A feasibility study ordered by the Municipality of Guatemala found that it is feasible to install an urban transport cable car system, which will be called AeroMetro.
Although there is still no certainty about the final cost, a representative of the Municipality of Guatemala, Carlos Sandoval, told Prensalibre.com that " 'Everything points to it being an investment using public capital from the municipality and money from private companies. A public-private partnership.´"
The Mayoral office has started preliminary studies for building two ring roads in the north and east of the city, though the a cost estimate or financing methods are not yet known.
The Department of Works at the Municipality of Guatemala has announced that soil studies and geographical studies are being carried out, using topographical methods to determine the feasibility of creating a ring road in the north of the city and another in the east.
One million square meters are awaiting construction permits in a country where 13 institutions have to be visited in order to collect a license.
For the Municipality of Guatemala to give out a building permit, the applicant must obtain approval from the Ministries of Environment, Culture and Sports, the General Property Registry, the Directorate General of Civil Aviation, the National Forestry Institute, the National Coordinator for Disaster Reduction, the Office for Territorial Control and the district capital departments of Works, Historic Center, Environment and Land and from the Empagua.
The increase of 13 % compared to 2012 is mainly due to changes in international prices of construction materials.
In the capital city the cost of construction of an apartment building is about $1267 per sqm, while in the metropolitan area and its surroundings the cost is $1,169 per sqm." In relation to 2012 , the increase is 13 %, because in that year, what was paid in the city was $1,112 and $1,042 in the surrounding area", reported Prensalibre.com.
One of the projects which aroused the most interest from foreign investors in the recent Investment Summit has drawn criticism over its design and planning.
The small amount of urban development and the broken terrain in the area of Zone 25 where the Municipality of Guatemala plans to build an international airport have raised questions in the real estate sector.
Recommendations have been made to Guatemala to update and modify the legal framework for state contracts and disclosure on public works, something that is not done officially.
These recommendations were made in the third report on transparency in the Construction Sector by the World Bank (Cost). The study notes that there is opacity in the delivery of information about buildings, as there was a reduction from 65% to 54% in key information on 17 projects covered by the research conducted in 2011.
Banrural and the German Bank for Development and Investment have granted a loan to Servicios para Centrales S.A. to finish building the bus transfer terminal CentraNorte in Guatemala.
The Rural Development Bank (Banrural) and the German Bank for Development and Investment (DEG, by its German acronym), have agreed to pay $40 million to the company Servicios para Centrales S.A., to complete construction of the bus transfer terminal CentraNorte, reported Elperiodico.com.gt.
Starting today the accord regulating construction types and use of the ground in the Municipality of Guatemala will come into effect.
According to elperiodico.com.gt, "Accord 30-08, published in the Government daily on 30 December, has 135 articles and one chapter with the regulations establishing the requirements that establishments that are open to the public must meet, such as bars, churches, discotheques, or the sale of alcoholic drinks, etc."
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