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

  • Key road projects underway in East Africa
    December 6, 2013
    A series of road improvements and investments will improve connections in Uganda, Tanzania and Ethiopia. The World Bank is offered the Ugandan Government a loan of US$400 million to rebuild roads in Kamdini and Tororo-Soroti-Lira. This funding will allow contractors to carry out road maintenance on the roads for 7-10 years, with work scheduled to start in 18 months. Meanwhile a deal worth $335.76 million has signed by the Tanzanian Government for the second phase of the Road Sector Support Project (RSSP-II
  • Guatemala highway upgrade and widening project
    December 15, 2016
    Guatemala is opening the tender process to improve and widen the CA-2 Occidente highway connection between Cocales and Tecun Uman. The Ministry of Communications, Infrastructure and Housing (CIV) is handling the tender for the project. Cocales is located in Guatemala’s Suchitepequez region, while Tecun Uman is in San Marcos. The highway capacity upgrade has an estimated cost of US$397.2 million to carry out. However, the project has been the subject of some controversy as the Brazilian contractor Odebrec
  • Near US$200m loan for Balkan motorway
    April 27, 2012
    The European Bank for Reconstruction and Development (EBRD) has granted a US$198million (€150million) sovereign-guaranteed loan for the construction of part of the new Banja Luka-Doboj motorway in Bosnia and Herzegovina. The loan-targeted motorway section is the main east-west link in Republika Srpska, one of the country’s entities. The EBRD said it will also support the preparation of the first public-private partnership (PPP) project for the main north-south link in Bosnia and Herzegovina, Doboj to Vukosa
  • Indian highways road construction
    April 16, 2012
    Superlatives, once applied only to China's phenomenal growth, are now being used for India. Patrick Smith reports Those involved with the Naini Bridge in Allahabad are so proud of the result that they have set up an exhibition centre detailing its construction.