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Honduras - Puerto Cortes Port Project (English)

Existing facilities at Puerto Cortes have been inadequate for some time and the project is necessary to handle the present traffic and expected increases. Loan funds will be used for the construction of two deep water marginal cargo berths, a transit shed and a warehouse, improvements to existing facilities, acquisition of cargo handling equipment, engineering and operational consulting services, and will finance studies to determine the economic, financial and technical feasibility of constructing or expanding other sea ports. Serious congestion in recent years has resulted in expensive delays by general cargo and lumber ships. With the new berths and the provision of modern equipment and other improvements in cargo handling, the net economic benefits expected by 1970, after taking into account a substantial projected increase in traffic, are $800,000 per annum. Discounting these benefits over the expected useful life of 30 years of the new facilities, the project would provide a rate of return on the current $6.8 million investment of approximately 12 percent.

Details

  • Document Date

    1966/08/31

  • Document Type

    Memorandum & Recommendation of the President

  • Report Number

    P500

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Honduras,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2010/06/24

  • Disclosure Status

    Disclosed

  • Doc Name

    Honduras - Puerto Cortes Port Project

  • Keywords

    gross national product per capita;pulp and paper industry;debt service burden;export earnings;minister of communication;public investment expenditure;external public debt;delays in disbursement;electric power system;ship waiting time;balance of payment;debt service payment;cargo handling equipment;net economic benefit;paved highway;external financing;foreign exchange;port charge;foreign borrowing;export commodity;reasonable opportunity;concessionary term;public revenue;economic expansion;cotton export;investment target;internal saving;tax receipt;Fiscal Reform;deep water;telecommunications system;transit shed;modern accounting;port tariff;port administration;public port;financial autonomy;railway line;road system;ocean carrier;cargo berth;general cargo;technical feasibility;Operational Consulting;Public Infrastructure;modern equipment;future payment;existing asset;land acquisition;engineering consultant;port authority;appraisal mission;industrial center;highway network;foreign trade;export company;capital expenditure;port facility;qualified consultant;physical facility;special interest;land expropriation;

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Citation

Honduras - Puerto Cortes Port Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/537171468282879547/Honduras-Puerto-Cortes-Port-Project