"Franja Transversal" Highway Will Create 47.000 Jobs

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

Monday, September 14, 2009

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: "... almost two months before the potential start of the megaproject, ... the company who won the contract, Solel Boneh, has not finished the road's design nor its blueprints. Additionally, it has not been established if the road will be made of concrete or asphalt", reports Sigloxxi.com.

More on this topic

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.

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.

$201 million approved by BCIE for Guatemala

December 2008

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.

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

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