State of Guatemala unsuccessful in stopping Ferrovias lawsuit

Ciadi, based in Washington, rejected the request by the State of Guatemala to suspend the suit for $65 million that was presented by Ferrovias in 2007.

Tuesday, November 18, 2008

By rejecting the objection, the International Center for the Resolution of Investment Disputes (Ciadi) asserts that it has the jurisdiction to handle the case in which the RailRoad Development Corporation (RDC), the majority shareholder in Ferrovias, is suing the Government of Guatemala.

More on this topic

Guatemala-Mexico Freight Train Reactivated

October 2015

It has been announced that as of December 15th the Tecún Uman San Marcos line will connect with the mexican Compañía de Ferrocarriles Chiapas-Mayab in order to transport cargo from Guatemala.

The Mexican train known as "The Beast", will enter onto Guatemalan soil through Tecún Uman, where it will receive cargo to be transported from Central America to Mexico and the United States.

Guatemala Sells Railway to Koreans

May 2011

Representatives from the Korean companies Hyundai and Yoochang have announced an agreement with the current owner of the Railroad Development Corporation, and a total investment of $2,400 million.

The Korean companies Hyundai and Yoochang Corporation plan to invest in restoring the functioning of the railway linking the Pacific and Atlantic coasts , to create a land alternative to the Panama Canal.

Korean Companies Interested in Guatemala Rail

May 2011

The firms Hyundai Corporation and Sha Yu have shown interest in acquiring a stake in the railroad business.

Guillermo Porras of The Attorney General's Office, said that in the course of this month a delegation from the Hyundai company will arrive for a fact finding mission and to learn about the state of the petition for arbitration that the Railroad Development Corporation (RDC), railways beneficiary, has brought against the Government of Guatemala.

Spanish-Costa Rican consortium proposed reactivation of cargo train

August 2008

The Hispanic-Costa Rican Logistics Group presented a proposal today to the government to restart the cargo train service from the different ports to the Central Valley.

The goal is to have Costa Rica transport at least 50% of its cargo by rail in order to reduce the number of trucks on the highways.

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