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- 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.