Banrural and the German Bank for Development and Investment have granted a loan to Servicios para Centrales S.A. to finish building the bus transfer terminal CentraNorte in Guatemala.
The Rural Development Bank (Banrural) and the German Bank for Development and Investment (DEG, by its German acronym), have agreed to pay $40 million to the company Servicios para Centrales S.A., to complete construction of the bus transfer terminal CentraNorte, reported Elperiodico.com.gt.
A group of Guatemalan businessmen led by Fernando Paiz, intend to use the idea of associating a passengers transfer center with a shopping center, something which has already been done in Panama.
"The business model of merging a transport terminal which provides sufficient human traffic with a large commercial center, and at the same time satisfies the purchasing needs of travelers who pass through it, or what can be seen today at Albrook Mall and the Great Panamanian Transport Terminal, will be copied in Guatemala," reports Laestrella.com.pa.
The Colombian company, Conconcreto, has announced an investment of $25 million to build the project.
The new bus terminal will have capacity to serve two million passengers a month, and will be built by Conconcreto and the company Servicios Para Centrales, originally from Guatemala, which will provide the remaining 50% of the investment ($25 million).
The complex will also have space for 300 banks, restaurants and shops.
In order to ease congestion of traffic coming from the East, a bus terminal will be built, which will be able to receive 2 million passengers per month.
Buses coming from that area will not have to go into the city, helping to improve traffic conditions in the capital, especially in rush hours.
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