Guatemala Studies Road to the Pacific

The government of Guatemala has started the first analysis phase for the construction of the highway known as "Franja Trasversal del Pacifico (FTP)".

Tuesday, July 28, 2009

570.000 people in five departments of the South Coast would benefit from the project, that will run parallel to the highway named "Franja Trasversal del Norte -FTN-".

"The objective of this project in the Guatemalan south is to make the region competitive in economic terms, socially integrated, environmentally sustainable, while taking advantage of the qualities of all the involved territories", published Prensa Latina. "Authorities are foreseeing a 6 month term to have a report on public investment projects in the Pacific coast".

More on this topic

Israel's H&C will build Highway in Guatemala

October 2009

The company won a $230 million contract to enhance the highway dubbed "Franja Transversal del Norte", which connects the country's north.

The company must finish the project in 3 and a half years, and provide maintenance for an additional 10.

Housing and Construction (H&C) is Israel's largest construction company.

"Franja Transversal" Highway Will Create 47.000 Jobs

September 2009

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

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: "...

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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