The goal of Martinelli’s government is to build 8,000 homes for social benefit between $18,000 and $30,000, with support from the private sector.
According to Laestrella.com.pa, the Housing Minister, Carlos Dubgy, without giving more details, said, “we are looking to stimulate construction of homes between $18,000 and $30,000, through the use of bonds which will be issued to the builders in order for them to reduce the prices of the homes, which have gone up in recent years due to the rising cost of construction materials.”
Right now, the ministry is creating the project, and hopes that it will be submitted to the Cabinet Council for review within 30 days.
The difficult job of overcoming the economic crisis will have a very eclectic guide who will combine big state projects with the drive of private enterprises.
The economic maneuvering announced in new Ricardo Martinelli’s inaugural address, will have four main axes: The construction of the Metro and the completion of big public works projects that are already underway, along with the maintenance of the momentum of the construction industry after completing the expansion of the Canal. A social policy that includes the use of subsidies for the construction of housing projects. A Ministry has been created for the promotion of small and medium sized businesses. Finally, opening the Panamanian economy to more international trade through more free trade agreements.
Free parking in Panama and heavy trains running through the streets of the capital of Costa Rica, are examples of some of the strange decisions taken by their governments.
While the rest of the world discourages the use of private cars as a means of transportation, increasing the costs of their use by setting, among other methods, high costs for parking in urban areas, in Panama, whose capital city suffers like any other city from the growing problems of congestion on the roads, the National Assembly recently passed a law that mandates free parking in "commercial parking lots of any kind or public offices where purchases are made, goods acquired or any services received. "
The State will invest $12 billion during the five years of the Martinelli administration, 7% of the expected GDP.
In US Dollars, the projected public investment will triple the amount of the previous government, which invested 4.5% of the gross domestic product.
Martinelli aims for the state to replace the private sector as the economic engine of the country through investment in infrastructure, at times when the crisis has lowered employment and foreign direct investment.
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