The funds will be used in infrastructure projects such as the Patuca III hydro power plant.
William Chong Wong, finance minister, explained that the money comes from several international institutions such as the World Bank, the IDB, CABEI and the Governments of Taiwan and Europe.
Chong noted that “the government could create between 10,000 and 12,000 jobs via these projects, which include the Patuca III dam, roads and improving the facilities of Port Cortés”.
In the signed agreement signed, China announces its interest in investing in the projects known as Patuca I, II and III.
The agreement states that Chinese state-owned Sinohydro will assist Honduras in carrying out feasibility studies for the hydroelectric projects and will discuss financing with Eximbank.
"Chinese experts in partnership with Honduran colleagues have started evaluating the feasibility and maturity of the Patuca project, as well as the significant economic and social benefits it will bring," reports Proceso Digital.
The government of Taiwan delivered the required technical and engineering studies for building the hydroelectric power plant Patuca III.
Roberto Martín, Lozano, head of the National Energy Corporation (ENEE), explained that they are devising the project’s financial model: “for this the Government has some resources, we could maybe enter a public-private alliance”, he said.
"Power Company Taiwan," which would have initiated work in October, announced the suspension of the investment.
The Patuca III project consisted of building a hydroelectric dam to generate clean energy for the Olancho municipalities of Catacamas and Patuca.
La Prensa reported in its digital edition: "The very President of Taiwan, Ma Ying-jeou, explained that the suspension of the investment has nothing with him not visiting Honduras.
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