Controversy over $13 million airport loan in Guatemala

A 13-million-dollar loan for remodelling the La Aurora Airport in Guatemala was rejected by the deputy minister of Communications, who said he was looking for "a better offer."

Monday, June 23, 2008

Last February the government approached the Central American Integration Bank to rent equipment to complete the renovation of the airport and for paying down its accumulated debts.
After analyzing the request, the bank gave a positive answer, but now the government is rejecting the loan.
Instead, it has accepted a loan offer from Global Leasing, S.A.
officials are now saying the resulting confusion is the result of an "error of procedure" on the part of Guatemalan officials.

More on this topic

IDB To Install Environment Hub in Guatemala

March 2010

The Inter-American Development Bank will open an office in Guatemala to process climate change topics in Central America.

The announcement was made by Juan Alberto Fuentes Knight, who added that “the environmental issue has grown in importance in the regional integration agenda and in each nation’s investment plans”.

$75 Million to Expand Tocumen Airport

March 2010

Tocumen, the International Airport of Panama, subscribed a $75 million loan to build infrastructure.

A $75 million loan was subscribed between Tocumen International Airport, “Banco Nacional de Panama”, “Caja de Ahorros” and the Bank of Nova Scotia Panama, to build the northern section of Tocumen International airport, explained Finance Minister Frank De Lima.

Possible New Bidding Process for Northern Highway

August 2009

When changing the financing scheme to sovereign debt, BCIE suggested Guatemala to do its bidding process again.

The original public bid, won by its sole participant Solel Boneh FTN, stated that the winning company was responsible for obtaining financing for the project, which in this case was provided by the Central American Integration Bank (BCIE) to the company.

Three in bidding for Panama airport publicity contract

June 2008

Three companies are bidding for the contract to manage advertising in Panama City's Tocumen international airport.

The three who remain in the race for the contract are Interspace Airport, Publitop and Efectimedios, according to airport management sources.

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