ZIP Buena Vista, S.A.

repaid

Project Description: The proposed project involves the expansion of the Zona Industrial de Exportación Buena Vista (ZIP Buena Vista), an industrial park located near the town of Villanueva, San Pedro Sula, Honduras. The expansion project involves the construction of a total of seven industrial shells to be leased to apparel manufacturers, as well as the construction of a parking lot for eighty containers. A total of 42,896 square meters of industrial space will be added as part of the expansion and approximately 5,400 jobs will be created. The project also involves investments in improving the environmental conditions of the park. The total cost of the project is estimated at US$16.2 million, of which the IIC would contribute US$7.5 million via a long-term loan.