El Salvador Awards Less Public Works

In the first quarter of 2009, contract awards for public works declined by 25% when compared to the same period in 2008.

Friday, April 17, 2009

According to the Salvadoran Construction Industry Chamber (CASALCO) in an article published in Elsalvador.com, of the total investment planned for the first quarter of the year, only 37% of the projects were awarded, a figure lower than last year when 63% of the work was awarded for the first three months of the year.

This decrease in public investment “has resulted in a loss of 22% of the jobs in this sector just in January."

The article in Elsalvador.com contained statements by CASALCO directors and the Association of Engineers and Architects (ASIA) on the various factors contributing to the decrease in the award of contracts.

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