Honduras will expand and modernize Central America’s biggest port, the Puerto Cortes, with $135 million of loans from the Inter-American Development Bank (IDB).
Puerto Cortés is the main port of Honduras, handling almost 90% of maritime traffic. Located on the northeast coast of the country, on the Caribbean Sea, it is the biggest and deepest port in Central America handling a large portion of the region’s containerized exports. It is the main point of entry for imports of grains and fertilizers, among other goods essential to the Honduran economy.
The expansion and modernization will include the dredging of the port basin and slips; and works to reclaim land from sea by depositing the material dredged from the harbor. The new space reclaimed from the sea will accommodate a new container terminal, and serve as a future expansion area, and an area for the future organic bulk terminal.
Construction works financed by the project will reduce operating costs and delays in vessel and cargo handling, and enable the development of logistics operations typical of specialized container terminals.
This is the second IDB project approved for Puerto Cortés this week. The Bank also approved loans totaling $10 million to improve control, security and customs services at the port.