El Salvador: Construction Could Recover in 2018

Construction entrepreneurs estimate that the execution of around 160 projects could generate 3% growth this year.

Thursday, January 18, 2018

In 2014 and 2015 statistics produced by the builders' association registered drops of 11% and 2% respectively, but this year the situation could change, as they foresee that the execution of 160 public and private projects will generate a growth of up to 3% in activity.

See "Central America: What will be built in 2018?"

Regarding the political situation in 2018, the president of the Salvadoran Chamber of Construction, Ángel Díaz, told Elsalvador.com that " ... the elections for mayors and deputies will not have a negative affect."

In that same sense he assured that " ... 'The economic dynamics of the country can not stop, we can not afford to stop and we do not perceive that elections will have an influence in a negative way'. "

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More on this topic

Builders Project Investments for $1.4 billion

March 2018

The Salvadoran union for the sector foresees that investments in construction between 2018 and 2019 will add up to $1.4 billion, driven mainly by the execution of several public projects.

The Salvadoran Chamber of the Construction Industry (Casalco) reported that with the investment estimated for this and next year, it is expected that about 136 thousand jobs will be created. 

El Salvador: Building Permits Unblocked

February 2017

The government has granted permits for access to drinking water which were needed by 147 construction projects valued at $1.2 billion, which are expected to be developed over the next three years.

The drinking water feasibility studies which have been finally delivered make up some of the paperwork which has held up for several months, leading to complaints from entrepreneurs who put pressure on the government to expedite these formalities.

Honduras: Construction Could Increase 6% in 2017

January 2017

Private companies expect that in the course of the year $170 million will be invested in construction of social housing and $220 million in private residential projects.

Although the Honduran Chamber of Construction (Chico) estimates that nearly $400 million will be invested for the construction of social and private housing, it is road infrastructure which will, according to the union, have the greatest prominence in 2017.

El Salvador: Construction Stagnates

November 2016

Excessive bureaucracy, which is holding up the execution of new construction projects, generating uncertainty among investors, is added to a delicate fiscal situation.

Estimates are that 110 construction projects have been left "stagnant" this year  because of the slow pace of analyzing and awarding building permits, leaving $600 million not being executed, according to the president of the Salvadoran Chamber of Construction (Casalco), Angel Diaz.

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