We use Cookies. Read our Terms
- Operations
- Rehabilitation of the Agricultural Road Corridor Project
Rehabilitation of the Agricultural Road Corridor Project
Honduras
Borrower | Honduras |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Transportation |
Approved | 17.06.2009 |
Signed | 01.12.2011 |
Status | Completed |
Loan Administrator | IADB |
Executing Agency | Millennium Challenge Account-Honduras (MCA-Honduras) |
Co-financiers | IADB, Government |
OPEC Fund Contribution (US$m) | 25.00 |
Total Project Cost (US$m) | 77.00 |
Honduras’ Agricultural Corridor Road spans 232 km from Telica in the North-central region to Puerto Castilla on the Atlantic Coast. The stretch links some key agricultural areas; namely the Agalta and Guayape Valleys with the Aguan Valley. The corridor is composed of four sections, two of which are already being rehabilitated.
OFID’s co-financing will support renovation of the two remaining portions: the 130 km Gualco– Bonito Oriental and the 50 km Bonito Oriental– Puerto Castilla. Bridges and drainage systems will also be repaired. In addition, the project will support a two-year program, involving local micro-enterprises owned by indigenous tribes, who will receive training in community-based road maintenance. At least 1.2 million people are expected to benefit from the project.