The price indices of the main building materials recorded declines of between 1% and 7% depending on the type of material.
From a statement issued by the Comptroller General of the Republic:
Price Indices for Retail of Major Building Materials (IPMC by its initials in Spanish), available in the districts of Panama and San Miguelito, compiled in December 2016, showed the following behaviors:
The Chamber of Commerce, Industries and Agriculture has decided to expel the Brazilian construction company from the union, after the payment of bribes was revealed in several countries, including Panama.
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.
The Panamanian government has decided to cancel the project to build a park in San Francisco, Panama City, after several civic groups opposed the move.
In the resolution published on 16 January by the Ministry of the Presidency, notice of cancellation was given for the tender which consisted of the design, construction and equipment of Recreational Park Omar, in the district of San Francisco, Panama.
The consortium formed by Odebrecht and FCC Construction is negotiating with international banks to redefine the funding structure for the project, valued at $2 billion.
Since the start of the revelations of the corruption scandal in which the Brazilian construction company Odebrecht was involved, doubts have arisen about how this could affect financing of the construction project for Line 2 of the Panamanian Metro, whosecontract was awarded in June 2015under the turnkey format.
The accumulated variation between January and December in the price indices of buildings and social housing was -0.78% and -1.03% respectively.
From a statement issued by the INEC:
Price indices based construction in February 2012 are a set of twenty statistical indicators, which measure the change in prices of materials used in the construction of different kinds of works.They are composed of the buildings price index, the social housing price index, and a group of nineteen price indices for raw materials and special services.In December 2016, the changes in each of these price indices were:
The Environmental Impact Assessment (EIA) study, which was submitted to the Ministry of Environment on October 21, 2016, specifies that "... for the purpose of drainage systems, the suggestion is to separate wastewater collections into two wastewater treatment plants (WWTP), the WWTP 'Arraiján Este' which will collect drainage from systems in the northern part of Arraijan, (Burunga, Perico river, Cáceres river, Potrero river) and the second WWTP -Caimito- will collect most of the drainage systems from the Chorrera and the rest of Arraiján."
The National Electrification Institute plans to invest $27 million in strengthening generation and electricity transmission systems and improving coverage in five departments.
The goal of the National Electrification Institute (INDE) is to use its own resources of about $2.5 million to improve coverage in the departments of Alta Verapaz, Baja Verapaz, Huehuetenango, Izabal and San Marcos.Electricity distribution networks will be built to expand coverage in 26 communities.
I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction. Wanted partner for financing and/ or construction in the...
Live at the beach in the exclusive Punta Leona Resort, a dream with shaded white sand beach, pools, restaurants, wild life. New affordable, energy efficient home. The house - possibly the only energy efficient green...