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

  • Senior ADB figure urges governments to act on sustainable transport
    September 27, 2013
    Multilateral development banks (MDB) are determined to do all they can to encourage governments of developing countries meet key sustainable transport targets, according to a senior figure at one of the world’s biggest MDB’s. Guy Woodford reports Tyrrell Duncan, Asian Development Bank’s (ADB) director of Transport and Communications Division, East Asia has been at the forefront of MDB efforts to enhance sustainable transport and road safety in developing countries. Speaking during a break in talks at the In
    Read More
  • Environmental solutions for tomorrow's roads
    August 2, 2012
    Leading the change, IRF organises its 2nd Conference on Roads & Environment in Geneva, Switzerland on 10-11 November 2008 An opinion poll in the UK at the end of June showed that more people think their government should first try to tackle environmental issues before trying to tackle global economic problems. Two-thirds of people were even in favour of green taxes, either now or when economic conditions improve. The environment remains high on the agenda in most countries, including in those where public o
    Read More
  • A key expressway project is due in Nepal
    July 26, 2012
    The Nepalese Government plans to open a key expressway project to tender. The Ministry of Physical Planning works and Transport Management is inviting bidders to show their interest in the construction of the Kathmandu-Nijgadh-Pathlaiya Terai/Madesh Expressway project. This new road link is intended to be offered under a PPP/BOT model. The 76km expressway is expected to cost US$853 million to construct. A feasibility study has been carried out and the expressway will be designed to meet the Class – A Catego
    Read More
  • IRF launches global road diagnostic initiative
    March 8, 2016
    Transportation decision-makers will soon benefit from a new comparative study on the cost-effectiveness of road programme delivery. This will be thanks to the launch of a global benchmarking initiative by the International Road Federation using a methodology developed by McKinsey & Co. Globally, US$1.4 trillion is invested every year on transportation assets — including $700 billion for roads - as the world’s economies develop and respond to emerging mobility patterns. Delivering these road programmes
    Read More

Highlighted Content