Road Works: Activity Stays Afloat

The Costa Rican government assures that the road infrastructure projects are being executed according to the established schedule and that the announced plans for the next few months remain in place.

Wednesday, April 8, 2020

Directors of the Ministry of Public Works and Transport (MOPT), reported that in the context of the health crisis and with the aim of reviving the economy, it is essential that the planned road works are carried out.

See "International Tender: Construction of Aqueduct"

Regarding the decrease in government revenue, Rodolfo Méndez Mata, Minister of Public Works, told that "... There will be a problem of public resources, undoubtedly, but the idea is to use the credits and try to stimulate this type of management, as far as possible."

Méndez believes that given the current situation, actions to execute projects by concession and those works for which there are already approved credits should be intensified.

You may be interested in "Construction and Impact of the Covid19"

Mario Rodriguez, director of the National Road Council (Conavi), explained that "... those projects under development are progressing according to the schedule, but with some adjustments based on the guidelines issued by the Ministry of Health."

Reports from CentralAmericaData state that the impact of the Covid-19 crisis on the construction sector in Central America is expected mainly to be due to the expected drop in the activity of prefabricated steel structures.

Covid-19: How do the outlook for construction companies in Costa Rica change given the new commercial reality?

We prepared for our clients the report "Information System: Covid-19 and Business Outlook" which helps companies to measure the impact that the crisis will have on their activity in the coming months.

Click here to request access to this report.

More on this topic

Credit to the Private Sector: Poor Outlook

April 2020

Managers of Costa Rica's financial institutions predict that due to the health crisis the country is going through, the demand for credit from companies and families will continue to fall in the coming months.

Figures from the Central Bank of Costa Rica state that between March 2019 and the same month in 2020, the balance of money lent by public and private banks to companies and families decreased by 2.3%, from $28,559 million to $27,908 million. See full data (in Spanish).

Route to Limon: New Delay Expected

March 2020

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.

In December 2019, it was reported that the Asian construction company asked the National Road Council (Conavi) for a 400-day extension to deliver the 107-kilometer extension, which connects the Rio Frio intersection with downtown Limon. However, authorities only agreed to delay it by 174 days, so the work would be delivered no later than March 2021.

El Salvador: Construction Activity Declines

March 2020

The sector continues to operate within the restrictions that have been imposed, but at a slower pace, as it has adjusted its processes to the required health and safety protocols.

Because of the public health threats caused by the covid-19 pandemic, the Government decreed a home quarantine a few days ago. However, some activities may continue to be carried out, provided they meet certain requirements.

How Will Coronavirus Impact Construction?

March 2020

The impact of the covid19 crisis on the construction sector in Central America is expected to be explained, to a greater extent, by the expected fall in the business of prefabricated steel structures.

The "Information System for the Impact Analysis of Covid-19 on Businesses", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the impact that the crisis will have on companies according to their sector or economic activity, during the coming months.

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