Supermercados La Colonia has announced it will invest $27 million in opening five new stores in the second half of the year, totaling 12 thousand square meters of sales floor.
The company founded on Honduran capital has announced that with the five new stores the total stores it will have nationwide will rise to 35.
It has been announced that a corporate complex will be built as part of the Tuscania, a development project on the road to Puerto La Libertad, in the city of Zaragoza.
The office building is designed to complement the residential and commercial project now operating in the complex of Tuscania, which will require a total investment of $66 million. Elsalvador.com reports that "...
The project Parque Industrial del Caribe in Costa Rica, includes the construction of an industrial free zone measuring 41,000 m2, an 8,300 m2 office center and an 11 000 m2 shopping center, as well as Ofibodegas and a hotel.
The companies behind the project announced plans to begin construction of the Caribbean Industrial Park (PIC by its initials in Spanish) in the first quarter of 2016.
Port of Singapore Authority plans to invest $400 million in its container terminal in Rodman, to increase capacity by two million TEU's and accommodate vessels carrying up to 24 rows of containers.
The construction of two additional docks and installation of eight gantry cranes is expected to allow for "... accommodating vessels with up to 24 rows of containers." With this project the aim is to expand port capacity at the Pacific entrance to the Canal.
It has been announced that in October a 11 thousand square meter mall will open in the east of the capital containing 30 shops and 26 other spaces for medical offices.
The new shopping center called Cronos Plaza is being constructed in Pinares in Curridabat and is expected to be opened to the public in April 2016. Company representatives said they have already negotiated 70% of retail and medical spaces available.
A free zone, two hotel developments and a condominium estimated at $185 million and $30 million are part of the works that private entrepreneurs have planned for the province of Limon, in Costa Rica.
With the announcement of the construction of the container terminal at Moin and the extension of Route 32, investors have glimpsed investment and business opportunities in the province, which foresees strong economic development in the coming years.
Seven new establishments with high quality personalized service will add 291 rooms to the hotel inventory with its opening in tourist areas and in the capital.
There are currently 45 boutique hotels and the arrival of another seven is expected soon, some of which are already under construction and others are awaiting the appropriate permissions to operate.
Construction has begun of a shopping center measuring 2 thousand square meters and containing 146 stores, located in the west of the capital, with an investment of $50 million.
The company Spectrum, in charge of developing the project, estimated that the Naranjo Mall shopping center will be ready in December 2015. This mall will be 27 thousand square meters of retail space and 1,600 parking spaces.
In the absence of concrete actions by the state, companies in the province of Limón have announced that they will promote economic development in the area using foreign investment.
In order to generate more projects to develop economic activity in the province of Limón, employers in the area are calling for foreign investors who have an affinity with the region.
The maquila industry and the Honduran government have agreed on an innovative formula that enables funding of $90 million to be used to install a fifth turbine at El Cajon dam.
The government and industry have agreed to work together in favor of the economy. With an investment of $90 million for the maquila industry a fifth turbine will start operating at El Cajon dam, which will increase its generation capacity by 75MW.
In a period of 20 years, plans are to build a port in the Caribbean, improve roads in productive sectors and organize public transport.
The International Cooperation Agency of Japan (JICA) and the Nicaraguan government have presented a study on the National Transport Plan of Nicaragua. In a period of 20 years, the plan is to build a port in the Caribbean, improve roads in the productive sectors and organize public transport, all at a cost of $8 billion.
Marina Vista Mar Group is to invest $6.5 million in the construction of a marina in La Ensenada de San Carlos with 150 berths.
From a statement by the Cabinet of the Government of Panama :
"The Cabinet Council has approved a Cabinet Resolution which gives a favorable ruling on holding a Concession Agreement between THE STATE, through the Panama Maritime Authority (AMP) and the company MARINA VISTA MAR GROUP, S.A., which will invest 6.5 million dollars in it.
The infrastructure and road network built with funding from the Millennium Challenge Corporation should be the focus of new development projects in the area.
An article in ElSalvador.com reports that Jose Angel Quiros, former executive director of Fomilenio, said "I have no information on new projects in the north, but without a doubt thought must be given to how to maximize that infrastructure and road network for the country's productive sectors ... the region's strategic programs north of the country, carried out with the first funds from the Millennium Challenge Corporation (MCC) between 2009 and 2012, must be diversified and enhanced with new works. "
The complicated Honduran political and institutional climate is creating confusion about the role of the Commission for the Promotion of Public-Private Partnerships.
In an article in Laprensa.hn, Jose Antonio Pineda, president commissioner of the Commission for the Promotion of Public-Private Partnerships (Coalianza), when asked if "Coalianza, concessions, sells or privatizes?", responded that "we do not really do privatization because it involves transfer of assets or property of the State to private companies. We do not do that. Assets such as ports, roads, and airports always belong to the State. We form a public-private partnership (PPP) contract, where a private company invests capital in institutions, as these do not have capacity to invest themselves. It allows the investor to manage it for a period of time in order to be able to recover their investment. "