The National Congress of Honduras approved a trust contract for the construction of 10,000 social interest housing units.
The housing solution will be developed under a macro urbanization scheme that includes 18 vertical-multifamily housing macro lots in 236 buildings, reported the Legislative.
Through a trust the government will provide financing for the purchase of middle class housing, in local currency and at a rate of 8.7%.
From a statement issued by Coalianza:
Tegucigalpa, April 9. With an amount of 600 million lempiras (around $25 million) and to benefit 2,000 Honduran families, the government today announced a trust that will have a special focus on guaranteeing access to housing for the middle class.
Banco Lafise will administer the trust in Honduras for the project design and construction of the Civic Government Center, which will be headed by the Mexican construction firm GIA + A.
From a statement issued by the President of Honduras:
The consortium with mainly Colombian capital won the contract to operate the distribution system to supply electricity to the state run power company for a period of seven years.
Under the terms of the concession, Consorcio Energía will invest about $358 million and reduce the losses of Empresa Nacional de Energía Eléctrica by at least 17% over the term of the contract.
Manitoba Hydro International of Canada and Honduras Energy Consortium, composed of Hondurans and Colombians, submitted bids to take over the management and distribution of the national power company.
The Commission for the Promotion of Public Private Partnerships in Honduras has four trusts with Banco Continental to implement various projects in infrastructure and energy.
Officials at the Commission for the Promotion of Public Private Partnerships (COALIANZA), reported that this institution has four trusts with Banco Continental, usded to implement various infrastructure and energy projects, but after the decision issued by the National Banking and Insurance Commission ( CNBS) to force liquidation of the financial institution, they are waiting for to CNBS determine the procedure to continue execution of the projects.
The government has announced the creation of a $19 million trust fund, to be used for lending to stimulate production and improving the herd.
From a statement issued by the Government of Honduras:
President Juan Orlando Hernandez officiated at the company Agribusiness El Corral in Siguatepeque, the creation of a trust that will allow for the provision of $19 million in loans to stimulate production and improve the national cattle herd inventory.
Small investors have bought $15 million in shares ranging from $1,000 to $20,000, from a trust that will finance a wind project in Uruguay. Another $62 million will be offered to institutional investors.
EDITORIAL
The offer received in the Uruguayan Securities Exchange from small investors reached $100 million, a clear sign of the high interest in the prospective investment which has a mitigated risk as it is a project by a strong state run enterprise, with a return almost assured, estimated at about 11.5% a year, in the 20 years which is the term of the share certificate.
The creation of a $55 million trust fund has been announced to buy drugs for the hospital network in the country along with the preparation of tender documents.
Of the total, $18.4 million will be provided by the Honduran Institute of Social Security and $8.3 million will come from the University Teaching Hospital's budget for the purchase of drugs for chronic diseases. This time the purchases were made through the model of a trust with the aim of lowering prices by making higher volume purchases.
The government signed a trust agreement with Banco Atlantida to invest resources in the field of telecommunications and information technology.
With this trust an investment fund will be created for investments that will allow projects to be implemented in the area of telecommunications and information technologies.
The National Agricultural Development Bank has funds available for food producers.
Jorge Handal, President of the Association of Farmers and Ranchers in Sula, reported that the National Bank for Agricultural Development (Banadesa) has $255 million available in loans for producers, which will be granted with an interest rate of 9%, lower than the market rate.
Using trusts the Government of Honduras will transfer into private hands the financing and operation of the system for passport issuance and property registration.
Authorization has been given to the execution of a trust agreement to run the studies required for the structuring, financing, development and operation of the Project entitled "Modernization, Improvement, Management and Operation of the Immigration System and Passport Issuance in Honduras."
In Honduras the Continental Bank is to manage a trust fund of $270 million for the construction and maintenance of roads.
This was announced by José Antonio Pineda of the Commission for the Promotion of Public Private Partnerships (Coalianza). He explained that five banks were involved in the process but Continental was the only one to bid.
The Government of Honduras has overturned a drug tender for $24.4 million and announced that the purchase will be made through a trust with private banks.
Elheraldo.hn reports that "the purchase was declared unsuccessful based on the State Procurement Act being contrary to national interests in virtue of the fact that it involves the purchase of medicines at a higher price than currently received by the Health Department through a trust with the private banking system".
Coalianza de Honduras has awarded to Lafise Bank the administration of a trust for the construction of a civic government center valued at $280 million.
"Ten banks in the financial system were invited to participate in this process," said the Commission for the Promotion of Public-Private Partnerships (Coalianza).
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