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 funds invested will be overseen by the Inter-American Development Bank (IDB) and the Central American Bank for Economic Integration (CABEI).

Pinto also told La Tribuna that, "the investment has also been discussed with private companies and dialogue has already been opened with sector leaders, though this in no way means that the port of Cortés will be privatized".

More on this topic

$ 135 Million Expansion in Honduras’s Puerto Cortes

December 2010

The IDB loan will finance the dredging of the harbor and port locations as well as the construction of a new container terminal.

Honduras will expand and modernize the largest port in Central America with funding provided by the Inter-American Development Bank (IDB) for a total of $ 135 million.

$225 Million Expansion at Port Cortés

April 2011

The Honduran Port Authority (ENP in Spanish) has announced it is to invest $225 million in improving the port's facilities.

ENP head, Maynor Pinto, explained that the Cortés Port initiative will be financed by funds from the Central American Bank for Economic Integration (CABEI) and the World Bank, commenting that in around three months the first $40 million are expected.

Honduras: Trust Approved for Bulk Terminal

December 2011

The Cabinet has approved the creation of a special trust for the construction of a bulk cargo terminal at Puerto Cortez.

A press release from the President of Honduras reads:

The Council of Ministers approved on Tuesday (December 20, 2011) a contract for a special trust for the construction of a bulk cargo terminal at Puerto Cortes, as part of the expansion and modernization of the national port platform.

Puerto Cortes Needs Repairs

October 2011

Businesses are urging the government to expedite the process of acquiring $54 million for improving port facilities.

Among the works that require urgent repair is the defence system that is used for mooring boats. The deterioration is such that ships hulls are being damaged.

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