A statement from the Presidency of Guatemala reads:
In order to increase the country’s competitiveness, the communications minister, Alejandro Sinibaldi, introduced on Tuesday a project to build a logistics center connecting ports and borders. This was stated by him during the opening of the XXI Latin American Congress of Ports in Guatemala, held at a hotel in Antigua Guatemala.
This project includes widening to four lanes the width of the roads connecting border points, and costs approximately U.S. $1.6 billion (Q12.3 billion).
The aim of these works would be to exploit Guatemala’s geographical location, because it has access to the Pacific and Atlantic, as well as being a connection point on the border with Mexico and the rest of Central America, mainly El Salvador, the second largest trading partner in the region, after the United States. "It is necessary to extend the road from border to border, including the road from Tecum Uman, San Marcos, to Pedro de Alvarado, Jutiapa. Also, connecting the ports Santo Tomas de Castilla, in Izabal and Puerto Quetzal, in Escuintla," said minister Sinibaldi.
The president of Guatemala has announced a master infrastructure program for the construction and expansion of roads and bridges.
President Otto Perez Molina announced the launch of several major infrastructure projects, among which are two roads: one from port to port (from Santo Tomas de Castilla, Izabal, to Quetzal, Escuintla) and one border to border (from Mexico to El Salvador).
The government negotiates with Mexico to obtain $128 million from the Yucatán Initiative to expand to four lanes the road going to the port of La Libertad and to build two bridges on the borders of La Hachadura and Aguiatú.
Of the $128 million earmarked for these projects, half is from a grant from the Government of Mexico and the rest from a loan that the country will obtain from the Central American Bank for Economic Integration.