The new airport in Comayagua is a catalyst for investment

Tegucigalpa, Honduras. –Comayagua Airport (XPL) or Palmerola International Airport should be considered a “catalytic investment” given the development of production infrastructure and support for all the services the airport will require, according to Jacqueline Foglia Sandoval, Executive Secretary of the UAE National Council. Honduras Investments (CNI).

The executive noted that Palmerola “has a strategic location in the center of the American continent, which provides it with the mission of liaison (logistics center) to mobilize people and goods.” He said, “It should be considered as a land meeting point, and an exemplary transport exchange and international interconnection,” noting that “with its opening, the costs of international flights and the possibility of direct flights to more destinations have been reduced. Enhancing greater convergence of travelers and investors.”

For Foglia Sandoval, this is a driver that “encourages private investment in agribusiness, logistics, construction, tourism, business services, health, energy and light manufacturing, providing these opportunities for the Palmerola subregion, namely Comayagua., Siguatepeque, Villa de San Antonio, La Paz and Lamaní and Lejamaní, San Sebastián, Cane, Humuya, Ajuterique, San Jerónimo, and El Rosario”.

On the sectors that benefit the most from running Comayagua Airport or Palmerola International AirportHe indicated that investment opportunities in both the private and public sectors will be presented. Among the investment opportunities for the private sector, social housing, cold chain logistics, merchandise trading, shopping malls, hotels, restaurants, convention center, supply centers, hospital infrastructure and agricultural parks are mentioned.

Among the investment opportunities for the public sector, those that stimulate the development of private investment have been identified, such as water harvesting systems with multi-purpose dams, strengthening the power grid in La Paz and Comayagua, strengthening tourist chains, improving telecommunications connectivity, and improving the primary and secondary road network in 12 A municipality in the Palmerola subregion, a CNI representative explained.

“The impact that Palmerola will have, together with the logistics corridor and the dry channel, is related to the strengthening of the logistics, tourism and production capacities of the subregion, due to the dynamics generated by these megaprojects, enhancing the competitive advantages of the sub-region of Palmerola and Valle de Comayagua”, Highlights of Foglia Sandoval.

He said the indirect economic impact of all these businesses would amount to approximately $156 million in private investment, and $35.2 million in annual operations in the subregion. “All of this will facilitate the creation of approximately 96,000 direct and indirect jobs during business construction, and approximately 25,000 jobs during annual operations.”

“All of this will be possible by implementing a strategy to link local government, central government and the private sector,” he said.

On the outlook in and around Comayagua, he said that over the past six months they have witnessed an increase in real estate transactions, purchase and sale procedures, operating permits and investments in the region.

“In this situation, the National Investment Council, together with public and private institutions, held ExpoInversiones Comayagua from November 17 to 24, 2021, promoting investment opportunities for citizens and foreigners, in a series of face-to-face exhibitions and pavilions.”

In response to a question about what are the state’s challenges with the arrival of these investors? He said that it should be sought to enable the central government, as well as local governments, to implement and implement strategies related to business and investment facilitation. , so that citizens and foreigners can establish and consolidate their investments.

It is important for the government to facilitate and speed up issues such as simplification of procedures for citizens, one-stop shop and online services, generation and enhancement of the energy supply system. In addition, strengthening the power and water supply system, strengthening the broadband network, among other major issues.

In the Honduran National Investment Council (CNI), it is responsible for the executive and administrative functions of the National Investment Council, in order to promote, facilitate, accelerate and protect private, national and foreign investment, potential or already proven. His main interest is to enhance the investment climate in Honduras by formulating policy proposals, and providing support and accompaniment to investors.

The Palmerola International Airport o Comayagua Airport (XPL), managed by Emco Holding Group, will begin operations once the airlines operating in Toncontin have completed their transition. The new airport is located about 75 kilometers from Tegucigalpa and 6 kilometers south of the city of Comayagua. The passenger terminal area is about 40 thousand square meters, with the ability to simultaneously receive up to 13 aircraft on the platform. Its charging station area is 3000 square meters with cold chain technology and more than 1200 covered parking spaces.

The station will have more connected destinations and will not be limited to hours like Toncontin, as it will operate 24 hours a day, seven days a week. It was designed with 11 gates, 4 of which are remote, and a corridor of approximately 2,500 meters in length.

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Jacqueline Foglia Sandoval is the Executive Secretary of the Honduran National Investment Council (CNI). She was the first foreign woman to graduate from West Point Military Academy, New York, with a bachelor’s degree in political science.

He received a Fulbright Scholarship for a master’s degree in International Relations and International Economics from Johns Hopkins University’s School of Advanced International Studies in Washington, D.C. He also holds a degree in Business Law and Politics from Carleton University in Ottawa, Canada, and an Executive MBA. PhD in Corporate Management from the Francisco de Vitoria University in Madrid, Spain. She held senior management positions in several companies, and worked as Under Secretary of State for Tourism in Honduras.