In Guatemala, the construction of the overpass to be located at the intersection of Villa Hermosa Boulevard and Frutal Boulevard, Villa Hermosa 1, in San Miguel Petapa, is being tendered.
Construcciones Integrales Avanzadas S.A., Supervision Construccion y Mantenimiento S.A. and Tecuntrac S.A., were the companies in Guatemala that submitted their proposals in the tender for the improvement of the east and west breakwater port infrastructure of Puerto Quetzal.
According to the opening minutes published in Guatecompras.gob.gt on February 17, 2021, the proposal submitted by Construcciones Integrales Avanzadas S.A. amounts to $61.9 million, that of Supervisión Construcción y Mantenimiento S.A. to $61.7 million and that of Tecuntrac S.A. to $59.5 million.
The Costa Rican Institute of Aqueducts and Sewerage is bidding the design and construction of the Monasterio tank with a capacity of 3,000 cubic meters, a work that is part of the improvements to the supply of the western sector of the metropolitan area of San Jose.
In Zone 14 of Guatemala City a 13-level tower is planned to be built that will house 70 apartments, will have four basements and will require an investment of approximately $5 million.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, Delfines S.A., submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Terra Delfines 2020."
During the first six months of 2020, $138 million in ceramic products were imported in the region, and almost 51% were purchased by companies in Costa Rica and Guatemala.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
The National Electrification Institute bids the construction of medium and low voltage distribution networks and power lines, works that will be carried out in different areas of the country.
The government and businessmen agree that 2021 will be a good year for construction, as the Bank of Guatemala projects that the sector will grow by 7.5%, while the builders' guild estimates that activity will increase by 3%.
According to official forecasts made by the central bank, it is estimated that during 2020, economic activity in the construction sector fell by 7.4% due to the crisis caused by the outbreak of covid-19.
During 2020, it is estimated that the average price of a ton of steel increased 19%, a rise that impacts the construction industry and is explained by the increase in logistics costs and the suspension of the extraction of the material due to the outbreak of covid-19.
Central American businessmen report that during last year, which was marked by the sanitary and economic crisis, the average price per ton of steel increased by $130, going from $670 to $800.
In Zone 10 of the capital of the country, a 14-story tower is planned to be built, which will house 50 apartments, will have five basements and will require an investment of approximately $6 million.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, Torre Diez S.A., submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Edificio Bonadiez".
The competitive advantage of low costs of Central American companies and the possibility of making strategic alliances in Mexico and the U.S., are some of the opportunities that architectural services companies could take advantage of.
For the internationalization of this type of service, companies in the sector recognize some challenges and barriers such as the lack of information on internationalization of services, lack of knowledge on how to reach international clients, differences in design codes and applicable laws, and regulatory difficulties to internationalize plans, highlights an analysis prepared by the Costa Rican Foreign Trade Promoter (Procomer).
In Zone 16 of Guatemala City they plan to build a residential complex composed of ten apartment towers, which will house 225 housing units of different types.
According to the interactive platform "Construction in Central America" of the Trade Intelligence area of CentralAmericaData, Inmobiliaria Las Lomas S.A., presented before the Ministry of Environment the Environmental Impact Study (EIS) to develop the project called "El Socorro Fase I".
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.
In Guatemala, Chevron S.A. plans to invest in the expansion of the capacity of its hydrocarbon storage plant, which is located in the municipality of Puerto Barrios, Izabal.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Trade Intelligence area, Chevron Guatemala S.A., submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called "Expansion of fuel terminal storage capacity of Puerto Barrios."
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