US$36.6 million granted to the Palmerola airport through Spain's Debt Conversion Program to Honduras

Tegucigalpa, August 04, 2020. –Spain’s Debt Conversion Program to Honduras, which is managed by the Central American Bank for Economic Integration (CABEI), approved the granting and signing of the following contracts for the Palmerola airport:

• Technical Assistance for the Direction of Works, Control and Monitoring for US$1.6 million; contract awarded to Consorcio GHESA-Airtificial.

• Construction and Startup of Power Plant, Rings and Beaconing for US$20.0 million; contract awarded to Consorcio Elecnor Sampol.

• Construction of Control Tower and Fire Station for US$9.9 million; contract awarded to Consorcio Elecnor-Sampol.

• Procurement of Fire Extinguishing Vehicles for US$2.6 million; contract granted to ITURRI, S.A.

• Technical Assistance for the Palmerola Project for US$1.3 million; contract awarded to Ingeniería de Sistemas para la Defensa de España, S.A (ISDEFE).

• Procurement of Wastewater Treatment Plant for US$1.2 million; contract awarded to INCLAM, S.A.

The authorities of the Governments of Honduras and Spain approved US$53.2 million for the design, construction, financing, operation and maintenance of the Palmerola International Airport. Furthermore, the subscription of these services and works involves a commitment of 69 percent of the financing, which is part of the support that the Program provides towards the sustainable development of Honduras.

In its capacity as administrator body and strategic partner, CABEI, through its Executive President, Dr. Dante Mossi, signed the contracts with Honduran Minister of Infrastructure and Public Services (INSEP) Mr. Roberto Pineda and with the contractors Mrs. Monserrat Calviño, Mr. Fernando Gil Marin, Mr. Francisco Iturri, Mr. Jesús María Alonso and Mr. Carlos Gallardo, who are the legal representatives of the aforementioned consortia and companies.