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.

One $280 million loan will be negotiated with the Central American Bank for Economic Integration (BCIE) and will be used to expand CA-2 East road from Escuintla to Cuidad Pedro de Alvarado, on the border with El Salvador to four lanes.

In addition, two other loans are being negotiated for the expansion of the route on the Atlantic. The first is for $300 million with CABEI, which will be used to fund the works from El Rancho, El Progreso, up to Mayuelas, Zacapa.

The National Development Bank of Brazil (BNDES) will provide the second loan of $340 million to expand the rest of the road from Mayuelas to Puerto Santo Tomas de Castilla, Izabal .

Source: prensalibre.com

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