Transport: More Infrastructure Investment Needed

To cover the demand projected by the transport sector for the 2016-2030 period, around 2.2% of GDP should be invested in infrastructure, but Central American countries allocate, on average, 1.8% of GDP.

Tuesday, April 23, 2019

According to the study "Achievements and Challenges of Central American Integration: ECLAC Contributions", between 2008 and 2015 Panama was the country that reported the highest average investment during the period in transport infrastructure with 3.68% of its GDP, followed by Honduras with 2.21% and Nicaragua with 1.99%.

Data indicate that in the Dominican Republic the volume of investment was 1.32% of GDP, in Costa Rica 1.25%, in Guatemala 1.23%, and in El Salvador 0.93%.

The document explains that "... to meet the expected demand in the 2016-2030 period, around 2.2% of their GDP should be invested annually in transport infrastructure, including expenditure on routine maintenance and repairs of works."

The report states that "... Because of the magnitude of the infrastructure deficit in the region, these investments are not enough to expand capacity and ensure the maintenance and updating of roads with the incorporation of new design and safety standards that improve the quality and territorial coverage of services.

Of particular concern is the lack of investment to improve connectivity with the territory, especially with rural areas and those farthest from major cities, since vast areas of the territory still have dissimilar economic infrastructure endowments, with very high transit times or inefficient and insecure services because of the scarce infrastructure available.


Download full document.

Do you need more information about your business sector?

Request more information:









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Electric Train: Progress in Costa Rica

May 2020

The Executive presented before the Legislative Assembly the draft law of the loan contract with the Central American Bank for Economic Integration, which will be used for the construction of the Passenger Electric Train of the Great Metropolitan Area.

Although it was recently introduced to the congressmen, the loan had been approved by the Central American Bank for Economic Integration (CABEI) since the end of October 2019.

Economic Growth Is Not Accelerating

October 2019

In the second quarter of the year, Costa Rica's GDP grew 1.4% year-on-year, below the 3% reported for the same period in 2018, which is associated with the evolution of internal demand and external demand for the production of companies under the definitive regime.

In the second quarter of 2019, the country's economic activity, as measured by the trend of the Gross Domestic Product (GDP) cycle, grew 1.4%, continuing the loss of dynamism observed since the second quarter of 2018, reported the Central Bank of Costa Rica (BCCR).

Maritime Cargo in Guatemala: Figures up to June 2018

August 2018

From January to June a total of 161,000 TEUs were mobilized from Guatemalan ports to different US destinations, registering a slight year-on-year increase of 1%.

According to the "Logistics Monitor" prepared by the Guatemalan Association of Exporters (Agexport), Port Everglades in Florida prevails as the main cargo receiving port of Guatemala, with 15% of the total sent there up to June, followed by Wilmington in Delaware, with 13.4%, Gloucester in New Jersey with 9.5%, Gulfport in Mississippi, with 7.8% and Port Hueneme in California, with 7.6%.

Costa Rica: More Warnings Over Fiscal Deficit

February 2018

Lack of fiscal reform continues to erode Costa Rica's public finances, constraining its long-term growth prospects and highlighting its vulnerability to external shocks.

From a press release by Standard & Poor's.

 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


Stock Indexes

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

Commodities

(Sep 17)
Brent Crude Oil
74.560
Coffee "C"
186.85
Gold
1,752
Silver
22.37