The following excerpt is from a February 12, 2010 article published by Business News Americas. To read the entire article please click here.
Guatemala’s US$12bn technological corridor project (CTG) to link ports on the Atlantic and Pacific oceans will get underway in June this year, northeastern municipalities’ association head Álvaro Olavarrueth told BNamericas.
The corridor will be 327km long and 140m wide, spanning the Izabal, El Progreso, Zacapa, Chiquimula, Jalapa and Jutiapa departments, and will include a four-lane highway, cargo rail line, and interoceanic oil and gas pipelines. The initiative also involves the construction of two new ports in Izabal and Jutiapa departments, as well as an airport.
The project, first conceived some ten years ago as a “dry canal”, will be funded almost entirely by the private sector via concessions…
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