Bids Invited For Housing Project in El Salvador
The Housing Fund ('Fondo de Vivienda'), invited bids for the construction of 503 social housing units in project 'Nuevo Belén'.
Tuesday, September 22, 2009
Marco Fortín, president of FONAVIPO, the National Social Housing Fund, explained they will receive bids through the month of October, with the winner being announced 15 days later.
The Housing Fund (FONAVIPO) will invest $2.3 million in building 192 apartments for those affected by tropical storm Ida.
The National Housing Fund began the bidding process, earmarking $3 million for it.
Development companies expect the Government to allocate $ 40 million for the construction of social housing by mid-year.
The resources of the Inter-American Development Bank will go towards the construction of social housing.
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