PANAMA CITY, Panama (AP) -- Central American leaders
Wednesday inaugurated a US$320 (euro250) million regional
electricity project that would build 1,830 kilometers of
lines from Panama to Guatemala.
The project will be the focus of this regional summit in
Panama, where presidents from six Central American nations
and Mexico are meeting. Panama's Foreign Relations Ministry
said in a news release that the lines would be built by
2008 and would guarantee Central America's electric energy.
The project already has secured funds from the
InterAmerican Development Bank and the Central American
Bank of Economic Integration, the Foreign Ministry said.
Leaders also are expected to discuss the site for a US$6.5
billion multinational oil refinery.
Officials are weighing two proposed Pacific coast sites:
Puerto Quetzal in Guatemala and Puerto Armuelles in Panama.