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.
The loan for this project would be implemented by the Ministry of Communications, and was announced along with two other potential loans, one of $237 million to fund the current budget and one of $280 million for hospital investments.
The Japanese Ambassador to Guatemala lamented a stalemate in Congress for approving a $120 million loan for road infrastructure.
"While I respect the procedures that each country has to follow, it doesn’t send out a good message that this loan has been stalled by internal processes," said Teruaki Nagasaki, Japanese Ambassador to Guatemala, as quoted by Elperiodico.com.gt.
"This year we will maintain our response and commitment to the region," said Alberto Moreno. “The $ 2.000 million” he added, “will be used to address infrastructure priorities, particularly roads, energy, social safety nets, with an emphasis on strengthening health services, education, housing, natural disasters and climate change, finance and public safety.
The country is negotiating a loan with the World Bank for $ 100 million and another with the BCIE for $ 265 million in order to assist in the emergency.
This was announced by Finance Minister Edgar Balsells during the Donor Conference on Reconstruction.
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