Project ID: 96666

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

Commitment amount

$ 66425713.884509295

Adjusted commitment amount

$ 66425713.88

Constant 2021 USD

Summary

Funding agency [Type]

People's Bank of China (PBC) [Government Agency]

Recipient

Honduras

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-01-01

Description

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.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Concesionaria Vial Honduras S.A. de C.V. (Covi Honduras) [Joint Venture/Special Purpose Vehicle]

Loan Details

Bilateral loan

Project finance