The execution of five energy and infrastructure projects in Southern Mexico and the Northern Triangle of Central America could boost the area's economic growth and slow migration.
The projects discussed now are not new, they have been part of the discussion of the region's businessmen and governments for years, but now they have come back into the discussion, as a possible response to the pressure exerted by the U.S.
For the IDB, investment in infrastructure is the most important priority when increasing the probability of improving productivity and reaching higher per capita income levels in the countries of the region.
The Inter-American Development Bank (IDB) published its report "Building Opportunities for Growth in a Challenging World," in which it addresses the benefits of infrastructure investment and its influence on productivity growth in the countries of the region.
The CABEI and the Nicaraguan government signed two loans for the construction and expansion of highways and for the refurbishment of airports on the South Caribbean Coast.
The loan approved will be to finance the "VIII Road Improvement and Expansion Program" and for the "Airport Improvement Project of the Southern Caribbean Coast," the financial institution said in a statement.
In the first nine months of 2018, 100 environmental impact studies were submitted for projects for the construction of new educational centers, expansions and remodeling of schools.
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 present environmental impact studies (EIAs) to the respective institutions in each country.
In the first six months of the year, government entities from the countries of the region submitted 73 environmental impact studies for the construction of different public infrastructure projects.
The interactive platform "Construction in Central America", from the Trade Intelligence Area of CentralAmericaData, provides the updated list of public and private construction projects that present the environmental impact studies (EIA) to the respective institutions of each country.
An electrical transmission line in Panama, the expansion of an aqueduct in Costa Rica and a medical center in Guatemala 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 to be built in the region.
With IDB financing, new health infrastructure will be renovated and constructed, as well as a sewage and water treatment systems in the departments of the dry corridor.
The $133 million of the first loan will be allocated to the renovation and construction of infrastructure in health and roads in the departments of the dry corridor: Nueva Segovia, Madriz, Estelí, Matagalpa and Jinotega.
When public resources are very limited, as it happens in Central American countries, association schemes between the State and the private sector become essential for developing the infrastructure that the region so badly needs.
A report from the Secretariat of Economic Integration (Sieca) states that "...In Central America, growing fiscal constraints faced by the countriespublic sectors make it increasingly difficult to achieve efforts for long-term infrastructure projects.In this context, Public-Private Partnerships (PPP) become relevant as an alternative measure of financing where private participation sector is facilitated in partnership with the government, with the aim of improving quality of services, reducing operating costs and capital, generating additional income, improving public management and minimizing budget spending.
In August 2017, 36 environmental impact studies were submitted in the centralamerican countries to build sewer systems, roads and government offices, among other things.
Data from the interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData:
A water treatment system in Panama, office buildings in Costa Rica and a university building in Guatemala are some of the projects that are expected to be developed in the coming months in the region.
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 in August 2017.
Apartment towers in Costa Rica and Panama, and oil well drilling and related works in Guatemala, are some of the construction projects planned for the coming months in the region.
CentralAmericaData's information system "Construction Projects in Central America", compiled by the Business Intelligence Unit, provides an up to date list of public and private construction projects for which environmental impact assessments (EIAs) were submitted to the respective institutions in each country in March 2017.
The private sector proposal includes building a new port in the Caribbean and improving existing ones, reviewing electricity tariffs, and creating a special tourist area in San Juan del Sur and Tola.
The private union has submitted a proposal for development in 2020 that focuses on five areas: financing; infrastructure and services; public management and facilitation; education system and human capital; and innovation in business management.
Infrastructure such as roads, ports and airports and utilities can now receive private investment.
The law was prepared by the Executive in conjunction with the private sector, represented by the Superior Council of Private Enterprise (COSEP).
Elnuevodiario.com.ni reports that "...The deputy in the Sandinista party Jose Figueroa, a member of the Commission of Economy and Budget, said that this law will allow private investors to be able to receive compensation for their investments, which can be kind of tax incentive."
A value of more than $5 billion has been given to the investment projects that the Ortega administration intends to carry out through public, private and investment partnership deals.
Among the projects proposed by the Nicaraguan government and open to funding proposals are:
The National Port Company has announced that for the second half of the year it plans to invest $11 million in improving recreational facilities in Xiloá, La Boquita, Pochomil, El Trapiche and Granada.
In addition to carrying out improvement works in recreation centers in the tourist areas which have the greatest competition, spokesmen for the National Port Authority explained that they also foresee invest in improvements in the ports of Sandino, Corinto, Salvador Allende, Arlen Siu and El Bluff.