This highway, of more than 30 kilometers, begins at kilometer 142.5, in San Antonio Suchitepéquez, until kilometer 172, San Andrés Villa Seca, Retalhuleu; It articulates a relevant part of the country’s agricultural, livestock, agro-industrial and tourism production, whose improvement in connectivity directly affects logistics efficiency, transportation predictability and the generation of new development opportunities.
Xóchi is the result of a broad articulation that involves managing partners and top-level financial actors such as IDC and BCC Private Equity. There is also the support of financial entities such as Banco Industrial and IDB Invest, as well as more than 700 investors, through public issuance and the important participation of various local partners.
This structure, in addition to making the project viable, reflects a more inclusive and collaborative way of developing infrastructure, by democratizing capital, especially within local communities and the region.
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In fact, Xóchi reflects the ability to articulate national and international capital around a common objective and demonstrates that it is possible to channel resources towards high-impact projects with sustainable scope. In this sense, the participation of Banco Industrial has allowed us to strengthen the financial structure of the project and accompany its development as part of a strategy aimed at promoting economic growth and well-being in the communities where it serves.
“This type of projects contributes to improving competitiveness and expanding opportunities in different regions of Guatemala. The role of Corporación Bi is to promote initiatives that transcend financing to become development platforms,” highlighted Luis Lara, CEO of Corporación Bi.
This project, which was developed, financed and executed by private initiative, and which offered job opportunities to more than 4 thousand people, mostly from the surrounding communities; reflects a long-term strategic vision to strengthen the competitiveness of Guatemala, promote the development of the communities present in the area and the commitment to the economic growth of the country and the region.
“The entry into operation marks a turning point in the development of the project, and from this moment on the effects of a solution designed to address a structural challenge begin to be reflected in the economic and territorial dynamics of the region,” concluded Carlos Colom, Director of Infrastructure and Energy at IDC.