People's Bank of China provides $60 million loan to Concesionaria Vial Honduras

$60M USD

Funder	People's Bank of China (PBC)
Recipient Organization	Concesionaria Vial Honduras S.A. de C.V. (Covi Honduras)
Country	Honduras
Start Date	Jan 01, 2014
End Date	May 01, 2033
Duration	7,060 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96666`

Grant Description

People's Bank of China provides $60 million loan to Concesionaria Vial Honduras In 2014, the People's Bank of China reportedly provided a $60 million loan to Concesionaria Vial Honduras in Honduras for unspecified purposes.

Concesionaria Vial Honduras S.A. de C.V. (Covi Honduras), headquartered in Tegucigalpa, is a joint venture of Hidalgo & Hidalgo (Ecuadorian firm) and Construcción y Administración (a Peruvian company).

In 2012, Covi Honduras was granted a 20-year concession to (a) rehabilitate and maintain a 162-km road crossing Honduras from North to South of the Logistics Corridor Project, and (b) construct an 88-km four-lane extension from Cuesta de La Virgen to La Barca, including road signals, drainage systems, and waterfront protection.

📚 Sources & References

League Tables Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.