Builders Paralyze Works Because of Nonpayment

The debt held by the State of Honduras with construction companies exceeds $ 100 million.

Tuesday, February 5, 2013

Honduran construction unions are demanding that the State pay out the more than $100 million that they are owed.

Yesterday at meetings in Tegucigalpa and San Pedro Sula, builders affiliated to the Honduran Chamber of the Construction Industry (Chico), the Honduran Chamber of Consultants and the Association of Civil Engineers of Honduras decided to withdraw from 125 public construction projects, reported Laprensa.hn.

Among other pressures, union members plan to demonstrate peacefully by means of a procession of heavy machinery going through the main streets of the city together with a peaceful march in front of the Government House.

The construction unions also stated that they will not take part in any tender processes either.

More on this topic

Guatemalan Roadworks Suspended Over Non-Payment

February 2013

The company TOPSA has pointed to the non payment of $4.7 million by the government as the reason for the suspension of works on extending the route between San Martin Jilotepeque in Chimaltenango, and Joyabaj in Quiché.

The suspension order received by TOPSA came from the company Consultora y Constructora Bea, S.A. which was hired to oversee the project for the Road Maintenance Unit (Covial) of the Ministry of Communications.

Honduras: Ultimatum from Construction Sector

January 2013

If the Honduran government does not pay within 15 days, the $35 million debt it has with the construction industry, all construction in state institutions will be halted.

The boards of the Honduran Chamber of the Construction Industry (Chico), the College of Civil Engineers of Honduras (CICH) and the Honduran Chamber of Consulting Firms (CHEC) met to ratify the measures taken in the absence of payment from the government, according to information on Elheraldo.hn.

Guatemala: Breaks Put On $432 million Bond Issue

November 2012

Doubts on the legitimacy of government debts to banks and construction companies, which would be paid with the tax revenues, have prompted the president's decision.

The Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (CACIF) expressed its concerns to President Pérez Molina.

Guatemala Owes $445 million to Real Estate Developers

June 2012

This debt has dragged on for two governments, and now the Minister of Finance Pavel Centeno has promised to pay it off.

An article in Elperiodico.com reports that "Jose Luis Aguero, president of the Chamber, said that will grant the executive a little more time, while Perez said that he will talk to the Finance Minister Pavel Centeno about the mechanism for paying the debt. "

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