The project seeks to solve the problem of water shortage in the capital and would supply 50 percent of its population. It is designed to handle 85 million cubic meters of water.
The manager of the state-owned Autonomous Services Water and Sewage (Sanaa), said, "We received a call where we were told that Honduras will be receiving technical assistance for $ 1 million to start updating the Guacerique II studies."
An agreement with the Honduran government includes financing technical studies and managing the search for construction investors from a pool of South Korean candidates.
The International Cooperation Agency of Korea (KOICA) and the National Autonomous Service of Aqueducts and Sewers (SANAA) have signed an agreement endorsed by President Porfirio Lobo, through which technical studies will be conducted for the construction of the Guacerique II dam which will supply drinking water to the capital, Tegucigalpa. The technical work, which costs about a million dollars, will be funded by Korea.
Building the project Guacerique II is crucial to solve the water shortage in the capital city.
Those were the words of Daniel Alvarado, head of the aqueduct authority, who added they are considering lowering the dam's projected capacity from 83 million m3 to 50 or 45, as they don’t have enough resources.