Honduras: Urgent Need to Resume Social Housing Projects
Of 21 social housing projects only eight have been approved with the remaining 13 due to begin the tender process by the end of the year.
Tuesday, August 10, 2010
The Honduran Construction Industry Chamber (CHICO) indicated that there is a need to make changes to the public works department's (Soptravi) bid process in order to make it simpler.
The Central Bank announced the availability of the funds to finance the construction of homes.
A joint housing project between a bank and the Chamber of Construction will be carried out in Tegucigalpa, Honduras.
In 2011, house sales in El Salvador grew by 4%, and the industry is planning new campaigns to encourage home ownership.
Builders in Honduras are demanding a guarantee of payment or a deposit before starting the works agreed in the contracts signed with Fondo Vial and Soptravii.
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