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.
Expansion of highways in Panama and El Salvador, construction of a border bridge in Guatemala and a cultural complex in Honduras are part of the public works to be developed in the region.
The interactive platform "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects to be built in the coming months.
Works on aqueducts in Panama City, an office building in Costa Rica and the construction of a highway 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 soon.
Following the Brazilian construction company's abandonment of the road work contract that had been awarded, the government intends to make a claim on the advance payment and performance bails which amounts to $122 million.
The contract consisting of the extension of 140 kilometers of the CA-2 West highway was awarded to the construction company Odebrecht in 2012, however, the company abandoned the work after performing work on only 43 kilometers.
Road works in Guatemala and Panama, and the expansion of a potable water system in Costa Rica are some of the public projects planned for the coming months in the region.
The interactive platform "Construction in Central America" compiled by the Business Intelligence Unit at CentralAmericaData provides an up to date list of public and private construction projects for which EIA's were submitted to the respective institutions of each country in October 2017.
An environmental impact study has been presented for the improvement of two sections of the CA12 and CA10 roads, in the department of Chiquimula.
The General Departent for Roads at the Ministry of Communications has presented the environmental impact study for the project "Improving Highway Route CA-10 Sections Quezaltepeque - Padre Miguel - Esquipulas - Frontera Agua Caliente, Route CA-12 Padre Miguel Frontera Anguiatú, department of Chiquimula ".
The monetary authority has endorsed the issuance of $447 million in Treasury bonds, which will be used to settle debts with private contractors.
José Luis Agüero, president of the Guatemalan Chamber of Construction (CGC) believes that this is an important step to be able to honor the debt, and if Congress goes on to approve the issuance, they will become resources that will revive the economy.
Recommendations have been made to Guatemala to update and modify the legal framework for state contracts and disclosure on public works, something that is not done officially.
These recommendations were made in the third report on transparency in the Construction Sector by the World Bank (Cost). The study notes that there is opacity in the delivery of information about buildings, as there was a reduction from 65% to 54% in key information on 17 projects covered by the research conducted in 2011.