Honduras gets $240 million to expand port

Two international development banks are providing 240 million dollars in funding to help Honduras expand the port facilities of the Empresa Nacional Portuaria (ENP, National Port Company) at Puerto Cortés on the Caribbean coast.

Wednesday, June 25, 2008

The funds will be provided by the Central American Bank of Economic Integration and the International Development Bank.
The funds will be used to upgrade and modernize the port installations.
ENP manager Roberto Babum said, "This loan is made directly to the ENP, taking into account the profitability of the company that annually generates earnings of 40 million dollars."

More on this topic

Honduras Plans to Expand Port of Cortés

August 2010

The port authority is working on a $225 million shipping terminal expansion project.

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).

Honduras Host of Central American Port Meeting

April 2009

From yesterday until Friday, port representatives from the isthmus will be gathered, assessing the progress in port modernization.

In the beginning of the meeting Rolando Diaz, manager of concessions for the Autonomous Port Executive Committee of El Salvador, referred to the completion of la Unión Centroamericana Port in December 2008, with an investment of $183 million.

Honduran Ports to Receive $250 Million

March 2009

The IDB would grant a loan through a trust to the Honduran Port Authority (ENP) for port modernization.

Representatives from the Inter-American Development Bank (IDB) visited the company yesterday. Among them, IDB Vice President, Steven Puig, told Laprensahn.com: "We are very interested in authorizing the loan to the ENP as soon as possible so that they can begin to work on expanding their facilities."

Expansion at Puerto Cortes in Honduras

January 2009

Prior to the approval of the loan for the Expansion and Modernization Plan, a IDB mission will evaluate the National Port Company starting tomorrow.

According to latribuan.hn, "the higher port authority will offer the visitors a general overview of the port, and aspects relating to government expectations for the port, information related to auditing, administration control and the budget preparation process.

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