Honduras Plans to Expand Port of Cortés
The port authority is working on a $225 million shipping terminal expansion project.
Tuesday, August 31, 2010
The head of Honduras' national ports authority (ENP in Spanish), Mynor Pinto, indicated that the project comprises the fitting out of a grain terminal and another for cruise ships.
The IDB loan will finance the dredging of the harbor and port locations as well as the construction of a new container terminal.
The Honduran Port Authority (ENP in Spanish) has announced it is to invest $225 million in improving the port's facilities.
The Cabinet has approved the creation of a special trust for the construction of a bulk cargo terminal at Puerto Cortez.
Businesses are urging the government to expedite the process of acquiring $54 million for improving port facilities.
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