Projects

Background

The project started 14 years ago and has been conceptualized, initiated and developed by the Business Liaison Office for Latin America and S.A (Odepal GROUP), in collaboration with Guatemalan and international prestigious institutions, who have coordinated studies of pre - feasibility, to structure and develop activities that have conformed the implementation.

The Inter-Oceanic Corridor of Guatemala appeared in the early years as an idea. Initially, the opinion of people and prestigious institutions with extensive knowledge on issues related to logistics and global trade was sought, in order to reflect on the possible scenarios that could develop a project with many implications.

Subsequently, in spite of major changes in the international arena, its feasibility was established with rationality and an adequate level of certainty. Today we are at the stage of making this idea a reality.

In the initial five years, it was possible to clearly establish its legal feasibility and since then, the efforts focused on: forming a local business base, the seed capital, build trust and credibility, elucidate technical and financial doubts; in order to achieve the first authorizations of the institutions of the State of Guatemala.

Description

The Guatemala Interoceanic Corridor, is a private initiative with the vision to unite the two oceans through a strip of land that allows the connection of the Pacific Ocean to the Atlantic Ocean in Guatemala, on which will be developed a set of multimodal transport infrastructure, intended for container movement and passage of hydrocarbons. Complemented, along the route, by the implementation of Free Trade zones, as well as commercial, industrial and services areas. 

Oportunity

The opportunities that make feasible a system infrastructure, as proposed in the Inter-Oceanic Corridor are:

  1. The sustained growth of world trade and the growing demand for maritime transport services .
  2. The saturation of current routes and infrastructure of logistics and transport.
  3. The increased size and capacity of new ships, which do not pass through the Panama Canal and will not pass even after the enlargement.
  4. Asia´s energy demand, generates increased demand of oil in that region, as well as in transport services of production points in the Atlantic, and the eastern coast of the American continent to the east coast of Asia in the Pacific.

The opportunity is based in Guatemala´s privileged geographical position in the center of the main trade routes of the twentieth century. Guatemala is the first country facing the Free Trade Agreement with the United States, connecting the Northeast Asia to the northeastern side of the United States, where the 66% of the population of that country lives and represents 26 % of world trade.

Activities Held

1999 To 2001: Corporate Structure

"Multimodal route for inter-oceanic transfer of merchandise for America and the world."

Activities:

  • In 2001 the business, Oficina de Enlace y Negocios para América Latina, Sociedad Anónima (Business Liaison Office for Latin America) is registered, so they can work on the promotion and development of the Corredor Interoceánico de Guatemala. It began operations inviting family and friends to be the first investment group. Following with corporate structuring for businesses that make up the Project of the Corredor Interoceánico de Guatemala, same that make up the basis for the project.

Objectives:

  • Create a managing business for the Corredor Interoceánico de Guatemala, which assumes all the responsibilities in the project structuring. On the other hand, invite the relatives and friends to raise funds for seed capital and consolidate the organization and obtain a solid base to begin the activities, sustained in the visible opportunity.

2002 To 2004: Promotion And Conceptualization

Activities:

  • ODEPAL Group focuses on presenting the Corredor Interoceánico de Guatemala to the Guatemala government to generate support for the project, in addition to attending presentations in Japan responding to invitations to entities like JETRO and the International Development Bank, IDB. On the other hand, pre-feasibility studies were started, which at the end of 2003 and during 2004 they will be finalized to conclude them positively. In addition, in this last year the Guatemalan government through the President will deliver a letter of support for the project. 

Objectives:

  • Present the project to different important entities to promote and obtain support that will provide, on one hand, credibility and certainty, and on the other, advice in the conceptualization of the Corredor. In addition, to beginning the definition to the first lines of the project sustained in the first prefeasibility studies.

 

2005: Re-Conceptualization

Activities:

  • Panama announces the expansion of its canal, news that generates that all previous studies to the Corredor Interoceánico de Guatemala will be obsolete, so new options for the new studies with the following businesses will be hired: Global Insight, Hogan and Hartson, Taylor Dijoun, ALATEC coordinated by ILI.

Objectives:

  • Establish that the Corredor Interoceánico de Guatemala continues to be feasible, even with the expansion of the Panama Canal and define new guidelines for the project with said expansion.

2006 To 2010: Socialization

Activities:

  • The new prefeasibility studies were concluded positively, the President of Guatemala granted a second renewed support letter from the government and an implementation strategy for the project was begun, where it was presented to the same Municipal Mayors, community leaders, landholders, indigenous communities and other organizations in the area of influence for the Corridor in the Eastern region. During 2009, the Private-Public Alliance from the Local was signed, with 46 municipalities; action that comes from signing the Social Pact that regulates municipal participation, and in that way achieve the first running of the corridor strip. During 2010, the negotiations for properties began with each proprietor individually, where the negotiator, the community leader, among others, participated.

Objectives:

  • Hold a fair negotiation with all those involved, in addition to creating juridical and social certainty, and in this way reduce the region risk. In addition to creating a model for development where, from the base they generate trust and contribute to the region when associated to the project municipalities.

2011 To 2012: Operations Implementation

Activities:

  • We continue with the negotiation of the properties, action that generates the 1st assembly of the Xinca indigenous community for the dismemberment of the land, at the same time concluding the Feasibility studies and they begin the topography to trace the corridor. In 2012, the project is being presented to possible operators and investors, as well as beginning the formation of a Legal Logistics Center for the drafting of the minutes of the purchase-sale of properties and the Environmental Logistics Center for the environmental impact studies, followed by those of mitigation and compensation

Objectives

  • Obtain a trace with acceptable values and fair to all those involved, therefore obtain a social, legal, environmental, financial and technically feasible project with an established route, studies, designs and legal documents.

 

2013: Verifications

Activities:

  • The minutes are verified in the purchase sale of all properties; process which owners participate in (individually), the mayors, the negotiator, the Notary and 40 students about to graduate from law school. The files on the properties are also structured and are indexed to obtain a structured trace with all the legal documentation that corresponds. On the other hand, the President and Vice-President in the ministers council declare the Corredor Interoceánico de Guatemala of ‘Public use and National interest’ through governmental decree 270-2013.


Objectives:

  • Mainly obtain a trace that complies with all the requirements established by the consultants and keeping important juridical certainty to be able to structure a business on solid bases with the operators and investors, which at this time approve the structure and the project and its evaluation bases and its consultants. On the other hand, the Government of Guatemala gives the necessary support to the project to be able to become a business with certainty in the long term.

Address: 6 ave. 19-54 Zona 11. Guatemala City, Guatemala.

Zip code: 01011

Phone Number: +502 2474-4204

Email: info@odepal.com