Guatemala is Investing 15% Less in Infrastructure

Due to low tax collection, the Government will postpone until May some road improvement projects.

Friday, August 7, 2009

Byron Paiz is the Communications, Infrastructure and Public Works vice minister of Guatemala. He stated that some projects, like the 4 lane expansion between Siquinalá, Escuintla and Cocales, which were scheduled for October, will be postponed until March 2010.

From online newspaper Siglo XXI: "Some stretches of the Tecpán highway will also be postponed...".

More on this topic

Public Investments Planned for 2018

August 2017

The government of Guatemala plans to allocate $1 billion from the 2018 budget for public infrastructure projects, of which $626 million will go towards highway works. reports that "...The Central Government is projected to execute $686 million in infrastructure works, and the Departmental Development Councils (Codedes) $312 million."  

$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.

Guatemala: Strategy to Increase Investment Unveiled

August 2010

The plan will enable the state to invest more resources in infrastructure, security, human capital and innovation.

The strategy presented by the Guatemala's "National Competitiveness Program" (Pronacom), suggests modifying the country's tax on income (ISR in Spanish) so that more individuals are eligible, as well as bring into force the so-called anti-evasion law (currently in congress).

Panama: $2 Billion in Infrastructure

July 2009

Public investment planned by the government for 2010 sums $2 billion.

Finance and Economics Minister Alberto Vallarino spoke about the projects: "... the metro, the governmental city, the expansion of the canal and cleaning up the bay. Among the new ones, the air transport authority will include in its budget the extension of David and Colón airports".

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