The proposal put forward by the Varela administration to the Assembly includes $5.225 billion for investment projects and $2.581 billion for servicing debt.
The Ministry of Economy and Finance reported that "... the proposal includes important public investment works, such as the Panama Metro ($582.8 million), the Fourth Bridge over the Canal ($288.7 million), Roofs of Hope ($163.6 million), Urban Renovation of Colón ($98.4 million), Sanitation of the Bay ($108.2 million), potable water and sewerage projects ($179.1 million), construction of hospitals and polyclinics in Colón, Darién, Veraguas, Chiriquí and Los Santos ($319.5 million), among other things."
The Municipality of Guatemala City reported that it plans to implement two new lines of the Transmetro service, which will involve bringing 28 stations into operation.
The mayor of the Guatemalan capital, Ricardo Quiñónez, explained to Dca.gob.gt that "... medium and long-term planning has been established, in relation to the Transmetro service, which includes the implementation of two new lines: 7, to zone 12, and 5, to zone 5."
Two irrigation systemconstruction projects are being prepared in different municipalities in the departments of Yoro, La Paz, Intibucá, Lempira, Atlántida, Cortés and Santa Bárbara.
The projects that will be executed are the Programa de Desarrollo Agrícola Bajo Riego (PDABR), and the Project of Competitiveness and Sustainable Development of the South Western Border Corridor (PRO-LENCA), whose investments will be $25.3 million and $27.8 million respectively..
In the first projects that are planned to be developed as part of the plan, around $116 million will be invested in construction works, vehicle purchases and other things.
The Salvadoran union for the sector foresees that investments in construction between 2018 and 2019 will add up to $1.4 billion, driven mainly by the execution of several public projects.
The Salvadoran Chamber of the Construction Industry (Casalco) reported that with the investment estimated for this and next year, it is expected that about 136 thousand jobs will be created.
The Guatemalan government has announced the investment of $34 million in improvement works on 15 educational centers and the construction of six, in different areas of the country.
Authorities at the Ministry of Education presented the V Rural Education Program, which will be developed in 21 municipalities in six departments.According to government representatives, the works are expected to be completed by the end of 2021.
The government plans to start renovation works on 160 schools nationwide in 2018.
Officials of the Executive announced that the Ministry of Communications, Infrastructure and Housing (CIV), will be responsible for renovating 160 schools in different areas of the country.For these works, the CIV plans to invest around $95 million over a period of 4 years.
Estimated growth of the construction sector next year is of 2.4%, and the figure could be higher if the government executes the infrastructure investments foreseen in the 2018 public budget.
Data from the Guatemalan Chamber of Construction (CGC), indicates that the Bank of Guatemala (Banguat), estimates growth of 2.4% for the construction sector in 2018, and foresees that the current year could close with an increase of 3.2%.
The Costa Rican Ministry of Education used part of a $167 million trust, originally earmarked for the construction of 79 schools, to pay for sanctions imposed by the IADB because of a delay in the execution of those works.
Around $1.7 million was what the Ministry of Public Education (MEP) used to pay the sanction that the Inter-American Development Bank (IDB) imposed on it for not executing the $167.5 million trust within the established timeframe, money which had been allocated for building 79 educational centers and 24 roofed sports courts.
The first phase of the "Gorgas Campus" project includes construction of the research and biosafety laboratory buildings at levels 2 and 3, the transport warehouse and the water treatment plant and administration area.
From a statement issued by the Ministry of Economy and Finance:
The National Economic Council today approved a loan agreement with the Central American Bank for Economic Integration (BCIE), worth up to B / .70,000,000, for the Ministry of Economy and Finance to finance, in part, a project to equip Instituto Conmemorativo Gorgas with new infrastructure and state-of-the-art technology.
In the view of the OECD, "the country depends to a large extent on a few sectors, such as construction, the financial sector and the Panama Canal, which will be insufficient to support greater socio-economic progress and greater inclusion."
The "Multidimensional Study of Panama," produced by the Organization for Economic Co-operation and Development (OECD), concludes that the country needs more resources to finance investment in key social areas, including education and skills.
With the adjustment approved by the National Assembly, the lines for repairing roads, drinking water supply and medical services, among other thing, will be increased.
From a statement issued by from the National Assembly:
Today the National Assembly approved a Law to Modify the Annual Law of the General Budget of the Republic 2017, whose adjustment increases expenditures for the fiscal year by more than 482 million cordobas.
The 2018 budget of the Institute of Aqueduct and Sewers in Panama foresees $187 million for the development of projects such as sewerage works in the city of Santiago.
From a statement issued by from the National Assembly:
Building the new airport in Orotina, expanding the route to Puerto Caldera, building the San José-San Ramón highway and simplifying procedures for doing business are some of things that China requires before setting up a Special Economic Zone in the country.
The study to determine the country's feasibility to host a special Chinese economic zone was suggested by the Chinchilla administration in 2014, but its results have only now become available, due to, according to former Costa Rican ambassador to China, Marco Vinicio Ruiz, bad management on the part of the current administration.
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.
O4Bi is a very robust system that allows to control and...
The lots are large, 3,000 – 5,300 sq mts with prepared building sites, all with beautiful ocean views, water and power to the site. Financing Convenient location; 10 minutes from Berlin and just 30...
Prime Lake Front Real Estate near ATENAS: Available for Development. An extraordinary commercial real estate opportunity has just become available. The property is a mere two minutes or 0.9 miles or 1.5...
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,...
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.
O4Bi is a very robust system that allows to control and...
español
3112