$201 million approved by BCIE for Guatemala

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.

Friday, December 19, 2008

The BCIE approved the $201 million loan, which includes design, supervision, administration of the right of way and the construction of the road.

The route for the Highway, which at the moment consist only of a gravel road, will be paved during the first semester next year, according to the announcement by Wilfredo Garcia, vice minister of Infrastructure, made after the BCIE approved the loan.

More on this topic

Guatemala: Northern Highway Awards Supervision Contracts

October 2009

6 companies will supervise the construction of the Transverse Northern Highway (known as FTN, "Franja Transversal del Norte", in Spanish).

Four of them are from Guatemala: "Consultora en Proyectos de Ingeniería y Sistemas"; "Aquaingeniería, S.A."; "Tecnología y Normas, S.A.," and "Oficina de Ingeniería Raúl Meza Duarte".

"Franja Transversal" Highway Will Create 47.000 Jobs

September 2009

This was affirmed by Guillermo Castillo, Guatemala's infrastructure minister, adding that works would start in November.

Most of the non-qualified labor will be hired from communities close to the highway, added the official.

When speaking about the start of the project, he remarked: "...

Guatemala: Northern Highway Will Start in October

August 2009

President Alvaro Colom announced that construction of the Highway dubbed "Franja Transversal del Norte" will begin on October 28th or 29th.

The 356 kilometer route will connect the departments of Izabal, Quiché, Alta Verapaz and Huehuetenango, and will require an estimated investment of $240 million.

Guatemala Approves Loan for Traversal Highway

August 2009

Congress approved a $203 million loan by BCIE, for the construction of the 362 kilometers of the highway named "Franja Transversal Norte (FTN)".

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.

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