World Bank approves funds for construction of highway in Honduras

The main highway is an old dream in Honduras for a paved road from the San Lorenzo Valley to Olanchito in Yoro.

Monday, May 19, 2008

According to a bulletin from the House of Government, the financing was requested three months ago but was not confirmed until yesterday after a meeting of the President of Honduras and the President of the World Bank (Robert Zoellick), both of whom were in Ghana for a forum on the efficiency of international cooperation in development.

More on this topic

Costa Rica: $450 million for Logistics Infrastructure

November 2013

Authorities are negotiating a loan to finance road repairs up to the border of Peñas Blancas and Paso Canoas, and works on the Pacific ports.

The Inter-American Development Bank (IDB) will lend $400 million and the remaining $50 million will be contributed by the Chinese Cofinancing Fund (FCC) .

Taiwan Supports Guatemala in Road Construction

June 2013

The expansion of the Atlantic Road will be funded with a donation of $50 million and other $50 million in loans.

The Taiwanese government will donate $50 million for the expansion of the Atlantic Highway, and has also authorized a soft loan for another $50 million for the project which has a cost of $119 million.

Costa Rica Approves $52.4 Million for Highway

June 2010

The Legislative approved a loan from the Andean Development Corporation (CAF) to build a road that will link the Caribbean with the country’s north.

The money will be administered by the Costa Rican Public Works Ministry, and will be used to develop the highway project, known as “Bajos de Chilamate – Vuelta Kooper”.

Honduran Congress Approves $5.3 million in Credit

February 2009

Part of the credit is to be utilized for highway repair and maintenance and for infrastructure projects.

Laprensa.hn publishes in its website: "The majority of contracts were found to be on-hold until finally the review commission of the National Congress gave them the green light to go ahead."

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