CABEI provides US$57.4 million to foster Honduran development and regional integration
CABEI will loan approximately US$57.4 million for the construction of important road projects that will contribute to improving the country’s competitiveness and to boosting trade and tourism.
Tegucigalpa, August 26, 2016. – Today the Central American Bank for Economic Integration (CABEI) signed two loan contracts with the Honduran government. The loans, which amount to US$57.4 million, will be used to improve the country’s transportation infrastructure with two road projects.
The agreements were signed at CABEI’s headquarters, where Executive President Dr. Nick Rischbieth reiterated the Bank’s commitment to the economic development and integration of Honduras and of all the Central American region.
At the signing ceremony, Dr. Rischbieth stated that, “There have been a number of efforts to invest in road infrastructure by the Central American region in recent years with the collaboration of the Central American Bank for Economic Integration.”
He went on to highlight some internal figures demonstrating CABEI’s contributions to the region’s development; in 2015 CABEI disbursed a total of US$1.50 billion for programs and projects in Central America, of which US$302 million was directed at productive infrastructure and US$310 million at competitiveness services. The total amount disbursed to Honduras was US$253.0 million, with US$53.0 million directed at infrastructure and competitiveness.
He added that this year CABEI is expected to disburse a total of US$1.49 billion for the entire Central American region, of which US$210 million will be targeted at financing Honduran development.
The projects consist of the construction of the Villa de San Antonio-Goascorán Logistical Corridor, Section I, Sub-section IB, Lamaní-El Quebrachal in the Republic of Honduras; and the CA-5 Highway Expansion and Improvement Project, Segments I and II (Section 2A); the two projects total US$57.4 million for the termination of pending works in the first 30 km project and the expansion and improvement of 4.8 km of the second.
The CABEI President said that both loans fall in the framework of the 2015-2019 CABEI Institutional Strategy “Integrating Sustainable Development and Competitiveness.”
