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Latin America Investment News on Viva Tropical

Guatemala Sizes Up Mega-Projects, Including New Airport and Super Highway

Article Summary:

With approval from the National Alliance for the Development of Economic Infrastructure in Guatemala, several mega-investment projects including roads, airports, and bridges will soom come to fruition. Two of the most ambitious under consideration are the construction of a four-lane highway on the Pacific coast between the borders with Mexico and El Salvador, and a regional airport at Retalhuleu. 

Photo Credit: Prensa Libre

Original Article Text From Prensa Libre via Google Translate :

Ministry of Communications Studying Investment Projects

On the agenda referred to the warrants, the name given to the construction of alternate routes to reduce road congestion in parts of the province, among which are those of Chimaltenango, San Sebastian and Cuyotenango, Suchitepéquez, and San Bernardino, Retalhuleu. These could be between 10 and 15 kilometers, according to the VIC.

Attractions
Projects the attention of the private sector, for their feasibility to recover the investment, said Deputy Minister of Communications, Ruben Mejia.

Article 62 of the Act provides that approval of the contract between the company awarded the bid and the State must sign the legislature.

“There is concern that these projects are not approved by Congress, because there are trapped and politicized,” said Mejia.

The most ambitious plan under consideration is the construction of a four-lane highway on the Pacific coast, between the borders with Mexico and El Salvador. Includes two bridges and City Tecum Uman Pedro de Alvarado.

To study a redesign of the section of this route, the VIC operates with the Government of Mexico that could donate up to $ 5 million for it.

Another major project is a section of the metropolitan ring road, at km 22 in the South CA9 capital area 13. This would travel Villa Nueva, San Miguel Petapa, Villa Canales, zone 21, and culminate in zone 12.

Another initiative that is envisaged is the construction of a regional airport, at a cost of Q150 million.

Council without integrating
The National Alliance for the Development of Economic Infrastructure (Conadie), formed by four ministers of state, secretary of the Presidency and two private sector representatives will be responsible for approving the projects planned.

The Conadie, even without being integrated with a budget of Q5 million.

Infrastructure
Investment projects including roads, airports and bridges.

Construct four warrants in Chimaltenango, San Sebastian and Cuyotenango, Suchitepéquez, and San Bernardino, Retalhuleu.

A road on the Pacific coast, to link southern Mexico to El Salvador between the borders Tecum Uman and Pedro de Alvarado.

A section of the metropolitan beltway, between km 22 South CA9 capital area 13.
Discussed building an airport in Retalhuleu.

Viable initiatives
Roads, ports, airports, generation projects, transmission and power marketing and rail are subject to these partnerships, said Emmanuel Seidner, president of the Legislative Commission of Economy. He added that programs may receive little opposition, making it feasible to be accepted.

Require control
Carlos Barreda, vice president of the Transparency Commission, said that contracts signed under the Act require controls to prevent them from being injurious to the state.

Given the possibility of taking on Congress approving the allocation, Barreda proposed that Members of the Chamber of Economy integrate Conadie.

Link to Original Article:

From Prensa Libre

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