The Path to Development
Make the geographical position of Guatemala a mean for the benefit of all Guatemalans.
Promote infrastructure develpment to connect major global markets through transport and logistics services
The States of the Isthmus from Panama to Guatemala, perhaps form an association. This magnificent location between the two great oceans over time may be the emporium of the universe; its channels will shorten the distances of the world.” - Simon Bolívar, 1815.
Sistema Interoceanic de Guatemala S.A. (SIGSA) is the company owner of the Interoceanic Corridor of Guatemala, which brings together as shareholders over 200 entrepreneurs, 9,200 landowners, 6 rural communities, 2 indigenous communities, and 10 Associations of Municipalities representing 63 municipal governements. SIGSA will be the owner of the Interoceanic Estate and its rights of use.
We generate added value for Guatemala, Central America and its people through the lease of the interoceanic estate for the development of logistics and services activities that connect global market.
The interoceanic estate is a strip of land 72 Km long and 140 meters wide that crosses Eastern Guatemala from coast to coast, integrating more than 20,391 hectares for the development of different economic activities. The same is a strategic asset to Guatemala and Central America in terms of being an engine for regional development.
Our management team and our partners and associates include people with a strong vision and commitment to regional development, integrating experience and skills in various disciplines.
The Interoceanic Corridor of Guatemala is proposed as a new route and trading platform in Central America to cover the Pacific - Atlantic commercial exchange, complementary to the Panama Canal and the United States Land bridge. Guatemala's proximity to large markets is potentially strategic to turn the Interoceanic Corridor into a logistics platform in Central America to serve international trade.
The Interoceanic Estate acquisition process has been one of the greatest challenges that have arisen over the life of the Interoceanic Corridor of Guatemala. This process has involved social, political (municipal), legal, and technical activities. Through the project management, working by hand with the local communities, have enabled the consolidation of a social and political platform one-of-a-kind in the world.
ODEPAL retains feasibility studies along with ILI and ALATEC, both Spanish firms based in Barcelona, in order to determine the feasibility of the business of interoceanic transshipment of goods, as well as the technical specifications needed for its development and exploitation. These studies conclude with positive results for which ODEPAL goes to the next stage which is the structuring of the Interoceanic Estate.
We proceeded to socialize with the owners of 3,743 plots of land that make up the plot of the Interoceanic Estate, and with community leaders and members of municipalities, the visions of the Project, its purpose and benefits this Project could potentially mean for Guatemala and the population in general. The objective of this state was to gain the support of local communities and socialize the intent to make the project a reality through the sale of their lands at a fair price. At the same time information on plots and land owners was collected.
At this stage various agreements were entered into with municipalities (58) and local associations (10) in order to secure the support of local municipal leaders and provide participation in the Project to these same institutions with the understanding that the geographic position of Guatemala belongs to all Guatemalans.
ODEPAL looks after defining the first plot of the interoceanic estate for which proceeds to form 27 teams of scouts. Each group is assigned the task of geo-referencing using GPS about 12 km of line, marking points every 250 meters. At the same time, through ASOREMA, an environmental organization, and OGAM, municipal environmental management offices, plot corrections are made to minimize environmental impact.
ODEPAL starts the process of negotiating the sale of 3,743 properties of the interoceanic strip, mobilizing a team of negotiators to every community in the area. With this process, a fair value of mutual agreement is made to the value of the land at market prices, infrastructure/crops and a Premium with the intention to sell its property as shareholder through 5% of participation to all owners together. About 17,000 negotiating meetings are documented and a document of intention of future sale by landowners is signed.
A topographic and cadastral survey is conducted at 1:20,000 scale to prepare the first designs of the infrastructure to be implemented. This study provides a characterization of all properties in terms of its geology in addition to its measures, coordinates, and boundaries. At the same time, we have structured files with complete information for each property and its owner, integrating data such as: full name, ID, photo, property registration, cadastral property data, maps, GPS coordinates, title, etc. among several others.
A legal verification of all owner / plot records was carried out during the first months of 2013 by a group of 40 law students from the east of the country. The purpose of this process was to provide legal certainty to the records created, and create a reliable and structured database with all relevant information. Each record is signed and approved by the owner of the plot, the negotiator, the surveyor engineer, notary, a municipal delegate, and a representative of ODEPAL.
A socialization with landowners started in November 2013, on a model of land contribution and future payment by bill of sale in order to reduce the investment risk in the process of land acquisition. A majority of the owners agreed, and 22 committees of owners were organized representing different communities along the interoceanic estate, each committee is formed by a board of directors and a president or representative unanimously elected by the same owners of each community.
From the first contribution model, in early 2015 ODEPAL outlines a new land contribution model where all landowners contribute their land against delivery of preferred shares of SIGSA, which shall earn two payments for 50% of the value of their land each in two different times. This model is socialized again with owner’s partners, and is accepted by the trust and credibility of the Project.
Direct capital injection to landowners at fair market value. A total of $500 million (USD).
Distribution of 11% profits in perpetuity to 10 associations of partner municipalities, representing 58 municipalities in the East.
Distribution of 5% of profits in perpetuity to 3,743 families owning land.
Generation of around 5,000 direct Jobs for construction and operation of transport systems, and about 20,000 indirect jobs.
Increased levels of regional and global trade competitiveness, and boosting the economy.
Increase in foreign investment rates for the development of initiatives in various productive sectors and industries.
Influence of economic and commercial integration of Central America as a competitive block against the developed economies of the world.
Contribution to the strengthening of a culture of socially and environmentally responsible business, with a vision of widespread regional development.
“We wish to make Guatemala a link in the global chain of logistics, having it serve the large global markets while making a positive impact in the region through an alternative development model.”
“By inclusively and generally increasing job and career opportunities, we wish to make an impact in the country and the immigration towards the United States of America.”
“The mayors’ vision towards development goes far beyond any political and personal interests.”
“I believe in this project because of the benefits and sources of employment it will bring to our communities, and because of the opportunity to be partners and therefore have our future generations inherit something of great value.”