The project entails developing a national GIS and associated information technology solutions to improve the licensing approval process for extracting natural resources including oil, gas and minerals, TDA said.
The technical assistance will help the ministry monitor oil, natural gas and mineral resource exploration and development more efficiently; generate modern and more comprehensive data packages better to attract foreign investment; and enable the exchange of essential data between government agencies.
The assistance also will strengthen the ministry's regulatory, oversight and compliance mission as well as ensure that non-competitive practices such as fuel smuggling, energy theft and fuel adulteration are eliminated.
GIS is designed to improve the business climate for domestic and foreign investments in the country's energy and mining sectors as the US and Guatemala wait for the Central America-Dominican Republic Free Trade Agreement (Cafta) to enter into force, the statement said.
Bidding is open only to US companies as TDA is providing technical assistance funds.
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