In the Dominican Republic, the National Housing Institute is inviting tenders for the reconstruction and improvement of up to 30,000 homes and the acquisition of construction materials for the institution's rapid action brigade.
During the first quarter of 2020, Central American companies imported hydraulic cement for $48 million, and purchases from Turkey increased 154% compared to the same period in 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graph"]
The Ministry of Communications is bidding for the construction of the overpass on Route CA-01 West, at kilometer 33.5 on the way back to San Bartolome Milpas Altas, department of Sacatepequez.
In Panama, the study, design and construction of the Banana Festival sports complex, located in the district of Changuinola, province of Bocas del Toro, is being tendered.
Panama Government Purchase 2020-1-35-0-01-LV-008168:
The Panamanian Institute of Sports tenders the study, design and construction of the baseball stadium in the Almirante district, located in the province of Bocas del Toro.
Panama Government Purchase 2020-1-35-0-01-LV-008158:
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.
In a 30-hectare lot located five kilometers from the Container Terminal in Moin, Costa Rica, construction will begin in the first half of 2021, a logistics complex that will focus on the management of local or imported cargo.
The project, called "Plataforma Logística Caribe" (PLACA), will be placed near Route 32, the road section from Limón to San José.
In Panama, the studies, design, development of construction documents, cost analysis and technical specifications for phase 2 of the new campus of the Gorgas Memorial Institute are being put out to tender.
Panama Government Purchase 2020-1-11-0-08-LV-010174:
After five months of having paralyzed the construction in the country because of the pandemic caused by the covid-19 outbreak, the authorities are planning to reactivate the activities of the sector next September 7th.
In El Salvador, 30 companies were prequalified to participate in the international competition for the elaboration of the feasibility study for the construction of the Pacific Airport.
A total of 44 national and foreign companies expressed interest and also completed the information required to participate in the international public bidding, informed the Executive Autonomous Port Commission (CEPA).
Arguing reasons of force majeure, the construction company Fomento de Construcciones y Contratas requested the Panamanian Social Security Fund to unilaterally cancel the contract for the construction of the hospital complex.
This mega-project has been delayed for several years.
The commitment to long term rentals instead of vacation rentals, preference for larger residences and innovation in the marketing tools of the projects under development are some of the changes expected in the coming months, which could set a new pattern in the sector.
The health crisis caused by the spread of covid-19 ended up changing consumer habits in all Central American markets. In this scenario the real estate market is no exception. This sector will have to adjust to take advantage of the opportunities generated by the current crisis.
The Judicial Power of Costa Rica tenders the construction of the Auxiliary Morgue of the existing autopsy room and bathrooms of the pathology area of the Judicial City of San Joaquin de Flores, Heredia.
From January to June of this year, the constructed area of warehouses and other industrial properties in Costa Rica increased by 58,273 square meters compared to the same period in 2019, which is equivalent to an annual increase of 3%.
Colliers, a firm specialized in real estate, informed that as well as the built area, the availability of spaces in the Costa Rican market also increased. The study specifies that as of June of this year the space of industrial properties without renting was located in 221,156 m2, which is equivalent to a 50% increase with respect to what was reported in June 2019.
After the Ministry of Health approved the reactivation of these works, which had been halted since March of this year due to the covid-19 outbreak, 27 road infrastructure projects were restarted nationwide on August 17.
These are five projects located in Panama, four in West Panama, another four in Chiriqui, two in Bocas del Toro, eight in Cocle and one each in the provinces of Los Santos, Herrera, Veraguas and the Ngäbe Bugle region.
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