Overview

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

Commitments (Constant USD, 2023)$61,533,191

Commitment Year•2014Country of Activity•HondurasDirect Recipient Country of Incorporation•HondurasSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2014

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

People's Bank of China (PBC)

Receiving agencies

Joint Venture/Special Purpose Vehicles

Concesionaria Vial Honduras S.A. de C.V. (Covi Honduras)

Loan description

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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.