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Economy: Construction and Tourism to Boost Growth
Tuesday, January 14, 2020
In Panama the government estimates that in 2020 the economy will grow between 4% and 4.5%, a rise that would be determined by the behavior of construction, tourism and exports.
According to estimates from the Ministry of Economy and Finance (MEF), by the end of 2019 the increase in the Gross Domestic Product (GDP) could fluctuate between 3% and 3.5%, while by the present year 2020 it will be between 4% and 4.5%.
Construction Prices at the End of 2019
Tuesday, January 14, 2020
In Costa Rica, the price indexes of buildings and social interest housing registered in December of last year, year-on-year variations of -1.03% and -0.53%, respectively.
From the National Institute of Statistics and Census statement:
Construction: Investments for the New Year
Monday, January 13, 2020
A mixed-use building in Panama, a residential tower in Guatemala and a farm for growing seafood are part of the investments announced in Central America for the beginning of the year.
The interactive system "Construction in Central America", from the Trade Intelligence Unit of CentralAmericaData, includes an up-to-date list of public and private construction projects to be developed in the coming months.
Authorities Suspend Condominium Construction
Monday, January 13, 2020
Arguing that breaches of occupational safety standards were detected, authorities in El Salvador decided to temporarily suspend the construction of the residential tower called "Condominios 105."
The suspended work consists of the construction of a 15-level apartment tower, which is in San Salvador at Paseo General Escalon and 105 Avenida Sur.
Panama: Construction Falls 13% up to November 2019
Friday, January 10, 2020
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.
Vertical Housing: Project Suspended in Costa Rica
Thursday, January 9, 2020
The company HSolís decided to suspend definitively the construction of a residential complex composed of two towers of apartments of 25 levels each, arguing that the country is going through a "complicated economic situation."
The two residential towers that were part of the development called "Foro 2-25" and that would be located in the canton of Curridabat, province of San José, planned to house 310 apartments.
International Tender: $12 Million for Laboratory Building
Wednesday, January 8, 2020
The Costa Rican Institute of Aqueducts and Sewerage tenders the construction of the building for the National Water Laboratory.
Costa Rican Government Purchase 2019LI-000013-PRI:
Cement: Regional Purchases up 21%
Tuesday, January 7, 2020
During the first half of 2019, Central American companies imported $93 million in hydraulic cement, 21% more than in the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
Explore data in the interactive display.
Stepping Stones: Investing for 2020
Tuesday, January 7, 2020
The Municipality of Guatemala announced that this year it plans to build eight overpasses in different parts of the capital, which will require a joint investment of some $13 million.
The new overpasses will be in Zones 2, 6, 15 and 16, according to detailed information provided by Guatemala City Mayor Ricardo Quiñonez.
Building Materials Prices up to November 2019
Tuesday, January 7, 2020
In Guatemala, between January and November of last year, the price of 3/8" diameter, corrugated, legitimate iron rod fell 9%, and that of structural galvanized steel sheet, die-cut, 26 gauge, fell 5%.
The Price Index of Construction Materials -IPMC-, prepared by the National Institute of Statistics (INE), measures the price variations of the eighty-nine (89) materials and services that make up the representative basket of inputs used in the construction activity, using December 2018=100 as the base month.
Construction: Tender for $11 Million in Consulting
Tuesday, January 7, 2020
The Costa Rican Institute of Aqueducts and Sewerage tenders internationally for consulting services for water and sanitation works in different parts of the country.
Costa Rican Government Purchase 2019LI-000014-PRI:
Honduras: $80 Million for Educational Infrastructure
Monday, January 6, 2020
A CABEI loan will be used to carry out improvements at several educational centers throughout the country and purchase laboratory equipment.
The funds will be used to improve 105 Jr. high schools, basic and pre-basic education centers, equip 294 vocational workshops, 105 computer workshops and 315 natural science laboratories throughout the country.
Panama: $10 Million for School Improvement
Monday, December 23, 2019
The Cortizo administration approved a $9.8 million loan to the Ministry of Education to make improvements in educational centers located in different areas of the country by 2020.
From a statement by the President of Panama:
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