The Central American Integration Bank approved the awarding and signing of contracts for various works, which together amount to $36.6 million.
The funds are part of the Debt Conversion Program of Honduras against Spain, which is administered by the Central American Bank for Economic Integration (CABEI), reported the multilateral organization.
Terminal 2, whose opening is scheduled for next year, promises to improve conditions at the Panamanian airport, making it competitive with other hubs in Latin America.
The new Terminal 2, which is 92% complete, will have capacity to serve aircraft in 20 contact doors and 8 remote locations, taxiways, parking platform and aircraft circulation, adding up to pavement surface measuring more than 250,000 square meters.
Through a syndicated loan led by Banco Atlántida, finance of $70 million will be raised for the design and construction of the international airport of Palmerola.
From a statement issued by from Coalianza:
For a total of US $69.5 million, the company Palmerola Internacional Airport SA de CV (PIA) signed with Banco Atlántida, as agent and structurer, a Syndicated Credit Contract for the Design, Construction, Financing, Operation and Maintenance of the International Airport of Palmerola.
Works at the airport, works on riverbeds and construction of sports infrastructure are some of the projects which were awarded to private companies in May 2016.
The report "Construction Projects in Central America", prepared by the Business Intelligence unit at CentralAmericaData.com contains a detailed list of major construction projects awarded by Central American governments.
Schools, renovation of high rise residential buildings and airport infrastructure are some of the construction projects for which contracts were awarded in Central America in April 2016.
The report "Construction Projects in Central America", prepared by the Business Intelligence unit at CentralAmericaData.com contains a detailed list of major construction projects taking place in Central America.
The approval of the contract by the Congress of Honduras authorizes the State to co-fund with $76 million the project awarded to Inversiones EMCO.
From a statement issued by the National Congress of Honduras:
The National Congress approved in a session on Tuesday, in a second debate, the contract for the construction of Palmerola international airport and the new Law on Decentralization of the State of Honduras.
In this regard, approval was given on a second reading, of the the draft decree sent by the Executive Branch, which contains the concession contract for the project "Design, Construction, Financing, Operation and Maintenance of Palmerola international airport of the Republic of Honduras. The approximate cost of the project is 163 million dollars and the contract for the design, construction, financing, operation and maintenance of the International Airport in Palmerola, which was signed on March 31, has a concession period of 30 years.
The current Honduran International Airport will be kept as an air terminal exclusively used for domestic flights, when Palmerola starts operating as an international airport.
The affirmation by the Commissioner of Coalianza, Michelangelo Gamez aimed to dispel doubts about the so far uncertain fate of Toncontin Airport.
There was concern on the part of merchants about the zone of influence of Toncontin, as the initial plan had been to totally cancel air operations at the airport.
Honduran businessmen project that exports will increase when the new airport starts operating, and they are negotiating with the concessionaire for the cargo area to be larger than planned.
Exporting companies are those that have the highest expectations for the construction of the new international airport, the construction and operation of which has now been granted in concession to the Spanish company EMCO.
In countries where airlines work closely with airport authorities and governments, the sector's development has been remarkable, as is the case of Panama.
Air connectivity in Latin America and the Caribbean is expensive: there are 130 different taxes on airfare, costs which are charged to companies, individual travelers, the aviation industry and tourism in general.
A contract has been signed for the start of works on the International Airport in Palmerola, Comayagua, so that operations can start in 2018.
Following the signing of the official contract, construction of the new International Airport in Palmerola, in the department of Comayagua, will begin in May, for operations to start in 2018. This was announced by the Spanish concessionaire EMCO Corporation.
Local businessmen have announced that there are already studies on a plot of land measuring 2,500 m2 to build an international terminal in the northern Honduran Caribbean.
The private organization known as Oficina de Proyecto e Inversiones (IPO) plans to build an international airport in the city of Trujillo, capital of Colón, in the northern Honduran Caribbean.
Among the projects announced by the government is the construction of the so-called Logistics Corridor, which will have four lanes and will link Puerto Cortés with the border post of El Amatillo.
According to the Hernández administration, this project has already started and will require an investment of at least $500 million, funds that "... the government has negotiated with Brazil and Mexico." The road will go through San Pedro Sula and Comayagua, finishing at El Amatillo.
A publication by the CAF reviews the development of five projects implemented using the public-private partnership model for infrastructure investment in Latin America.
From the Presentation document by the Development Bank of Latin America (CAF):
In recent decades, many Latin American countries have launched public-private partnership projects for the construction, maintenance and operation of public infrastructure.
It is the third terminal opened by the government, which aims to create a network of 8 airfields to encourage the development of tourism in different parts of the country.
Tela airfield in the coastal department of Atlantis, has one runway measuring 1,600 meters and is now able to receive flights by smaller aircraft. The tourism private sector expects that increased air connectivity will boost development in the area.
From August 28th to September 2nd, 500 airport executives will be gathering together in Panama City in the world assembly of the International Airports Council.
During the convention the main challenges of the sector will be assessed from the perspective of the constants regulations they face. Also to be discussed is the global trend towards privatization of the airport terminals.