New highway opens on Guatemala's South Coast, boosting connectivity and development

Guatemala's South Coast now boasts enhanced connectivity with the operational launch of Xóchi, Corredor de las Flores. This new highway, stretching over 30 kilometers, links San Antonio Suchitepéquez (km 142.5) to San Andrés Villa Seca in Retalhuleu (km 172).

The project, developed over three years through meticulous planning and execution, is poised to significantly impact mobility, productive activities, and territorial and social integration. It is strategically positioned to facilitate the movement of agricultural, livestock, agro-industrial, and tourism-related goods and services, thereby increasing logistical efficiency and transport predictability.

Xóchi represents a collaborative infrastructure development model, involving key stakeholders such as IDC and BCC Private Equity as managing partners. Financial backing includes contributions from Banco Industrial and BID Invest, alongside over 700 investors, including significant local participation. This inclusive structure aims to democratize capital, particularly benefiting local communities.

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The inauguration of Xochi materializes a vision of infrastructure with purpose, conceived to generate opportunities and create shared value for the communities. We are confident that this project will contribute to the sustainable development of the region and the well-being of the people who inhabit it.

Richard Aitkenhead, President and Founder of IDC, highlighted that the inauguration of Xochi embodies a "purpose-driven infrastructure vision" designed to create opportunities and shared value. He expressed confidence in the project's contribution to the region's sustainable development and the well-being of its inhabitants.

The initiative underscores Guatemala's capacity to mobilize national and international capital for high-impact, sustainable projects. Luis Lara, CEO of Corporación Bi, noted that Banco Industrial's involvement strengthened the project's financial structure, aligning with a strategy to foster economic growth and community welfare. He emphasized that Corporación Bi aims to support initiatives that transcend mere financing to become development platforms, enhancing Guatemala's competitiveness and creating opportunities across its regions.

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These types of projects contribute 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.