Possible New Bidding Process for Northern HighwayWhen changing the financing scheme to sovereign debt, BCIE suggested Guatemala to do its bidding process again.Thursday, August 27, 2009
The original public bid, won by its sole participant Solel Boneh FTN, stated that the winning company was responsible for obtaining financing for the project, which in this case was provided by the Central American Integration Bank (BCIE) to the company. Source: elperiodico.com.gt ¿Busca soluciones de inteligencia comercial para su empresa?"Franja Transversal" Highway Will Create 47.000 JobsSeptember 2009 This was affirmed by Guillermo Castillo, Guatemala's infrastructure minister, adding that works would start in November. Guatemala Approves Loan for Traversal HighwayAugust 2009 Congress approved a $203 million loan by BCIE, for the construction of the 362 kilometers of the highway named "Franja Transversal Norte (FTN)". $201 million approved by BCIE for GuatemalaDecember 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. Controversy over $13 million airport loan in GuatemalaJune 2008 A 13-million-dollar loan for remodelling the La Aurora Airport in Guatemala was rejected by the deputy minister of Communications, who said he was looking for "a better offer."
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