Salvadoran Construction Chamber negotiates $50 million

Ismael Nolasco, general manager of the Chamber, reported that the group is negotiating financing as a alternative fund for the reactivation of the sector.

Friday, December 5, 2008

The representative added that a draft financing project has been made with the International Investment Corporation of the IDB and with the World Bank.

Similarly he commented that both international entities have requested that the housing projects to be carried out should be for social welfare.

More on this topic

Nicaragua: Social Housing

October 2011

The rising costs of materials and the government's refusal to raise the ceiling price on affordable housing could derail the National Housing Plan.

The Government is maintaining its position of not raising the ceiling price of $20 000 to $26,500, saying that would not benefit low income families.

El Salvador: Credit for construction sector denied

January 2009

The IDB and the World Bank denied the loan requested by the Salvadoran Chamber of the Construction Industry for the development of 15 projects.

Elsalvador.com reports: "At the onset of the project, the entity had programed $30 million to start the project. Now the Chamber is once again seeking funds to reactivate the sector.

Honduras: $8 million for Banco de Occidente

December 2008

The funds will be used to finance agriculture, the environment, housing construction and for the municipalities in the country.

The loan, grated by the Central America Bank for Economic Integration (BCIE), was approved from the beginning of this year by Western Bank in order to facilitate the development of the sectors, indicated company president, Jorge Bueso.

Financing for the widening of the Canal will be ready in December

September 2008

Panama Canal Authority (ACP) has proposed having ready all financing necessary for the completion of the construction of the third set of locks by the end of the year.

They are in negotiations with the Inter-American Development Bank, the European Investment Bank and the Japanese Bank for International Cooperation, amongst others.

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