The construction of the Inter-Oceanic Corridor in Guatemala is expected to get underway in April 2014, following the completion and approval of feasibility studies
The project will require between US$ 10 billion and $12billion in investments and unite the Pacific with the Caribbean through the construction of a 372km motorway, two railway lines (for freight and passengers) and five pipelines. A total of two ports will also be constructed, one in the Pacific and one in the Atlantic. Construction works will take at least five years.
The Inter-Oceanic Corridor is a private sector project supported by the Guatemalan government. Executive President of the project, Guillermo Catalan, has said that 3,533 plots of land will be purchased over coming months in order to make way for the project.
According to Catalan, construction of the Corridor will invigorate the country's economy and generate more than 30,000 direct jobs. It will also benefit 46 of the country's 333 municipalities directly.
The project will require between US$ 10 billion and $12billion in investments and unite the Pacific with the Caribbean through the construction of a 372km motorway, two railway lines (for freight and passengers) and five pipelines. A total of two ports will also be constructed, one in the Pacific and one in the Atlantic. Construction works will take at least five years.
The Inter-Oceanic Corridor is a private sector project supported by the Guatemalan government. Executive President of the project, Guillermo Catalan, has said that 3,533 plots of land will be purchased over coming months in order to make way for the project.
According to Catalan, construction of the Corridor will invigorate the country's economy and generate more than 30,000 direct jobs. It will also benefit 46 of the country's 333 municipalities directly.
