The construction project planned in Limon, Costa Rica, is a mixed development that will include a four-star hotel, condos and commercial spaces.
The report "Construction Projects in Central America",prepared by the Business Intelligence Unit at CentralAmericaData.com, indicates that the developer Tangara Development Group S.A. submitted an Environmental Impact Assessment (EIA) study in July 2016 to build and operate the project called "Tangara Village Limón".
Lack of control of unofficial businesses that are setting up on the coasts is preventing further development in areas with high tourism potential such as San Juan del Sur.
The business community argues that the Law for the Development of Coastal and Environmental Conservation is not being complied with, as unofficial businesses such as restaurants and hotels are being allowed to set upon the coasts.
The union of private companies is preparing a plan for promoting tourism development in San Juan del Sur and Tola, where more than $130 million has already been invested.
The area of San Juan del Sur and Tola, Rivas, has all the characteristics needed to become a tourist destination, but basic infrastructure in the area needs to be improved along with conditions to attract more foreign investment.
Roadworks, a free zone, a high rise residential condominium and a private school are some of the projects for which environmental impact studies were presented in April 2016.
The report "Construction projects in Costa Rica in April 2016", prepared by the Business Intelligence unit at CentralAmericaData.com, provides an updated list of major construction projects for which environmental impact studies (EIS) were presented to the National Environmental Technical Secretariat (SETENA) in April.
The adaptations for tourist use at the port of Puerto El Triunfo and construction of an ecotourism park are some of the projects which will be developed with IDB funds.
The Ministry of Tourism in El Salvador has signed an agreement with the Inter - American Development Bank to allocate part of the $25 million loan formalized in 2015 to improving tourism infrastructure in the municipalities of Usulutan, Puerto El Triunfo, Berlin, Alegria, Jiquilisco and San Dionisio.
An Environmental Impact Study has been presented for the construction in Guanacaste, Costa Rica, of a residential, touristic and commercial resort called Cabo Velas which is estimated at $746 million.
The Environmental Impact Assessment (EIA) submitted to the National Environmental Technical Secretariat in November 2015 by Amanda Tierra SA, indicates that development called "project for residential, tourist and commercial development, Cabo Velas", and will be located in the Tempate district in Santa Cruz, Province of Guanacaste.
A plan is being made to develop residential buildings and a 614 room hotel complex in a 25 acres area in the touristic area of Rio Hato, Panama.
The promoter of the project, Agro Playa Blanca SA, detailed in the Environmental Impact Assessment (EIA) submitted to the Ministry of Environment, that the development will be called "Agro Playa Blanca Phase II", and will be built in Rio Hato, district of Antón, province of Cocle.
In the first half of the year 1.4 million tourists visted the country, only 1.7% more than in the same period in 2014.
From a statement issued by the Costa Rican Tourism Institute (ICT):
In the first six months of the year, our country received 1,415,046 international arrivals; that is, more than 23,429 tourists entered through all ports, according to data provided by the Directorate General of Immigration (DGME) and analyzed by the Costa Rican Tourism Institute (ICT).
Employers claim that at least six projects have been delayed pending analysis by the Board of Tourism Incentives, which has not been in session since the departure of its president two months ago.
There are at least six investment projects in the tourism sector that should have been analyzed by the Board of TourismIncentives, which, drowning in bureaucracy, is unable to hold sesion because a new president has not been formally chosen.
Tourism investments above $25000 and categorized as of national interest will be able to enjoy tax incentives for another five years.
"... They shall be entitled to the following incentives: exemption from taxes on real estate transfer, exemption from customs duties on the import of their goods, exemption from payment of income tax for a period of ten years and partial exclusion of municipal duties imposed for the period of 5 years from the start of operations relating to tourism activities for up to 50% of its value. "
Investments include an airfield in Tola, residences in Sardina beach and modernization work in the ports of San Jorge and San Juan del Sur.
Investments totaling $43 million, are distributed with $20 million for the residential project in beach Sardina, $12 million for the airport in Costa Esmeralda, $8 million to modernize the port San Jorge and San Juan, with the remaining funds being used in other related works.
A law will bring benefits for a few, paid by all, discriminating against other companies in the sector, a situation which is inequitable and distorts the rules of the market and free competition.
In Costa Rica a bill to help tourism businesses affected by the 2008 crisis would forgive the interest on their debts with state banks, which, if approved, would be totally unfair for companies who have managed their situation better, getting over the crisis and are now up to date with their loan payments.
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