Taiwan Supports Guatemala in Road Construction

The expansion of the Atlantic Road will be funded with a donation of $50 million and other $50 million in loans.

Wednesday, June 19, 2013

The Taiwanese government will donate $50 million for the expansion of the Atlantic Highway, and has also authorized a soft loan for another $50 million for the project which has a cost of $119 million.

Lending by the Asian nation is at a rate of 1% interest, with a five-year grace period and payable over 20 years. The money will be used to expand the Atlantic Highway, the stretch of road between Sanarate to El Rancho, El Progreso. As a counterpart, Guatemala will put up $19 million to complete the $119 million.



More on this topic

Guatemala: $50 million for Roadworks Confirmed

September 2015

With approval of the loan from Taiwan expansion works will be completed on the Atlantic Highway, between Sanarate and El Rancho, with an estimated total cost of $131 million.

The funds will be used to complete the expansion works on the road, on hold since November 2014 because of an error in the legislative process followed for its initial approval.

Guatemala: $100 million for Road Works

June 2014

With a loan from the government of Taiwan a stretch of 22 kms from the CA-9 Atlantic road leading southeast of the country will be expanded to four lanes.

The roadworks planned by the government are to start in late July, and comprise of the third phase of the project of expanding the logistics corridor linking the capital with the South East.

Guatemala: Road Tender for $90 million

April 2013

The Atlantic Highway will be expanded from mile 57 to 80, with partial funding from the Taiwanese government.

From a press release issued by the Government of Panama:

The Government of Guatemala in June signed an agreement with the Republic of China-Taiwan to complete the works for expanding and improving the Atlantic Highway from kilometer 57 to El Rancho, kilometer 80, during a working visit made by the president Otto Perez Molina to that nation.

Guatemala Seeks $220 million for Road

March 2013

The executive is negotiating a loan for the expansion of the road between Escuintla and Ciudad Pedro de Alvarado, in Jutiapa.

Aljenadro Sinibaldi, Minister of the Presidency, said that in the next few days a bill will be sent to Congress for acquiring these funds, which are part of the second phase of widening the road.

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