Guatemala Seeks $220 million for Road

The executive is negotiating a loan for the expansion of the road between Escuintla and Ciudad Pedro de Alvarado, in Jutiapa.

Thursday, March 21, 2013

Aljenadro Sinibaldi, Minister of the Presidency, said that in the next few days a bill will be sent to Congress for acquiring these funds, which are part of the second phase of widening the road.

The loan for this project would be implemented by the Ministry of Communications, and was announced along with two other potential loans, one of $237 million to fund the current budget and one of $280 million for hospital investments.



More on this topic

Guatemala: $100 million for Road Works

June 2014

With a loan from the government of Taiwan a stretch of 22 kms from the CA-9 Atlantic road leading southeast of the country will be expanded to four lanes.

The roadworks planned by the government are to start in late July, and comprise of the third phase of the project of expanding the logistics corridor linking the capital with the South East.

Nicaragua: $57 million for Road Infrastructure

May 2014

The government has announced the construction of 80 kilometers of roads in the north of the country with funds loaned and donated by the World Bank.

Construction of road is expected to start between the towns of El Cua and Wiwilí towards Santa María de Pantasma, in Jinotega, before the end of the year.

Costa Rica: Questions Over The Chinese Company That Will Build Highway

November 2013

The Costa Rican government has signed a $395 million loan conditional on the award of a contract to a construction company that has been blacklisted by the World Bank.

China Harbour Engineering Company (CHEC) will expand the stretch of 107 kilometers on the road to Limón, despite questions having been asked in four countries regarding fraud and bribery.

$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.

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