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

  • New lanes open on New Jersey Turnpike
    October 31, 2014
    The New Jersey Turnpike Authority has opened new lanes on the New Jersey Turnpike between Interchange 6 and 9.
  • Deutsche Bank and Akbank among banks to fund Gebze-Izmir motorway
    March 19, 2015
    A final financing agreement for Turkey's 421km Gebze-Izmir motorway project will be signed by nine banks, eight of which will be Turkish, in April. The agreement will be for around US$4.73 billion of the deal likely to cost in total more than $6 billion and which is the country’s largest public-private partnership project. The banks are Deutsche Bank and Turkish banks Akbank, Garanti Bankasi, Finansbank, Is Bankasi, Halkbank, Ziraat Bankasi, Yapi Kredi and Vakfbank. Work has been going on since 2010 for the
  • New elevated highway for Bangladesh
    May 31, 2017
    A new elevated highway stretch is being planned for Bangladesh. This route will run between Shah Amanat Airport in Chittagong and Lalkhan Bazar and is intended to cut congestion at peak periods.
  • New elevated highway for Bangladesh
    May 31, 2017
    A new elevated highway stretch is being planned for Bangladesh. This route will run between Shah Amanat Airport in Chittagong and Lalkhan Bazar and is intended to cut congestion at peak periods.