Guatemala Seeks Funding for Roadworks

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

Thursday, December 12, 2013

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 .



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.

$40 million in Funding for Road in Guatemala  

July 2013

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

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.

Financing Sought for Questioned Road Project

April 2013

In Costa Rica the Brazilian company OAS has six months to find someone to pay more than $500 million for a project that has been opposed by 90% of the population.

According to Edwin Rodriguez, technical secretary of the National Concessions Council (CNC), the Brazilian company OAS is negotiating with international banks for the resources to fund the project.

$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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