Because projects that were planned prior to the pandemic are expected to be developed in Guatemala in 2021 and 2022, developers will need to assess whether they need to rethink them, as some market conditions have changed in this new reality.
Because of the pandemic resulting from the covid-19 outbreak in the country, several projects were delayed or not implemented during 2020. In some cases, it was not possible to begin work because from March to August of last year, the government imposed severe restrictions on the movement of people and on some productive activities.
A hospital in Nicaragua, a regional market in Costa Rica and a high rise residential complex in Panama are some of the projects planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned in the region.
The dynamism of the construction sector is driving growth in the hardware sector which consists of about 1,000 companies that generate annual sales of between $300 and $350 million.
The strong and sustained growth of the construction sector in recent years has been the engine of the hardware store business in the country, major suppliers of materials and equipment to construction companies. Data from the Hardware Association of Nicaragua (Afenic) indicates that the the number of companies engaged in the activity amounts to 1000, which as of August reported they had 28,098 insured workers.
HPC Contractors, who were awarded the project, has suspended construction on the markets in the Cold Chain in the district of La Chorrera.
Prensa.com reports that disruption of the works was due "... to an alleged failure on the part of the government in making payments to the company."
"...The cost of the construction of the new public market is estimated at $10.6 million, while investment in the food market is $15.5 million, and both had a construction period of 13 months. "
A new supply of Class A and AB office spaces over the next three years will grow the market by 70%, projects the real estate firm Jones Lang Lasalle.
A report by Jones Lang Lasalle published on worldpropertychannel.com indicates that in 2013 175,000 m2 of office space was built and more than 500,000 m2 will be delivered between 2014 and 2015.
Development Groups are preparing to build four new high rise luxuryapartmentbuildings in the northwest area of San Pedro Sula.
Private developers announced the launch, in the coming months, of the implementation of high rise construction projects, which will mean an investment of more than $42 million .
Four companies have submitted bids in the tender for the construction and equipping of a Public Market in Chitre whose official reference price was $27 million.
From a press release issued by the Government of Panama:
A total of four companies submitted proposals for the construction and equipping of a Public Market in Chitre, in the tender organized by the Secretariat of the Cold Chain, a work which is being conducted by the government and will benefit over 60,000 people in the region of Azuero .
Ten consortia have submitted bids for the construction and equipping of the Public Market and Food Market of La Chorrera.
With a reference price of $25 million, bids ranged from the $22.5 million offered by the Spanish consortium Acciona Infrastructures to $27.4 million offered by Cocige SA.
The new contract includes both the public market for $10 million, and also the construction of the Abasto Market for $15 million.
Maitin Yessica, administrator of the Cold Chain informed companies involved that they may clarify aspects of the tender in the approval meeting scheduled for October 17, 2011.
The Ministry of the Presidency is putting out to tender the design, construction and implementation of an integrated cold chain logistics system.
The purpose of the contract is to modernize the current system of collection and distribution of perishable food products in both production and consumption areas in the country.
In the month of December the first two Cold Chain markets will be put out to tender.
These first markets will be located in the provinces of Chiriqui and Panama. In Chiriqui it will be located in David and is expected to be ready by June 2012.
A new 'Municipal Market' is to be built in Sibinal, San Marcos, in the west of the country, with the aim of supporting agricultural commerce.
Guatemala's Departmental Council for Development (Codede) and Sibinal municipality have prioritized the financing of a $1.49 million investment in the construction of the new food market due to the importance of these facilities in stimulating the local economy, explained Francisco Mérida, regional governor.
Spanish company Mercsa will study, design and provide technical assistance for the construction for 8 public marketplaces.
An important component of the Cold Chain Project, these marketplaces will be located in David, Colón, Santiago, Penonomé, Chitré, Las Tablas, Panamá and Chorrera.
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Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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