for which the country will provide the equivalent for the construction of two roads, in addition to the Millennium Challenge Account.

The first of the two highways will join La Paz Centro in Malpaisillo with Villa 15 de Julio, to form an alternate route to El Guasuale; the second road is from Nejapa, Izapa to Puerto Sandino.

CABEI Holds Disbursements until Honduras Pays $5 Million

February 2010

CABEI is holding $130 million in disbursements until the country pays a pending balance of $5 million.

These $130 million from the Central American Bank for Economic Integration are earmarked to build a highway in the north of the country, a project managed by the Millennium Challenge Account.