Guatemala’s Inter-Oceanic corridor is of national/public interest

The Guatemalan government has recently announced that the Inter-Oceanic corridor project, involving a four-lane motorway, a railway, two ports and industrial parks, is of national and public interest, as it will allow the country to position itself strategically for global trade. Such a large scale project is expected to attract foreign investment, create new jobs and enlarge government coffers in terms of taxes. Infrastructure investments of US$ 7 billion- $8 billion have been calculated. The first interna
July 22, 2013 Read time: 1 min
RSSThe Guatemalan government has recently announced that the Inter-Oceanic corridor project, involving a four-lane motorway, a railway, two ports and industrial parks, is of national and public interest, as it will allow the country to position itself strategically for global trade.

Such a large scale project is expected to attract foreign investment, create new jobs and enlarge government coffers in terms of taxes. Infrastructure investments of US$ 7 billion- $8 billion have been calculated. The first international firm to show interest in the Inter-Oceanic corridor is said to be Eurogas Enterprises, which has spoken favourably about this venture.
Road Structures

Related Content

  • Inter-Oceanic Corridor, Guatemala construction from April 2014
    August 9, 2013
    The construction of the Inter-Oceanic Corridor in Guatemala is expected to get underway in April 2014, following the completion and approval of feasibility studies. The project will require between US$ 10 billion and $12billion in investments and unite the Pacific with the Caribbean through the construction of a 372km motorway, two railway lines (for freight and passengers) and five pipelines. A total of two ports will also be constructed, one in the Pacific and one in the Atlantic. Construction works will
    Read More
  • Foreign investors eye expansion into Russian road-building industry
    March 18, 2016
    The Russian road sector looks set for international investment - Eugene Gerden writes Amid the ongoing recovery of the Russian economy from the effect of Western sanctions, foreign investors are considering accelerating their activities in the Russian road building industry. In recent months the establishment of joint ventures with local road building companies has become no longer as profitable for foreign investors as it was in the past. As a result the majority of foreign investors are considering
    Read More
  • India’s key tunnel project attracting new bidding
    June 5, 2017
    India’s massive Zojila Tunnel project in Jammu & Kashmir is attracting new bidding. The National Highways & Infrastructure Development Corporation (NHIDC) is asking for new bids for the project. A number of Indian and international firms are expected to enter bids, with some planning join ventures for the work, which is expected to cost US$1.55 billion.
    Read More
  • Brazil: Phase 2 of PAC infrastructure programme shows results
    December 18, 2014
    Brazil has built nearly 5,200km of roads in the past four years, according to a review of the federal government's PAC Phase 2 accelerated economic growth programme. Around 1,400 of the 5,200km were built under long-term concessions and another 7,000km are under construction. Total investment has been around US$24.43 billion. PAC is a strategic investment programme that combines management initiatives and public works, according to the World Bank. The first phase, launched in 2007, saw around $349 bil
    Read More

Highlighted Content