Skip to main content

Guatemala seeks CABEI US$400mn loan to develop over 500kms of rural roads

Guatemala is to negotiate a loan of US$400 million with the Central American Bank for Economic Integration (CABEI) to develop rural roads. The loan will be on top of loans of $200 million taken from the World Bank and of $237 million taken from the IADB for the same purpose. The nation’s government says that with $150 million alone it could also build nearly 500kms of rural roads. The authorities would also like to replace some of existing bridges. Between 60 and 70 temporary bridges are earmarked to be re
November 15, 2013 Read time: 1 min
Guatemala is to negotiate a loan of US$400 million with the 863 Central American Bank for Economic Integration (CABEI) to develop rural roads. The loan will be on top of loans of $200 million taken from the 2332 World Bank and of $237 million taken from the IADB for the same purpose.

The nation’s government says that with $150 million alone it could also build nearly 500kms of rural roads. The authorities would also like to replace some of existing bridges. Between 60 and 70 temporary bridges are earmarked to be replaced with permanent bridges.

The government is also working on the expansion of the CA9 Norte motorway to Mayuelas, completing a $240 million 89km extension.

For more information on companies in this article

Related Content

  • Road transport key to Africa's trade links
    February 17, 2012
    Road transport is the key to improving Africa's links within its own territory, and further afield as Patrick Smith reports. Development of road transportation is the key to the future of the African economy, and countries on the continent are making great strides. According to a report by a transport infrastructure expert at the New Partnership for Africa's Development (NEPAD), within the next 15 years the value of trade in Africa could reach US$250 billion if a $32 billion investment is made to integrate
  • Mozambique government plans US$400mn transborder road project
    September 30, 2013
    The Mozambique government will build a road to link between the country and neighbouring Democratic Republic of Congo (DR Congo), Zimbabwe, Malawi and Zambia. According to Cadmiel Muthemba, the Housing and Public Works Minister, works on the US$400 million project are due to commence from February 2014, with funds for the project provided by a loan extended by Exim Bank of China.
  • We can be Heroes
    January 11, 2023
    Paraguay’s Puente Héroes del Chaco will provide a vital transport link for the country once it is complete, Mauro Nogarin and Mike Woof report
  • US road crashes increasing for 2015?
    August 19, 2015
    There is mounting concern in the US at the high number of crashes during 2015. For the first seven months of 2015, there has been a 14% increase in the number of traffic fatalities compared with the same period in 2014. The data shows that there were 18,630 road deaths in this period, with over 2.2 million serious injuries. This is a notable increase and should the trend continue it will mean that 2015 will have had the highest rate of road deaths since 2007. The cause (or causes) of the increase in road de