Last year in Costa Rica, the construction industry reported an 11% decrease in the number of construction works, 6% in the area built and a 16% drop in the value of the projects processed.
An official report specifies that all provinces had a decrease in the number of works, being Puntarenas and Heredia the ones with the highest decreases, with -22.8% and -21.6%, respectively.
Torres Natura S.A. plans to build a residential complex consisting of three apartment towers, which will be located in the municipality of Santa Catarina Pinula, department of Guatemala.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Torres Natura S.A., submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the residential project.
During 2019, 80 environmental impact studies were presented to carry out work on electrical networks and to build energy generation plants in different areas of Central American countries.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
In 2019, 426 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in Central American countries.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an up-to-date list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
In January 2020, investment in new construction, additions and repairs amounted to $109 million, 53% more than reported in the same period last year.
This increase occurs in an unfavorable context, since last year the construction activity in the country continued to decline for the second consecutive period, since between 2018 and 2019 the total investment fell 14%, a rate lower than that reported between 2017 and 2018, of -39%.
Construction activity in the country continued to decline for the second consecutive year, as total investment fell 14% between 2018 and 2019, slightly less than the rate reported between 2017 and 2018 of -39%.
The latest report from the General Comptroller of the Republic, explains that in December 2019 the cost of new construction, additions and repairs totaled $56 million, an amount that is 30% less than that reported in the same month of 2018.
Construction activity in the country continues to decline, since between January and November last year, $1072 million were reported in new construction, additions and repairs, 13% less than the same period in 2018.
The last report of the General Comptroller of the Republic, explains that in November this year the cost of new construction, additions and repairs totaled $56 million, which is 47% less than that reported in the same month of 2018.
The IDB will provide a $200 million loan to finance the digital transformation of processes with high demand, such as construction permits from the Municipality of Panama or commercial movements in the Colon Free Zone.
The funds will also be used to encourage private investment, the protection of digital personal data and digital signatures. In addition, reforms will be included to promote follow-up to the National Industrial Competitiveness Program, the promotion of the National Quality System and the Regional Innovation Systems, informed the international organization.
Construction activity in Panama continues to decline, as in the first ten months of the year were reported $1,016 million in new construction, additions and repairs, 9% less than in the same period in 2018.
The most recent report of the General Comptroller of the Republic, explains that in October of this year the cost of new constructions, additions and repairs totaled $131 million, which is identical to the amount reported in the same month of 2018.
Construction activity in Panama continues to fall, with $819 million in new construction, additions and repairs reported from January to August 2019, 11% less than in the same period in 2018.
According to the latest report of the General Comptroller of the Republic, in August of this year the cost of new constructions, additions and repairs totaled $136 million, 10% more than the data recorded in the same month of 2018.
During the first six months of the year, the construction area processed in the country totaled 1.28 million square meters, an area that is 12% less than that reported in the same period of 2018.
January records the largest construction area in the semester. Houses of less than 40 square meters showed increases in the number of buildings and value, but not in the area with respect to the first half of 2018, reported the National Institute of Statistics and Censuses (INEC).
A 53-story residential tower is planned to be built on a plot of land of approximately 3,300 square meters in Panama City.
Alive Real State, S.A. presented to the Ministry of Environment the Environmental Impact Study (EIA) to develop the residential project called "Alive."
The document specifies that the project will be located on Avenida La Rotonda, Costa del Este urbanization, Lefevre Park, Panama City.
Construction activity continues to decline, with $683 million in new construction, additions and repairs reported from January to July 2019, 14% less than the same period in 2018.
According to the latest report of the General Comptroller of the Republic, in July of this year the cost of new constructions, additions and repairs totaled $173 million, 10% below the figure for the same month in 2018.
Between January and July of this year, works were processed in Costa Rica equivalent to 6.05 million square meters of construction, an area that exceeds in just 2% the reported in the same period of 2018.
The report prepared by the Federal College of Engineers and Architects (CFIA) records a slight increase in the area built between January and July 2018 and the same period of 2019, going from 5.93 million m2 to 6.05 million m2.
Vertical housing developments in Panama and Guatemala, and the development of a mixed-use project in Costa Rica, are part of the investments planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are expected to be built in the coming months.