Construction of the "Q" Towers suspended in El Salvador.
Construction scheduled to begin in the second quarter of this year was suspended until 2009.
Tuesday, November 11, 2008
Jose Angel Quiros, Project Manager, stated that everything was ready for start up, but as a consequence of the difficult world situation, financial organisms, who had approved the construction funds, started to impose more restrictions on disbursements. "That was the first warning", he stressed.
El Salvador real-estate developer Grupo Q Inmobiliaria is to invest US$25 in a luxury apartment complex in San Salvador that will employ 600 people during construction.
The project, which will include an 18-hole golf course and club house, will begin to be built in November to the south of the capital.
The development of the El Encanto Villas & Golf project, which includes residential lots, apartments, golf course and a country club, has become paralyzed.
The Salvadoran company has three new projects in El Salvador, where it will build housing and divide entire areas into lots.
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