Public Works in 2019: $4 billion Investments Projected

The Varela administration's budget for next year includes $4.032 billion for the City of Health and new polyclinics, Metro Lines 2 and 3, and construction of road works, such as the Santiago-David highway.

Friday, August 17, 2018

The budget presented by the Ministry of Economy and Finance in Panama includes several items for public investment projects, which together amount to just over $4 billion, according to the institution's budget report.

Laestrella.com.pa reports that "... Of this figure, most correspond to projects executed by the Ministry of Public Works (MOP), which accounts for about $1.0194 billion of the total. Following the MOP is the Panama Metro, whose requested share for next year is $582.8 million."

"... The projects coming under the umbrella of the Ministry of the Presidency have a budget of $370.1 million, while for those to be tendered by the Social Security Fund, among which is the City of Health, hospital equipment and construction of new polyclinics, $346.4 million has been requested. The Ministry of Housing and Territorial Planning intends to invest some $333.8 million next year between the Urban Renovation of Colón, Techos de Esperanza, the Solidarity Housing Fund and other projects."

The report adds that for the construction of new hospitals and polyclinics, $320 million has been budgeted.

Are you interested in construction projects in Central America?

Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization.

Request more information about our service:

Name:

Last Name:

Company:

Title:

Phone:

Email:

Comments:

More on this topic

2019 Public Budget to be Discussed

July 2018

The proposal put forward by the Varela administration to the Assembly includes $5.225 billion for investment projects and $2.581 billion for servicing debt.

The Ministry of Economy and Finance reported that "... the proposal includes important public investment works, such as the Panama Metro ($582.8 million), the Fourth Bridge over the Canal ($288.7 million), Roofs of Hope ($163.6 million), Urban Renovation of Colón ($98.4 million), Sanitation of the Bay ($108.2 million), potable water and sewerage projects ($179.1 million), construction of hospitals and polyclinics in Colón, Darién, Veraguas, Chiriquí and Los Santos ($319.5 million), among other things."

Public Investments Planned for 2018

August 2017

The government of Guatemala plans to allocate $1 billion from the 2018 budget for public infrastructure projects, of which $626 million will go towards highway works.

Agn.com.gt reports that "...The Central Government is projected to execute $686 million in infrastructure works, and the Departmental Development Councils (Codedes) $312 million."  

State Budget in Panama increased by $1.5 billion

July 2016

The approved budget for 2017 includes $5,148 million for works such as the extension to 8 lanes of the bridge-Arraiján Americas and to 6 lanes of the road San Carlos-La Chorrera.

From a statement issued by the Presidency of Panama:

In an extraordinary session held by the Cabinet Council on Friday, approval was given to a Draft State Budget for fiscal year 2017 in the amount of 21.670 billion balboas.

Panama Approves 2016 State Budget

November 2015

40% of the $20 billion approved by the Legislature for the next year's budget will be allocated to investments.

Bill 225, which dictates the general state budget for fiscal year 2016, amounting to 20 thousand 106 million balboas, was approved on its third reading by the plenary of the National Assembly.

 close (x)

Receive more news about Infrastructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


DICCOC

DICCOC is a consulting and accredited inspection (ECA OI-016) company, with vast experience in the field. Since 2008 has inspection contracts with the state costarricense.
Operates in Costa Rica
Phone: (506) 2244 7570 - (506) 8857 9320

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Dec 10)
Brent Crude Oil
64.11
Coffee "C"
129.15
Gold
1,463
Silver
16.545