Autopistas del Atlantico, or ADASA, has obtained a $145 million loan for the construction and operation of the Corredor Turistico toll road in the northern region of Honduras.
The toll road will rehabilitate and expand existing roads and improve two bridges between inland San Pedro Sula and La Ceiba on the Atlantic coast.

The lenders included JPMorgan Chase Bank, Banco Financiera Comercial Hondurena and Corporacion Interamericana para el Financiamiento de Infraestructura.

The toll road is Honduras’ first public-private partnership infrastructure project.

ADASA won the concession to build and operate the nearly 200-mile toll road, rehabilitate and expand existing roads and improve two bridges between inland San Pedro Sula and La Ceiba on the Atlantic coast. The project is expected to be completed in about two years.

ADASA is a special-purpose company sponsored by two construction companies, Colombia-based Grodco and Honduran partner Profesionales de la Construccion.

The 30-year toll road concession agreement is between ADASA and the Honduran government. Toll revenues will support the road’s operations, and the government will make up any shortfalls if road use is lower than projected.
The Multilateral Investment Guarantee Agency, or MIGA, an arm of the World Bank, provided political risk credit enhancement insurance.