Chinese Construction Companies Target Central America

Large construction companies in the Asian country are interested in the mega projects that are to be developed in the region, especially in Panama and Costa Rica.

Wednesday, September 19, 2018

At the last Capac Expo Hábitat fair in Panama, more than 20 companies from China showcased their progress and took the opportunity to establish contacts with local public and private investors.

The large companies, some of which already have contracts in the canal country, carry out works such as bridges, railroads, airports, hydroelectric power plants, agroproductive developments, and provide technology services, among other things. 

See "Bridge over the Canal: Chinese contract confirmed"

Fang Qiuche, president of the Association of International Contractors of China (Chinca), explained to Martesfinanciero.com that " ... 'Panama is an important and strategic country and serves as a bridge for the entire continent. We have high expectations that Chinese construction, infrastructure and market research companies can come to the country to develop new businesses and foster joint cooperation.'"

In relation to the interest that Asian companies have in future works, Clark Xia, senior general manager of Engineering of China Railway Group Limited (CREC), said that " ... they are very interested in the railway construction project that will link David, in Chiriquí, with Panama, and they hope to participate [in it] once the viability of the work has been defined after the studies that are being carried out."We want to participate in this project that will bring many economic development opportunities for Panama and the region, and we want to participate with all the capacity and technological knowledge to improve the quality of life for Panamanians.

See also "Construction: Construction: Upcoming Works in Central America"

Xia added that they are also interested in projects such as water sanitation, road construction and future works on the Metro. 

In addition to the works in Panama, Asian companies are in charge of other projects in Costa Rica. One example is the construction firm China Harbor Engineering Company, which is responsible for extending 107 kilometers of the road between the crossing to Rio Frio and downtown Limón.

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Due to the health alert facing Costa Rica, the China Harbor Engineering Company decided to lay off 180 employees working on the Route 32 expansion project, which has already fallen behind on previous occasions.

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