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.
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.
The opportunities that make feasible a system infrastructure, as proposed in the Inter-Oceanic Corridor are:
- The sustained growth of world trade and the growing demand for maritime transport services .
- The saturation of current routes and infrastructure of logistics and transport.
- The increased size and capacity of new ships, which do not pass through the Panama Canal and will not pass even after the enlargement.
- 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.