Honduras: $2 Billion Available for Projects
The funds will be used in infrastructure projects such as the Patuca III hydro power plant.
Monday, January 3, 2011
William Chong Wong, finance minister, explained that the money comes from several international institutions such as the World Bank, the IDB, CABEI and the Governments of Taiwan and Europe.
The Industrial and Commercial Bank of China will provide the funds to carry out the Patuca III hydroelectricity project.
In the southeast of the country between Olancho and El Paraíso, the construction of the hydroelectric project is beginning.
The funding of $300 million for the construction of the Patuca III hydroelectric project has been approved by the bank Eximbank.
The Honduran Council of Ministers signed contracts with China's Sinohydro for the construction of the plant.
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