$40 million More for Centranorte Project

Banrural and the German Bank for Development and Investment have granted a loan to Servicios para Centrales S.A. to finish building the bus transfer terminal CentraNorte in Guatemala.

Friday, June 8, 2012

The Rural Development Bank (Banrural) and the German Bank for Development and Investment (DEG, by its German acronym), have agreed to pay $40 million to the company Servicios para Centrales S.A., to complete construction of the bus transfer terminal CentraNorte, reported Elperiodico.com.gt.

CentraNorte will be a bus transfer center located in zone 18 of the capital which is due to come into operation on 15 November and expects to serve more than 1,600 buses and 30,000 passengers per day (about 2.1 million people a month) coming from the northeast of the country. The project’s construction area measures 60 thousand square meters and will house 271 shops.

The project belongs to Guatemalan investors and the Colombian construction company ConConcreto, who have already invested $20 million of equity in the project.

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The complex will also have space for 300 banks, restaurants and shops.

In order to ease congestion of traffic coming from the East, a bus terminal will be built, which will be able to receive 2 million passengers per month.

Buses coming from that area will not have to go into the city, helping to improve traffic conditions in the capital, especially in rush hours.