$40 million in Funding for Road in Guatemala  

The Brazilian Development Bank has loaned $40 million to be used for the expansion of the Cocales-Tecum Uman highway to four lanes.

Tuesday, July 23, 2013

According to Alejandro Sinibaldi, Guatemalan Minister of Communications, this money is in addition to $40 million which the Central American Bank for Economic Integration (BCIE) has already granted to the ministry.

"This year we hope to run about $100 million to advance the construction of the road in several phases," said Sinibaldi.

"The expansion to four lanes of the stretch between Escuintla and Tecum Uman will cost $410 million," reported Prensalibre.com.



More on this topic

Guatemala: $280 million for Road Works

May 2014

Congress has approved an international loan to rehabilitate and extend 108 kms of the route from Escuintla to Ciudad Pedro Alvarado.

The funds will be used to finance the implementation of the rehabilitation of the two existing lanes and the construction of two more lanes on the CA-2 East Highway.

Guatemala Seeks Funding for Roadworks

December 2013

The Government has announced that will negotiate international loans for $920 million for road construction.

The Ministry of Communications, Infrastructure and Housing (CIV) said it would be looking to obtain credit with international banks in order to expand three stretches of highway which go towards border crossings. Alejandro Sinibaldi, head of the CIV, confirmed that the three loans could materialize next year.

$399 million in Loans for Road

October 2012

Guatemala's Congress has approved a loan of $119 million from the CABEI and another from BNDES of Brazil for $280 million, for the expansion to four lanes of the highway to the Pacific.

The Ministry of Communications will be the executor of the road project to be financed with the two loans.

$1.5 billion Investment in Road Infrastructure

March 2012

The president of Guatemala has announced a master infrastructure program for the construction and expansion of roads and bridges.

President Otto Perez Molina announced the launch of several major infrastructure projects, among which are two roads: one from port to port (from Santo Tomas de Castilla, Izabal, to Quetzal, Escuintla) and one border to border (from Mexico to El Salvador).

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