Honduras Improves Transparency on Public-Private Infrastructure Investments

TEGUCIGALPA, Honduras, July 6, 2017 /PRNewswire/ -- Honduras has achieved an information disclosure rate of 85.3 percent regarding its public-private partnerships (PPP) -- up from just 27 percent in 2014. The finding comes from a report issued by Construction Sector Transparency Initiative (CoST) Honduras, an effort to increase the nation's public infrastructure transparency.

The report also found that Honduras is currently investing $1.3 billion in infrastructure projects under PPPs.

"By engaging stakeholders from both the public and private sectors, our country can develop infrastructure that will benefit Hondurans for generations to come," said President Juan Orlando Hernández. "Substantial PPP investments will improve quality of life, increase commerce, and facilitate transportation."

Among the projects highlighted in the report are a bus terminal in the city of Danlí, which will serve over 200,000 people, and the Centro Cívico Gubernamental, a building complex that will include 40 government offices and save over half a million dollars each year in rent expenses.

Transparency efforts on such projects are achieving tangible results. Nearly 300 documents regarding Honduran PPPs are now publically available, according to the CoST report.

"We've achieved unprecedented levels of infrastructure project transparency," said President Hernández. "That's proof that the rigorous anticorruption policies I committed to when elected are paying off. My government is delivering on its promises."

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SOURCE Republic of Honduras