Guatemala highway contract awarded

SBI International Holdings will carry out US$93 million of road construction works in Guatemala. The works will be for the upgrading of four sections of road in Alta Verapaz and Quiche that measure just over 144km. The deal was awarded by Guatemala’s Ministry of Communications, Infrastructure and Housing (CIV). SBI International Holdings is a subsidiary of Israeli firm Solel Boneh International. A $100 million loan from Japan's International Cooperation Agency (JICA) has provided the necessary financing for the work to be carried out. The sections of road include a 33.6km stretch from Chicaman, through El Soch to Seca and a 36.54km section from Seca through Lancetillo and Saquixpec to El Paraiso. They also include a 45.6km section from San Juan Chactela to Ixcan and a 28.6km section from Lanquin to Cahabon. A contract has yet to be awarded for a fifth stretch of road.