The government has signed a concession agreement with the company Autopistas del Atlántico SA to build a road measuring 105 kilometers with four lanes in the departments of Cortés, Yoro and Atlantis.
The project contract was awarded in concession to the company Autopistas del Atlántico SA, a consortium formed between the Honduran company Prodecon and the business group Grodco from Colombia.
The 6% rate paid on the ten year term issuance is higher than that offered in issuances that were made to finance the purchase of the North and South corridors.
The National Highway Company has turned to the stock market in order to fund the expansion of the northern corridor road, having succeeded in raising funds for the northern and southern sections.
On December 4th Fitch Ratings will hold a conference entitled 'Challenges and Opportunities for Structured Finance and Infrastructure in Central America and the Caribbean.'
Securitization of Assets, an Option for Capital Markets in the Region, is one of the subjects to be discussed in the event's agenda. Participants will include Marielena Garcia, SVP of Investment Banking at MMG Bank Corp, Alberto Gutierrez, president of Titularizadora Colombiana, John Rauschkolb, General Manager La Hipotecaria and Diego Torres, vice general manager of BHD Valores Puesto de Bolsa.
Fitch suggests an increase in tax burden in order to improve government spending and thus achieve higher social spending.
This will improve the country´s risk ratings and thus attract investment, said Erick Campos, Executive Director of Fitch.
Sigloxxi.com includes statements from the executive, "Guatemala has maintained a record of good macroeconomic management, which has allowed it to have good credit ratings, but cannot advance any further because social conditions are not the best, so to progress, the State must increase social spending and therefore needs more revenue. "