From Friday 26th to Monday 29th the bidding will begin on a 1,068 residential apartment project in Santa Lucia and one of 416 units in Procavi. The first is valued at $ 16 million and the second at $ 7 million.
By the end of September and the start of October, there will be three bidding processes for the construction of 2.200 units of social housing.
Bidding for the first 500 unit housing project, to be located in San Miguel, will be done in the second half of September. In October, the process will start for the other two projects, one for 1.500 residences in San Martín, and the other for 300 homes in "Polígono Don Bosco".
An IDB loan will support a program of housing and neighborhood improvement, focusing on low-income families.
A press release from Inter-American Development Bank (IDB) reads:
the Initiative will focus on low-income families and progressive construction
The Inter-American Development Bank (IDB) announced the approval of U.S.$20 million in funding for Nicaragua to support a program of housing and neighborhood improvement focusing on low-income families.
The National Assembly has approved two loans from international organizations for financing affordable housing and expanding the electricity grid in rural areas.
$20 million from the Inter-American Development Bank (IDB) and $75 million from the Central American Bank for Economic Integration (BCIE) are to be used for the construction of new homes and for expanding the electricity grid in rural areas.
El Salvador now has the funds for the construction of 23,761 homes in the poorest areas during the next 18 months.
The total budgeted amount for the construction of 25,000 units of El Salvador’s social housing program is $87.1 million, of which, $81 million is already committed by the Central Government, international organizations like the Inter-American Development Bank (BID, acronym in Spanish) and the Central American Integration Bank, among others. The government still must obtain $6.2 million.
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