This year the state run water company plans to invest $200 million on drinking water systems, several sewage works, and the renovation of existing production plants.
The Costa Rican Institute of Aqueducts and Sewers (AyA) will allocate $202 million, 56% of which will come from its own resources, 16% from state transfers and 28% from cooperation grants and foreign loans.
Companies that carry out construction work for the government will have to set up CCTVs in order to monitor projects in real time.
The rule applies from this year for all projects worth more than $116,000, and contractors must publish the IP address on the public procurement website, Guatecompras.
Luis Catalan, Undersecretary of Public Investment, told Elperiodico.com.gt that in addition"... for this year georeferencing is mandatory for all projects, which according to the classification of the Ministry of Finance, are considered fixed capital."
A loan of up to $150 million approved by the Development Bank of Latin America will be used for the construction of a Higher Technical Institute in the East.
The $180.7 million contract to design and build the Higher Technical Institute in the East (ITSE) was awarded to Consorcio ITSE, comprised of Constructora MECO and Edificadora Centroamericana Rapiparedes in July this year.
The private sector proposal includes building a new port in the Caribbean and improving existing ones, reviewing electricity tariffs, and creating a special tourist area in San Juan del Sur and Tola.
The private union has submitted a proposal for development in 2020 that focuses on five areas: financing; infrastructure and services; public management and facilitation; education system and human capital; and innovation in business management.
The OECD has warned that "underinvestment" in infrastructure is a critical element that inhibits the country's ability to trade.
An analysis of the degree of market opening by the Organisation for Economic Co-operation and Development (OECD), showed positive and negative results, with the most noteworthy among the favorable being an annual increase of 9% in the volume of exports of goods between 1994 and 2013 and a reduction in tariffs and negotiation of free trade agreements.
The government has authorized Consorcio Industrial de las Américas to build a free zone in Pacora, in which 250 manufacturing companies, logistics services, high technology companies, assemblers, and companies from other sectors will set up.
The company Consorcio Industrial de las Américas, S.A. (COINLA) plans an investment of $230 million, starting with $50 million for the initial phase of infrastructure and $180 million in future investment.
A proposal has been made to extend for two years tax benefits for private investment developed in the area of the Casco Antiguo de San Felipe, in Panama City.
The draft aims to extend the conditions afforded by Law 136 of 2013, because, as discussed in the preamble of the document,"... the timeframe of two years has been insufficient for many owners and investors, and having expired on January 17, 2016, a situation that has created where there is a gap in terms of benefits, hurting the approval of loans and bank financing and tax exemptions and benefits for the National Directorate of Revenue with the consequent loss of the exemptions set forth in this regulation".
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