Guatemala Approves Loan for Traversal Highway
Congress approved a $203 million loan by BCIE, for the construction of the 362 kilometers of the highway named "Franja Transversal Norte (FTN)".
Tuesday, August 11, 2009
Last year, the government asked for a $203 million loan at the Central American Economic Integration Bank (BCIE). The funds would be used by the company Solel Boneh in the construction of the highway.
The BCIE approved the loan for the construction of the Northern Traversal Road, with the project scheduled to start in the first half of 2009.
This was affirmed by Guillermo Castillo, Guatemala's infrastructure minister, adding that works would start in November.
President Alvaro Colom announced that construction of the Highway dubbed "Franja Transversal del Norte" will begin on October 28th or 29th.
6 companies will supervise the construction of the Transverse Northern Highway (known as FTN, "Franja Transversal del Norte", in Spanish).
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