Meanwhile, only in Banco Nacional (BN) and Costa Rica (BCR), projects which are held up due to approval for funding through trusts reaches $ 2,760 million. The projects being held up are construction of public works.
The article by Juan Pablo Arias of Nacion.com stated that "the initiatives were stopped when the Superintendent of Securities determined in May 2009 that new regulations were needed to delineate this type of operation."
These projects include $ 200 million for construction of hydroelectric plant Toro 3, the construction of the storage system for liquefied gas of RECOPE for $ 140 million and building a new headquarters of the Legislature for $ 100 million.
In Honduras the Continental Bank is to manage a trust fund of $270 million for the construction and maintenance of roads.
This was announced by José Antonio Pineda of the Commission for the Promotion of Public Private Partnerships (Coalianza). He explained that five banks were involved in the process but Continental was the only one to bid.
Costa Rica's state-owned bank "Banco Nacional" put in place a trust to build the critical care area of the Children's Hospital.
Authorities are working on the technical specifications of the new complex, known as "Torre de la Esperanza", and expect to have them ready by June. After this, they will invite companies to bid on designing the blueprints of the facility.