Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Honduras
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Development Bank (IADB)
Status: Approved
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-11-23
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Republic of Honduras
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Transport
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 77.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ IADB website
Updated in EWS: 2017-09-26
Disclosure Date: 2016-05-17
Roads Integration Program II
IADB-HO-L1121

Project Description
The program’s objective is to help raise productivity and increase national and regional integration in Honduras, by upgrading the quality of its road infrastructure. The program’s specific objective is to help improve the level of service provided on two of the Strategic Corridors of Honduran National and Regional Integration (CEINRH), specifically the logistics and tourism corridors, by building additional lanes and refurbishing targeted segments. This will result in lower vehicle operating costs and shorter travel times for users. These two corridors are being targeted because, under the public-private partnership scheme currently operating in Honduras, the logistics and tourism corridors have been placed under concession contracts, and the government has undertaken to deliver several upgraded and refurbished segments for operation and maintenance by the concession holder. The rehabilitation and improvement works will include the following: an increase in the number of lanes to keep pace with demand; reinforcement of the road surface structure; improvement of intersections, drainage, and bridges; and the incorporation of road safety works, among other items. In addition, training will be provided to women for nontraditional skilled activities in the construction sector and institutional strengthening will be provided for the State Secretariat of Infrastructure and Public Services. According to the IADB's Environment and Safeguards Compliance Policy, this has been classified as a Category “B” operation. The works in question generate medium- to low-level environmental impacts; and the environmental management measures to be implemented are known by the executing agency and by the construction and supervision companies. As the works will be executed on existing main corridors, no sites of archaeological or cultural interest, indigenous communities, or protected natural areas are expected to be affected. However, resettlement and land impacts are expected.
Investment Description
The program has a total estimated cost of US$77.25 million, of which US$45 million will be funded from the IADB's Ordinary Capital, US$30 million from the IADB's Fund for Special Operations, and US$2.25 million from local counterpart funding.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).
Bank Documents