A feasibility study indicates that the region has economic and port potential to develop a system of short sea shipping.
After evaluating 49 ports with international traffic in the region, a feasibility study prepared by the Mesoamerica Project concluded that no large investments in access infrastructure are needed in order for ports to boost regional shipping.
Building a modern highway from Colombia to Mexico would provide a big boost to the economic integration of the isthmus.
Unlike the hitherto unproven economic viability of various other inter-oceanic canal projects (wet and dry) announced in virtually every country of the region, a "dry canal", which would improve the current transit conditions of goods and people from Mexico to Colombia, does appear to be the best investment in infrastructure for the isthmus.
It has been pointed out that neither the government nor the National Alliance for the Development of Economic Infrastructure have ties to the Inter-Oceanic Corridor mega project.
While spokesmen for the companies behind the project announced the start of construction of the first phase in July 2013, it has still not been explained how the initial cost, estimated at $7.5 billion, will be financed.
Both governments reaffirm their commitment to building a road system that will cross seven countries from Mexico to Panama.
The Mexican and Costa Rican Foreign Secretaries, Patricia Espinosa and René Castro, highlighted the importance of the project, “in facilitating the development of the Pacific Corridor by reducing transport times between Mexico and Panama from 190 hours to 59”.
This donation will boost the Pacific Corridor project, a highway system connecting Mexico with Panama.
The initiative seeks to improve infrastructure and road safety, and to make trade easier by improving customs procedures and controls.
$1.1 million are earmarked to make it easier to cross the national borders, contributing to make vehicle and goods transit more efficient, fostering regional trade. The initiative will develop plans and feasibility studies for improving several border crossings.
The Tuxtla Summit concluded with the full incorporation of Colombia and new compromises under "Proyecto Mesoamérica"
In the final declaration, it was established to "accelerate the electrical interconnection in the region, and conclude works on the Mesoamerican Information Highway (internet link)".
"The summit, hosted by Costa Rican president Oscar Arias, was attended by Colombian president Alvaro Uribe; Felipe Calderón, from Mexico; Ricardo Martinelli, Panamá; Mauricio Funes, El Salvador; Álvaro Colom, Guatemala, as well as officials from Honduras, Belize and Dominican Republic".
Central America and Mexico agreed on a plan to harmonize the rules on weights and dimensions allowed on roads and ports.
The Directorate of the Mesoamérica Project announced in a press release: "The main priority in this plan is to simplify procedures and improve the weight control and dimensions that apply in ports and roads in the region with the objective of those countries saving in investments."
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.
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