Honduras Receives $45 Million Loan from CBEI

The Central American Bank of Economic Integration (CBEI) on Wednesday loaned the Honduran government $45 million for building highways and rural infrastructure.

The bank said in a statement that $30 million will be invested in expanding a 50-km highway between Villa de San Antonio in central Honduras and Goascoran in the south.

The highway, also known as “Canal Seco (Dry Canal),” will facilitate the merchandise transportation from the south to the north of the country, and that in El Salvador and Nicaragua.

The other $15 million will be used on rural infrastructure, including rural roads, electricity supply, water and sanitary equipments in the 20 poorest municipalities of the country, according to the CBEI.

Honduran President Porfirio Lobo signed the loan agreement with representatives of the CBEI and Tom Massi,the chief of the European Union Cooperation Delegation in Honduras.


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