Panamanian authorities have declared the deadline passed for Panama NG Power to present evidence of economic backing for the construction of the 670 MW natural gas plant.
Last December ajudicial rulingwas issuedby means of which Panama NG Power was granted 150 days to demonstrate that it has the economic capacity to develop the project. According to the company's interpretation, this time period began on March 8, 2018.
In the Dominican Republic between April 2018 and the same month in 2017, the Direct Housing Cost Index registered an increase of 8%.
The National Statistics Office reported that "...In April 2018, the Index of Direct Costs of Housing Construction (ICDV) was 148.84, on average. The Index registered a monthly variation of 0.78%.It is higher compared to the figure seen in the same period of the previous year, which was 0.45%."
In Costa Rica, the price indices for buildings and low-income housing registered inter-annual variations of 6.7% and 5.7%, respectively, in the fifth month of the year.
From a statement issued by the National Institute of Statistics and Census:
Following the disasters caused by the Fuego Volcano in Guatemala, authorities stated that they will be investing $31 million to recover a 17-kilometer stretch of road.
Representatives from the Ministry of Communications, said that the works to renovate the highway section of the RN14 route, will have an approximate duration of 18 months.
The government of Costa Rica wants to develop the project with the help of a private partner, who would contribute $1.3 billion for construction, among other things, of the new railway, wiring, tunnels and monitoring systems.
The project to build a rapid train service connecting Alajuela to Cartago, and which would fix the transportation problem affecting the Greater Metropolitan Area, requires a total investment of close to $2 billion, of which $1.3 billion would have to be contributed by a private company, through means of a concession for both the construction and operation of the line.
Following the halting of the bidding process to build Phase I of the Free Zone in May, the General Directorate of Public Procurement has decided to lift the suspension.
On May 18, a claim filed by Transeq-Estrella was published, arguing that in the bidding process there were "distinct inconsistencies, omissions and procedural flaws that must be reviewed."
The Panama Council has approved a moratorium on the granting of construction permits in the urbanization Villa Las Acacias, in the Juan Díaz district.
The suspension, which "... will be in force until hydraulic studies are made on the conduction, evacuation and final destination of rainwater and runoff in the sector ..." , also applies to real estate projects that are carrying out earthworks and that do not yet have a building permit.
Walmart El Salvador is investing $24 million in the construction of two new stores, which will be located in Antiguo Cuscatlán and Ahuachapán.
The supermarket chain reported that this year they are making investments in the construction of two new stores in the departments of La Libertad and Ahuchapán, and also carry out remodeling work in another existing sales point in the municipality of Santa Tecla.
The Cabinet Council has approved a loan contract for investments in infrastructure and fiscal control equipment at the country's border posts.
According to a decree published on June 5 in the Official Gazette, "... the signing of the Loan Agreement ... between the Republic of Panama and the Inter-American Development Bank (IDB)has been authorized, up to the sum of seventy-five million dollars (US $75,000,000.00)."
Inversiones Simco has placed the first $12 million of $20 million it expects to issue in the Salvadoran securities market, to finance part of the Millennium Plaza mixed-use project.
The securitization fund called Millennium was structured by Ricorp Titularizadora and amounts to $20 million.However, initially $12 million has been placed and the remaining funds will be raised as the works progress.
The plan put forward by the Panamanian government will define, in the cities of Panama and Colon, areas that can be used as development poles, and establish risk zones in which interventions are not allowed.
The Ministry of Housing and Territorial Planning (Miviot) presented the Urban Development Plan for the Metropolitan Areas of the Pacific and the Atlantic, and through a statement reported that "... the entity will develop strategic guidelines related to the market and the management of the urban and rural land within these areas, and will also produce an updated technical, regulatory, political and administrative instrument for managing the territory, which will serve local urban authorities as a guide for the development of territorial organisational plans."
The Congress has ratified a loan with the Inter-American Development Bank to build two hospitals and make improvements to the health system.
The Legislative Assembly reported that "... After constant approaches to achieve the required consensus, the Legislative Assembly unanimously ratified the loan contract between the Executive and the Inter-American Development Bank (IDB) for $170 million to finance the Integrated Health Program II. With the resources it will be possible, among other things, to carry out construction of a new Rosales Hospital and a General Hospital in the northern zone of San Salvador in Nejapa."
In order to resolve the problem of delays in approving environmental impact permits, in Costa Rica industrial sector employers support a proposal for the National Technical Secretariat to intervene.
Arguing that "it affects them negatively", the Chamber of Industries of Costa Rica (ICRC), supports the intervention of the National Technical Secretariat (Setena) requested last Wednesday by the Christian Social Unity Party (PUSC).
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O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
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