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    Reference: 20140048
    Release date: 14 April 2015

    Promoter – Financial Intermediary

    SECRETARIA DE INFRAESTRUCTURA Y SERVICIOS PUBLICOS

    Location

    Description

    The project consists of the rehabilitation and upgrading of the road sections CA-11 La Entrada – El Florido and CA-4 La Entrada – Santa Rosa de Copán (in total 116 km). Both road sections form part of the Western Corridor of the primary national road network, connecting the second biggest city of the country – San Pedro Sula – to the international border crossings with Guatemala and El Salvador.

    Objectives

    The project contributes to the EU's global objective of improving social and economic infrastructure, including road transport, in Latin American countries.

    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Proposed EIB finance (Approximate amount)

    EUR 79 million

    Total cost (Approximate amount)

    EUR 168 million

    Environmental aspects

    The project involves rehabilitation and upgrading works on pre-existing roads, including some limited re-alignment. If the project was located within the EU, it would fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as amended, requiring screening to determine if EIA is required. A full EIA has been carried out. As part of the Bank's due diligence of the project, compliance with the relevant EU environmental and social principles, standards and practices will be verified. The Bank shall also verify the acceptability of the project in terms of likely environmental impacts and proposed mitigation and compensation measures.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 11/06/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Honduras Transport