The Costa Rican companies MECO and Productos de Concreto have formed an alliance with the Nicaraguan Lacayo Fiallos to create the construction company Concrenic, which has already started operations in Nicaragua.
With a joint investment of $5 million, the company Concrenic has announced the start of operations in Nicaragua, where it will specialize in the construction of pipes, pavers, blocks, poles and tiles, among other products.
A proposal has been made for the extension of the route to Ciudad Pedro de Alvarado, valued at $280 million and abandoned by the original contractor, to be divided into sections and assigned to local construction companies.
The construction company Sigma, whose legal representative is involved in the State Cooption case has desisted from continuing the work of expanding to four lanes the route to Ciudad Pedro de Alvarado, for which it had been allocated $280 million from a CABEI loan.
Plans are being drawn up to build a high rise residential condominium with 75 apartments on 10 stories in Escazu, San Jose.
The report data "Construction Projects in Central America",prepared by the Business Intelligence unit at CentralAmericaData.com, indicates that the developer 3-101-638198 S.A. presented an Environmental Impact Assessment (EIA) study at the end of April 2016 to build and operate the project.
In the first two months of the year the total amount of loans granted to build houses fell by 85% compared to the same period in 2015.
Data from the Salvadoran Chamber of Construction (Casalco) indicates that out of the total credit extended by the banking system to productive sectors in the country, only 1% was for construction loans.
Within the the framework of the International Meeting on Construction and Equipment to be held from July 19 to 22, meetings will be held to explore business opportunities between companies.
The International Meeting on ConstructionMachinery is being organized by the Chamber of Construction in Costa Rica and will bring together companies linked to the construction sector, from earthwork to industrial finishes. The fair will be held at the Pedregal Events Center in La Asunción de Belén, Heredia.
A contract has been signed for the start of works on the International Airport in Palmerola, Comayagua, so that operations can start in 2018.
Following the signing of the official contract, construction of the new International Airport in Palmerola, in the department of Comayagua, will begin in May, for operations to start in 2018. This was announced by the Spanish concessionaire EMCO Corporation. The total investment is $163 million, of which the Kingdom of Spain will provide $53 million as part of a debt restructuring program with Honduras; $87 million will be private investment and the Honduran State will contribute $23 million.
Estimations are of an increase of 10.5% for 2016 and 14% for 2017, after a 7% increase was registered in 2015, compared to the previous year.
In January 2016 alone, the number of new buildings in the main districts of the country amounted to 448, "... with a value of around 161 million Balboas, with a positive impact in the districts of Panama, San Miguelito, La Chorrera and Arraijan, where 85% of all buildings are concentrated. "
The Attorney General has requested investigating whether there were cost overruns in the works in the country awarded to the construction firm which is accused of corruption by the Brazilian justice system.
The Attorney General's Office has asked the Comptroller General of the Republic of Panama for an audit of the prime contractor for the Panamanian government, Odebrecht, in order to know "in detail" about the contracts awarded to the Brazilian construction firm, where the works amount to $9, billion, reported Prensa.com . The prosecutor Rigoberto Gonzalez intends to audit both the works already delivered and those which are still running.
The Panama Canal Authority will be making changes to the composition of consortia in tenders for construction works in order to prevent millions in losses because of claims made by subcontractors.
Conflicts between contracted parties who design and those who carrying out the works, and the lack of clarity in the responsibilities of each of the companies during the Panama Canal expansion motivated the adjustments to be made to future tender specifications.
More control of projects, regulation of the use of sidewalks, and fines up to $100,000, are part of the newly approved regulations relating to construction works in Panama City.
In late December the Municipal Council approved agreement No. 193, which replaces that of 1996 and now regulates the process of reviewing the documents which must be submitted when applying for building permits in Panama City.