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."
Although the financial resources needed to modernize the port of Cortés are available through an IDB loan which has already been approved, lack of implementation is preventing work from starting.
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.
Prior to the approval of the loan for the Expansion and Modernization Plan, a IDB mission will evaluate the National Port Company starting tomorrow.
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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