Ministers propose high-speed Central American rail link

A high-speed train to link all of Central America from Guatemala to Panama was proposed at a meeting in Costa Rica of public works and transport ministers of the region.

Tuesday, May 27, 2008

Karla González, said the proposal had originally been raised in the context of the Mexican-led Puebla-Panama Plan. "It's just an idea at the moment but all the ministers are behind it," she added.

More on this topic

IDB to finance railroads in C.A.

November 2008

IDB approves financing for the feasibility study for reactivating the railroad system in the region for cargo transport.

Participating in the dialogue to obtain financing was Eduardo Calix, Vice Minister of Foreign Affiars and Presidential Commissioner for the Mesoamerica Project (MP), who attended the MP Executive Committee meeting where IBD agreed to provide $300,000 in support of the project.

Sieca: World Crisis creates uncertainty in Central America

October 2008

The financial crisis in the US is creating an atmosphere of uncertainty in Central America and the magnitude of the impact it will have in the region still cannot be determined.

According to the report, the financial crisis in the United States can have effects such as "a reduction remittances to families, which in 2007 was at $14.19 billion, and a drop in the construction industry," as many immigrants are building their homes in their countries and they may see a decrease in their income. Thirdly, Central America will see a reduction in exports to the US as a result of the economic contraction, and fourth, the region will see a decrease in foreign investments.

Tourism grows 17% in Central America

July 2008

The expansion of tourism by 17 percent in Central America is above the worldwide average and hasn't been affected by the economic recession, according to the region's tourist ministers.

The Central American Tourism Board, which held its 73rd annual meeting in Tela, Honduras agreed "to continue with efforts to promote Central America as an international destination," says the end-of-conference communiqué.

Europe aims for 90 percent tariff-free trade with Central America

May 2008

The European Union expects Central America to phase out tariffs on 90 percent of its products under a proposed free trade agreement between the two regions.

But Karl-Friedrich Falkenberg, the EU's deputy director of foreign trade, said the proposal would be put on the table when the two sides meet in Lima at the summit of leaders of the EU, Latin America and the Caribbean.

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