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The construction of a school in Costa Rica, urbanization works in Panama and the development of a vertical residential complex in El Salvador are some of the projects planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are expected to be built in the coming months.
In Honduras, the construction of sewerage systems, potable water, rainwater drainage and road improvement for 1,071 plots of land in different neighborhoods of the Central District Municipality is being tendered.
Honduras Government Purchase LPI-IDECOAS-FHIS-01-2019:
"Urban Integration Project, includes: Expansion, Improvement and/or Construction of sanitary sewerage systems, drinking water, storm drainage, road improvement and risk mitigation works for 1071 properties in the following neighborhoods: Nueva Australia code 107179 (384 properties), Nueva Galilea code 107178 (260 properties), Nueva España code 107177 (251 properties) and 25 de Enero code 107176 (176 properties), located in the Municipality of the Central District, Francisco Morazán Department."
High rates of urbanization in the region, though with differences between the various countries in it, present great opportunities for economic development, generating business options.
From a report by the World Bank:
ABSTRACT
Central America is undergoing an important transition, with urban populations increasing at accelerated speeds, bringing pressing challenges as well as opportunities to boost sustained, inclusive and resilient growth.
Guatemala leads the region with an urbanization growth rate of 3.4%, followed by Honduras, with 3.1%, Costa Rica, with 2.7%, Panama, with 2.07%, Nicaragua, with 1.96 % and El Salvador, with 1.4%.
A report by Ca-bi.com shows that Guatemala has the highest rate of urbanization, "... in the region, which is even above the world average."
In Central America, Costa Rica has the largest urban area, with 75%, followed by El Salvador and Panama, both with 66%, Nicaragua, with 58%, Honduras, and Guatemala with 54%, with 51%.
The National Development Plan of K'atun projects that in 2032 79% of the population will live in urban areas, and identifies the areas with the greatest potential for investment.
Currently 58% of Guatemala's population reside in urban areas, the National Institute of Statistics expects that in 2032 that percentage will rise to 79%, which allows a future map of national wealth to be charted.
Guatemala's Grupo Spectrum has announced an investment of over $20 million in various real estate projects in Nicaragua.
In the Nicaraguan capital, in Las Colinas, the company announced the construction of "Cumbres del Portal" and the urbanization "Alamedas de Las Colinas".
Another project is the condo's Talanguera in San Juan del Sur, Rivas.
"Spectrum Group, of Guatemalan capital, said it will invest more than $20 million in the housing projects Cumbres del Portal, in Las Colinas, Managua, and condominiums Talanguera in San Juan del Sur, Rivas. It also reported that develop the residential community Alamedas de Las Colinas in the capital", reports Elnuevodiario.com.ni.
Project "‘La Hacienda del Comendador", located in the municipality of San Miguel Dueñas, Guatemala, will have church, gardens and a "Commander's House."
According to an article in Siglo21.com the developer is Desarrollos Integrales para el Progreso (D&P), which plans an initial investment of $7 million for the construction of community projects, which will give a colonal character to the entire project.
Company "Desarrollos Integrales para el Progreso" is building project "Hacienda del Comendador", with a total investment of $7 million.
Alfredo Vila, director of the company, explained that 90 lots will be available for sale in the first phase, with prices varying from $19.000 to $24.000.
The project is located on Kilometer 55 of the highway to San Miguel Dueñas, Sacatepéquez, "a strategic point, as there is an important flow of people in Antigua Guatemala and the Southern Coast", commented an expert to Sigloxxi.com.