IDB Gives $2.6 Million for Pacific Corridor

This donation will boost the Pacific Corridor project, a highway system connecting Mexico with Panama.

Monday, January 11, 2010

The initiative seeks to improve infrastructure and road safety, and to make trade easier by improving customs procedures and controls.

$1.1 million are earmarked to make it easier to cross the national borders, contributing to make vehicle and goods transit more efficient, fostering regional trade. The initiative will develop plans and feasibility studies for improving several border crossings.

$1.5 million will be used to develop pre-investment plans to improve road infrastructure and security in the highways which comprise the system.



More on this topic

The Best Dry Canal to Build in Central America

September 2013

Building a modern highway from Colombia to Mexico would provide a big boost to the economic integration of the isthmus.

Unlike the hitherto unproven economic viability of various other inter-oceanic canal projects (wet and dry) announced in virtually every country of the region, a "dry canal", which would improve the current transit conditions of goods and people from Mexico to Colombia, does appear to be the best investment in infrastructure for the isthmus.

Guatemala: $ 350 million for Pacific Highway

January 2011

The Brazilian government granted the loan for the expansion of the road called the Pacific Highway (Corredor del Pacífico).

The loan granted by BNP Paribas, will be invested in the expansion to four lanes and the rehabilitation of 300 km of the highway.

Guillermo Andres Castillo, Minister of Communications, expects for works to begin in eight to ten months and the project to last for an estimated three years.

IDB Supports "Pacific Corridor" Highway

August 2010

The Inter-American Development Bank (IDB) has prioritized the project to construct a 3,200km road system from Mexico to Panama.

The IDB has targeted $1,800 million annually to developing its "Mesoamerican Project". This program includes the Pacific Corridor highway network as one of its top priorities.

Costa Rica and Mexico Accelerate Pacific Corridor Project

July 2010

Both governments reaffirm their commitment to building a road system that will cross seven countries from Mexico to Panama.

The Mexican and Costa Rican Foreign Secretaries, Patricia Espinosa and René Castro, highlighted the importance of the project, “in facilitating the development of the Pacific Corridor by reducing transport times between Mexico and Panama from 190 hours to 59”.

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