Registration has been opened in El Salvador for investment projects that require complementary public infrastructure works to be financed with funds from the Program Apuesta por Inversiones´ Fomilenio II.
There will be about $75 million available for the API Investment Program, part of the $277 million donated by the US government through the Millennium Challenge Corporation (MCC), supplemented with $88 million contributed by the Salvadoran government, making a total of $365 million for investing in a period of 5 years.
Construction of roads, renovation and expansion of airports, an industrial park in Zacatecoluca and works at the border crossings in La Hachadura and Anguiatú are the top five proposals to be developed using funding from the U.S. aid program.
The proposals presented to the Millennium Challenge Corporation (MCC) will be developed through public-private partnerships, and will receive technical and financial support for the creation of the partnerships. Wiliam Pleites, executive director of the board of FOMILENIO II, presented the first five projects and said that three new proposals will be presented to be analysed and approved by the MCC.
Supermercados La Colonia has announced it will invest $27 million in opening five new stores in the second half of the year, totaling 12 thousand square meters of sales floor.
The company founded on Honduran capital has announced that with the five new stores the total stores it will have nationwide will rise to 35.
A bill put forward by the Executive extends the benefit of the Colon Free Zone to the streets of the city, and another supports the implementation of the Special System of Freeports in the province.
From a statement issued by the Government of the Republic of Panama:
An investment of $600 million has been announced, in 22 projects in the province of Colon.
Port of Singapore Authority plans to invest $400 million in its container terminal in Rodman, to increase capacity by two million TEU's and accommodate vessels carrying up to 24 rows of containers.
The construction of two additional docks and installation of eight gantry cranes is expected to allow for "... accommodating vessels with up to 24 rows of containers." With this project the aim is to expand port capacity at the Pacific entrance to the Canal.
Together with two Korean companies a Master Road Plan for the country is being developed which foresees the construction and renovation of 4,500 kilometers of roads in the next twenty years.
From a statement issued by the Ministry of Transportation and Infrastructure (MTI):
The Ministry of Transport and Infrastructure (MTI) with the support of the Republic of Korea, has delivered the results of the final report of the Master Plan for the Road Network in Nicaragua.
A sewerage system, a convention center, housing and schools, are part of the projects announced for this year in the province of Herrera.
From a statement issued by the Government of Panama:
During the Cabinet Council held at the Colegio José Octavio Huertas in the district of Pesé projects were announced in the order of $74.8 million to be executed in the province of Herrera.
A free zone, two hotel developments and a condominium estimated at $185 million and $30 million are part of the works that private entrepreneurs have planned for the province of Limon, in Costa Rica.
With the announcement of the construction of the container terminal at Moin and the extension of Route 32, investors have glimpsed investment and business opportunities in the province, which foresees strong economic development in the coming years.
The concessionaire London & Regional Panama has a higher rate of investment than it promised the Panamanian government when it won the contract.
At the end of 2014 the company had invested $430 million, which is $25 million more than it had agreed to invest up to 2016. Despite this, representatives of London & Regional Panama argue that the amount of bureaucracy has been one of the obstacles limiting growth of the area.
A liquefied gas terminal, a farm of bunker tanks, pipelines and power generation projects are part of the ACP plans to begin this year.
In total nine projects have been identified which provide added value to the operation of the Panama Canal, including construction of the port of Corozal, a port for light vehicles and a logistics park. It is anticipated that these works will start during 2016.
The South Korean company says it will be investing $300 million in public infrastructure, including works on electrification, renewable energy projects and hospital infrastructure.
For the construction of a hospital in Choluteca the multinational Samsung plans to invest $35 million, while for the electrification in rural areas and renewable energy projects it has estimated it will spend $40 million and $45 million respectively.
Presentations have been made of the 19 roadworks that are envisaged by the government in the period 2014/2019, among which is the construction of the coastal road from Rio Hato, Cocle, to Parita, Herrera Province.
In order for projects to be undertaken during this period a budget has been estimated of $900 million and includes works such as "... the expansion of the Pan American Highway to Darien, between Agua Fria, Santa Fe and Yaviza, which has a distance of 104 kilometers . "
In 2015 the mayor of San Pedro Sula plans to invest $32 million in paving, drainage and traffic lights.
Other works included in the catalog of investment projects planned are: resurfacing of the Ring Road, road signs throughout the city and change of the traffic light network, among others of great importance for the development of the city.
The mayor, Armando Calidonio told Laprensa.hn that "...
President Hernandez announced that they will build in the department of Choluteca a new airport terminal and other public infrastructure works.
From a statement issued by the Government of the Republic of Honduras:
President Juan Orlando Hernández held a discussion with members of the Chamber of Commerce and Industry for the South to promote new projects which the government plans to develop in the south.
Grupo Poma is planning to expand its portfolio of investments in Costa Rica venturing into housing construction projects and strengthening its presence in the automotive sector.
The Salvadoran group, which has been present in Costa Rica since 1993, is analyzing the possibility of complementing the office and hotel investments it has made in the country with the construction of residential high rise blocks.