A large scale theme park would be located in Guanacaste, on an estate measuring more than 900 hectares, with hotels, shops, offices and function rooms.
The project, developed by Sun Ranch calls for investments of $1 billion over 15 years and the use of 578 hectares.
The complex would be located about 9 kilometers from the city of Liberia, near the Daniel Oduber Airport.
The Trujillo Beach Eco-Development has been announced, with an investment of $50 million in an 600 hectare area which will feature residences for Canadian and Israeli citizens, in the form of condominiums and a hotel.
To date 40% of the total planned cost has been invested, which is $50 million. The "Trujillo Beach Eco-Development" project will be developed in a 600 hectare area in the area of Viejo Marañones, in the vicinity of Lake Guaymoreto.
With the first payout of a $15.9 million from a syndicated loan worth $24 million, construction of the second stage of the tourism project in Honduras will begin.
The banks, Ficohsa, BAC Honduras, Ficensa, Rural Development Bank in Guatemala and Panama's Banco Pichincha had already approved a syndicated loan of $24 million to finance the tourism project.
The Decameron hotel chain has suspended its investment in the area where the controversial Rio Hato airport will be built.
The lack of information by the government on the characteristics of the airport works has led representatives from Decameron to halt the construction of a shopping center, two new apartment towers and villas.
The company believes that the construction of an airport tunnel, which is due to be tendered next week, will affect the entrance of a hotel operated by the chain in the Farallon area, which is 75 meters from the runway.
The touristic development, to be located in the Tela Bay, finally landed funding from 5 financial institutions.
Ficohsa, BAC Honduras, Ficensa, Guatemala's "Banco de Desarrollo Rural" and Panama's "Banco Pichincha" approved a $24 million structured credit to fund this initiative.
Javier Atala, manager of Ficohsa Bank, noted that this project will contribute to the tourism industry and will help promote Honduras as one of Central America's leading tourist destinations.
Mogo Mogo Island has an area of 69 hectares and 34.4 hectares of that total would be auctioned to promote tourism development.
The portal, Prensa.com, published: "Those interested in buying the land will have to present a project that is 'compatible with the environment’ which implies an investment of $2 per square meter as a minimum. With regard to environmental requirements, Marco Tulio Hernández, Director of the Division for the Promotion and Sale of State Property noted that these will be the same as what is established by Panamanian law."
Two tourism projects, one on the beach and another on the mountains, are being built in Chalatenango and Usulután.
The projects have a total investment of $45 million and are being developed by entrepreneur Jose Ramon Barahona from El Salvador along with US investors. They consist of a golf and fishing club in Usulután and a mountain tourism project in Chalatenango which would begin to operate in late 2010 or early 2011.