Honduras will implement a modern public transport system in the Central District and improve the quality of life for residents of major urban centers with a loan of U.S. $ 30 million approved by the Inter-American Development Bank (IDB).
The objective of this project is to build a competitive city, efficient and equitable, with opportunities for sustainable mobility for the lower income population and provide transportation to job opportunities and economic and social development.
The Central District Municipality (CDMA), formed by the cities of Tegucigalpa and Comayagüela, has about one million residents mainly located in the outskirts.
The loan will finance the implementation of a modern bus transport system.
Resources will be used for various activities including the design, structure and implementation of an integrated public transport of passengers traveling by bus, prioritizing their high capacity through a system of segregated lanes.
The IDB financing includes a loan of U.S. $ 21 million within 30 years, a grace period of 5.5 years and an interest rate based on LIBOR, and another $ 9 million loan from the Fund for Special Operations with a grace period of 40 years and an interest rate of 0.25 percent. The balance will be $ 3 million financed by the Central District Municipality.
Source: Inter-American Development Bank
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September 2011
The funds are destined for improving the public transportation system in the Salvadoran capital.
The loan, which has a grace period of 4 years, will be paid off over 25 years.
A document from Inter-American Development Bank (IDB) reads:
“The project will improve the quality of life of the inhabitants of AMSS, by reducing travel time, extending the range and coverage of public transport and providing greater convenience to users as well as contributing to improved air quality. People with low financial resources are the main users of public transport and often have to make longer trips and travel combinations. An integrated system will result in a decrease in transport cost. An ordered transit system, reduced congestion, the use of modern technology buses with low emissions and better use of urban spaces will result in a reduction of CO2 emissions, air pollution and noise levels.”
January 2012
The agreement signed with the IDB has as its primary objective the improvement of public transport and general traffic in the metropolitan area of San Salvador.
A press release from the Ministry of Finance states that the Salvadoran Minister of Finance, Mr. Carlos Cáceres and the representative of the Inter American Development Bank in El Salvador (IDB) Mr.
December 2010
City officials started developing the project which must be completed by 2013.
Recently, the Inter-American Development Bank (IDB) approved a $ 30 million loan for the transport system.
"The new project consists of installing a dedicated line of hydraulic concrete where two conventional buses will circulate, capable of transporting up to 120 people in each unit." Elheraldo.hn reports, "The artery will be built either through the boulevard or within the road network already in place, with stations and single access points as well as a payment system consisting of a rechargeable digital electronic card."
May 2011
Backed by $30 million from the BID, September will see the beginning of the bidding process for the urban transport system in the Honduran capital.
The Transmetro project consists of installing a dedicated line along which a two-car articulated bus will run.
The first stage of the project will include a 9 km tract from the National Stadium to the Colina Kennedy passing through the through Central American Boulevard.
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