Honduran Ports to Receive $250 Million
The IDB would grant a loan through a trust to the Honduran Port Authority (ENP) for port modernization.
Wednesday, March 18, 2009
Representatives from the Inter-American Development Bank (IDB) visited the company yesterday. Among them, IDB Vice President, Steven Puig, told Laprensahn.com: "We are very interested in authorizing the loan to the ENP as soon as possible so that they can begin to work on expanding their facilities."
Prior to the approval of the loan for the Expansion and Modernization Plan, a IDB mission will evaluate the National Port Company starting tomorrow.
The Inter-American Development Bank (IDB) aims issue US$3.7 billion in loans to the private sector next year, said Steven J. Puig, the bank's vice president for private-sector lending.
The improvement in competitiveness and support of the private sector are some of the positive elements being noticed by the entity.
Two international development banks are providing 240 million dollars in funding to help Honduras expand the port facilities of the Empresa Nacional Portuaria (ENP, National Port Company) at Puerto Cortés on the Caribbean coast.
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