70% of Infrastructure Projects in Guatemala Paralyzed

Non-payment by the Road Maintenance Unit has led to a standstill of almost 70% of contracted works.

Friday, January 28, 2011

José González Campos, president of the Guatemalan Association of Construction Contractors adds that they are still working but at a much slower pace.

"The representative of the contractors says that according to his estimates, until December 31st, just COVIAL owed them $ 192 million for regular road maintenance works and the repairs to damage caused by natural disasters," reported Sigloxxi.com.

More on this topic

Guatemala: Irregularities in Public Works Contracts

December 2011

A new report by the initiative CoST Guatemala recommends reforms to the website Guatecompras to force all agencies to publish requirements for public procurement.

A press release from the Initiative CoST reads:

The initiative CoST Guatemala, composed of representatives from government, private sector and civil society, presented the results of their analysis of 13 projects to build public infrastructure in Guatemala.

Pension Fund to Finance Infrastructure

April 2016

Up to $372 million of the state pension scheme could be invested in public infrastructure projects in Costa Rica.

Funding public works using Costa Rica's national savings funds saw a new and positive development in matters relating to the management of resources in the economy.

Construction Companies Complain about Road Infrastructure

December 2011

The Costa Rican construction sector has requested the government clarify and prioritise public infrastructure projects.

The Costa Rican Chamber of Construction has issued a press release representing the following groups:

The National Laboratory of Materials and Structural Models (Lanamme UCR), The Federate School of Engineers and Architects (CFIA), The Union of Chambers of Private Enterprise (UCCAEP), The Costa Rican Chamber of Construction (CCC), The Chamber of Architectural and Engineering Consultants (CCAI) and the Association of Streets and Roads in Costa Rica (ACCCR).

Pension Funds to Finance Public Works

May 2015

In Costa Rica a bill has been put forward which aims to allow cooperatives and private and public pensions funds to invest in public infrastructure.

The bill introduced in the Legislative Assembly "... aims to allow different private and public organizations dedicated to raising money from pension funds, to invest in the construction of public works."

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