Sand: Good Business
The price of a yard of sand in Panama has grown 82% in the last 2 years, from $11 to $20.
Wednesday, August 5, 2009
Nowadays, there are 30 underwater sand concessions and 13 continental ones in Panama. Municipalities charge concessionaires $0.30-$0.40 per cubic yard of sand, while builders pay $20, and even more, for using the same yard in their projects.
In Panama cement prices increased between 11 and 12% from the first of January, and other materials are also rising.
Materials and other inputs saw rises of 25 percent in 2011, with a quintal of iron having the highest price increase.
Cement in Costa Rica is twice as expensive as the U.S. and general building materials cost 1.5 times more than in the U.S. and Europe.
Between March 2013 and March 2014 the price of materials such as cement and bricks increased by 6.7% and 4.1%, respectively.
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