Due to the suspension of several projects and the political, economic and fiscal situation in Costa Rica, it is expected that the economic activity of the construction industry will close the year in the red and for 2021 a scenario of much uncertainty is predicted.
According to data from the Central Bank of Costa Rica (BCCR), the economic activity of construction began to report negative year-on-year variations since December 2018.
During 2019, 124 environmental impact studies were presented to develop street rehabilitation, construction and road expansion projects in Central American countries.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
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.
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.
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.
An apartment tower in Honduras, the construction of a road in Guatemala and a multipurpose tower in Panama are part of the investments announced in the region for the coming months.
The interactive system "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects to be developed in the coming months.
Van der Laat & Jiménez, H3 Guatemala, Constructora Codico, Bagatrac S.A. and Constructora Meco are some of the main companies that last year won contracts to design and build public works in Central American countries.
An analysis by CentralAmericaData's Trade Intelligence Unit provides interesting data on the companies that in 2019 were favored with contracts to design and build government buildings, roads, bridges, streets, overpasses and other public infrastructure works in Central American countries.
The government and the concessionaire Globalvia signed a letter of understanding for the negotiation process of the studies for the expansion of the road from San Jose to Caldera.
It is estimated that the work will cost about $600 million, a cost that would imply an extension of the concession contract for another 15 years, starting from the expiration of the current concession.
The Ministry of Public Works tenders the work to improve drainage and surfaces of the ring of National Route 239, under the delivery on demand mode.
Costa Rica Government Purchase 2019LN-000013-0012400001:
"The execution of this contract will be carried out from 2020, after compliance with the ordinary procedure and subject to the available budget for that year, all of which empowers the Administration to initiate the procedures without having the respective available budget.
Due to delays caused by situations beyond the control of China Engineering Company, the Costa Rican authorities agreed to postpone by 174 days the delivery of the work to expand Route 32.
Initially the China Engineering Company (CHEC), asked the National Road Council (Conavi) for an extension of 400 days to deliver the extension of 107 kilometers, which connects the crossing to Rio Frio with the center of Limon, however, the authorities only agreed to delay for 174 days, therefore, the work would be delivered no later than March 2021.
In the first half of the year, 48 environmental impact studies were presented for projects of street rehabilitation, construction and expansion of highways in Central American countries.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
The National Roads Council tenders the design and construction of the overpass at the intersection "La Galera", National Routes numbers 2 and 251.
Costa Rica Government Purchase 2019LN-000014-0006000001:
"The object of this tender is to hire a legal entity, with technical, legal and financial capacity to perform the design and construction of the overpass at the intersection "La Galera", National Routes Nos.
In the first quarter of the year, 21 environmental impact studies were presented for projects of street rehabilitation, construction and expansion of highways in Central American countries.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
The expansion of a road in Panama, the construction of a tourist center in Costa Rica and an office-warehouse complex in Guatemala are part 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 Costa Rica, discussions have continued to plan the expansion of the route from San José to Caldera, and it is estimated that the works will require about $600 million in investment.
The 77-kilometer road has been operated by Globalvia since its opening, and according to the authorities' forecasts, if the project were to be executed, work would begin in 2021, which would have a five-year duration divided into different phases.