At least US$100 million will be injected into road projects in Honduras during 2015, the majority of which will be under Public-Private Partnership (PPP) deals.
The schemes will provide a welcome boost to the construction sector, which recorded a drop of 50% during 2014.
Construction started last year on a $271 million logistics corridor to connect the country’s Atlantic and Pacific coasts.
The two-lane 390km highway will cut congestion in key urban areas along the route, as well as improving connections to the port of Cortes, which is also being redeveloped, a project considered crucial to the country’s development. Completion is expected in 2018.
Honduras receives backing for its road network by the908 US government’s 2707 Millennium Challenge Corporation.
The schemes will provide a welcome boost to the construction sector, which recorded a drop of 50% during 2014.
Construction started last year on a $271 million logistics corridor to connect the country’s Atlantic and Pacific coasts.
The two-lane 390km highway will cut congestion in key urban areas along the route, as well as improving connections to the port of Cortes, which is also being redeveloped, a project considered crucial to the country’s development. Completion is expected in 2018.
Honduras receives backing for its road network by the
