Reports have arisen that the document signed by the Presidents of both countries, is not even accessible and there is even less basic information about the project's feasibility.
To date there has been no information available on the technical studies, financial analysis and feasibility reports. Neither is the data on the geographical path of the project, rights of way to be acquired, the intended beneficiaries, the source of the total funding required and the overall impact of the mega project.
The urgent need for economic development in the region frequently makes everyone draw the attention to proposals that have dubious viability.
EDITORIAL
The Mexican company which announced the huge investment also announced, on a website under construction, the development of the port of Nanchital in Mexico, citing current concession rights which have actually been revoked.
Guatemalan Entrepreneurs are asking for the consultations with communities about the environmental impact of mining and infrastructure projects to be regulated.
The Guatemalan Chamber of Industry (CIG) and the Union of Extractive Companies (GEE) has proposed the creation of a regulation governing community consultations, believing that these should be one more indicator in the approval process, and should not be binding in nature.
Spanish technicians are examining the feasibility of a railway line linking La Aurora International Airport to Antigua Guatemala.
According to an article in Siglo21.com: "The Controller of Ferrocarriles de Guatemala (FEGUA), Carlos Samayoa, said that on July 16 the Spanish technicians will arrive to assess the country's conditions and the feasibility of a journey that would leave from behind the airport and run around the borders of the city, and would feed into intermediate stations and Suburban transportation. "
In the 80's, feasibility studies, essential guides to the interest of investors, were not carried out.
The lack of feasibility analysis is affecting investment flows coming into the country, as many investors are withdrawing from participating in projects where there are no feasibility studies.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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