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.


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