HONDURAS SUSTAINABLE ROADS

Promoter – Financial Intermediary

SECRETARIA DE INFRAESTRUCTURA Y SERVICIOS PUBLICOS

Location

• Honduras

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)

• Transport - Transportation and storage

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