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Latin America Investment News on Viva Tropical

Guatemala Seeks Investors to Build Two More Airports

Article Summary:

The Guatemalan government has announced the start of the process to attract investment for the construction of two new airports. One will be for tourism, located in Izabal and the other for cargo will be built in Escuintla.

Photo Credit: Siglo 21

Original Article Text From Siglo 21 via Google Translate :

Build Two New Airports

In search of improving the country’s logistics and freight transport, as well as promoting tourism, Roxana Baldetti vice president announced that the Government intends this year to begin a process to attract investors in the construction of two world-class airports.

The Pacific coast is the bet to raise revenue by charging current airstrip is at the Naval Base in Puerto de San José, Escuintla. While across the country, on the Atlantic coast, in Izabal Air Base, one of the largest in the country.

The idea is that tourists can come and have more places like near Semuc Champey, Tikal and Lake of the department.

Izabal Airport is located near the shore of the Bay of Amatique and was the first tarmac by the Government of the United States during World War II for strategic reasons. While Escuintla was renovated in 2007 with the construction of a new terminal and is currently used mostly for military exercises skydiving.

Business investment would come under the Law of Partnerships for Economic Development, known as Public-Private Partnership.

“We’re trying to be through the Public-Private Partnership Act because the state lacks the resources to do it alone and we are thinking that next year could bring investments of this nature,” said Baldetti.

He clarified that “four years go fast; van and eight months of this government and if we do not start as soon as possible we will not see the fruits and an attractive country for investment.” Among the outstanding issues is the specification of the amount of public funds and the private party, in addition to finding an employer who accepts the challenge.

The auditor of the Directorate of Civil Aviation (DAC), Armando Asturias, adding that seek to increase the level of competitiveness in the region to compare with countries like El Salvador and Panama, known for the level of freight and passengers. He explained that “make the necessary adjustments in the tracks and airports and even in recent years was being” (read: positive announcement ).

Link to Original Article:

From Siglo 21

Latin America Investment News on Viva Tropical