13. Lempira

“Feasible” and “Prefeasible” Projects are highlighted in yellow.

A.1. Agribusiness (Industrial Crops)

AGR112: Certified Transgenic Corn Seed Production

Amount:

US$  34,574,400

State:

Profile

Location:

Municipalities of Nueva Palestina, Catacamas, Juticalpa, San Esteban, Departament of Olancho,  Municipality of Danlí, El Paraíso, Depto. El Paraíso, Municipality of Olanchito, Department of Yoro,  Municipalities of Ajuterique, Lamani, Comayagua, Department of  Comayagua and Municipality Lempira, Department of Lempira.

Description: For its part, Honduras is the only Central American country that has the legal bases for the production of GMO. Considering this potential, the project proposes the production of certified seeds for local production of GMOs and for exporting to countries currently producing them. There is potentially the opportunity to dedicate 5.000 hectare for planting corn seed, in association with medium-sized producers, to introduce technology production, or to offer a land lease system and so the investors can maintain their independence.

For this project, it is necessary to install a seed sorting and packing plant for export purposes, with a processing capacity of 20,000 MT per year.

C.2. Forestry (Forest Plantations)

FOR208: Atlantic Mahogany Commercial Plantations in the Municipalities of Gualcince and Erandique, L

Amount:

US$ 207,185,269

State:

Profile

Location:

Municipalities of Erandique and Gualcince, Department of  Lempira

Description: This project consists in the establishment of the Atlantic mahogany commercial plantations (Sweetening macrophylla) in 25,950 hectares located in private properties. The sites proposed are of irregular topography but of easy access to the road. The communities have available and specialized labor in the reforestation tasks. The modality to establish this plantation will be co-investment, in which the owner makes the land available and the investor the capital, equipment, and machinery for the investment. The final production of timber will be exported by Puerto Cortes at 300 km. or by the Puerto La Libertad in El Salvador at 150 km of the plantation site. Other benefits for the foreign investor are the sales of carbon certificates produced by the plantations.