Skip to main content

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.

Related Content

  • Indian construction machinery exhibition planned
    March 6, 2020
    Plans are moving ahead for the bauma CONEXPO INDIA construction machinery exhibition.
  • Building an airport for St Helena
    August 29, 2013
    The remote South Atlantic island of Saint Helena will shortly benefit from the construction of a new airport as well as access roads and supporting infrastructure. This is the biggest construction project in the history of the island, which lies nearly 2,000km off the coast of Africa. The airport is expected to boost economic development for the island’s 4,000 residents with an estimated 20,000 people a year forecasted to visit this highly remote, 122km2 equatorial volcanic outcrop. At present the islan
  • New Hoover Bypass Bridge complete
    February 29, 2012
    Work on the new Mike O'Callaghan-Pat Tillman Memorial Bridge crossing the Colorado River and providing a road link between Nevada and Arizona has now been completed.
  • Europe's smart road pricing project
    April 12, 2012
    New trials pave the way for smart road pricing using Global Navigation Satellite Systems (GNSS). In recent years, the concept of road charging has been gaining acceptability among Europe's policymakers.