españolConstruction
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| Areas in the Central Valley that had previously been considered the best for coffee growing, have been giving way in recent years to new constructions, both residential and commercial, mainly east of San José. The drop in productivity, the effects of pests on plantations, and the drop in international prices have affected coffee production in this area. |
378 MW Gas Plant Project Goes Ahead
Wednesday, June 20, 2018
In El Salvador, Energía del Pacifico has announced that it has met the requirements to obtain financing, and that it will start construction of the plant in the third quarter of the year.
After the delays reported in the project to construct the natural gas plant in the port of Acajutla, being run by Energía del Pacífico (EDP), representatives from the company reported that they now have the feasibility and permits to start their construction.
Six Companies Interested in Building Children's Hospital
Tuesday, June 19, 2018
Consorcio FCC Américas, Consorcio Posco - Samsung and China Cams Engineering, are three of the six companies seeking to participate in the prequalification process to build the hospital, estimated at $281 million.
Companies interested in participating in the prequalification act are Consorcio Hospital del Niño (Portugal), FCC Americas Consortium Hospital del Niño (Spain), Consortium Posco - Samsumg (Korea), China Cams Engineering Co. Ltd. (China), Consorcio Hospital ChQC Panamá (China) and Acciona Construcción, SA (Spain).
Costa Rica: Private Construction Down 6%
Tuesday, June 19, 2018
Due to the performance of residential construction, during the first quarter of the year a decrease of 6% was reported in the total constructed area with respect to the same period in 2017.
The Central Bank of Costa Rica reported that " ... In the first quarter of 2018, construction with a private destination reported a total of one million one hundred and fifty-nine thousand square meters built. According to the trend cycle series for the quarterly indicator of meters constructed, this implied a decrease of 6.3% compared to the same period in the previous year."
Construction: Upcoming Projects in Central America
Monday, June 18, 2018
A horizontal residential complex in Panama, an apartment tower in Costa Rica and a mixed-use building in Guatemala, are some of the projects planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned to be built soon.
New Statistics for the Construction Sector
Monday, June 18, 2018
In Guatemala, it was announced that new studies will be implemented to analyze dynamics in the costs of inputs for works, through the calculation of a Construction Materials Index.
The National Institute of Statistics (INE) said in a statement that the objective of the measurement will be " ... to incorporate into its catalog of statistical products an index that reflects the behavior and price variation experienced by the articles, materials and supplies that are used in areas related to construction."
Uncertain Future for $900 million Project
Friday, June 15, 2018
Panamanian authorities have declared the deadline passed for Panama NG Power to present evidence of economic backing for the construction of the 670 MW natural gas plant.
Construction Costs Keep Rising
Friday, June 15, 2018
In the Dominican Republic between April 2018 and the same month in 2017, the Direct Housing Cost Index registered an increase of 8%.
The National Statistics Office reported that " ... In April 2018, the Index of Direct Costs of Housing Construction (ICDV) was 148.84, on average. The Index registered a monthly variation of 0.78%. It is higher compared to the figure seen in the same period of the previous year, which was 0.45%."
Construction Prices - May 2018
Thursday, June 14, 2018
In Costa Rica, the price indices for buildings and low-income housing registered inter-annual variations of 6.7% and 5.7%, respectively, in the fifth month of the year.
From a statement issued by the National Institute of Statistics and Census:
$1.3 billion Sought for Fast Train
Wednesday, June 13, 2018
The government of Costa Rica wants to develop the project with the help of a private partner, who would contribute $1.3 billion for construction, among other things, of the new railway, wiring, tunnels and monitoring systems.
The project to build a rapid train service connecting Alajuela to Cartago, and which would fix the transportation problem affecting the Greater Metropolitan Area, requires a total investment of close to $2 billion, of which $1.3 billion would have to be contributed by a private company, through means of a concession for both the construction and operation of the line.
Green Light for Tender of Logistics Area in Tocumen
Tuesday, June 12, 2018
Following the halting of the bidding process to build Phase I of the Free Zone in May, the General Directorate of Public Procurement has decided to lift the suspension.
On May 18, a claim filed by Transeq-Estrella was published, arguing that in the bidding process there were "distinct inconsistencies, omissions and procedural flaws that must be reviewed."
Moratorium on New Constructions
Tuesday, June 12, 2018
The Panama Council has approved a moratorium on the granting of construction permits in the urbanization Villa Las Acacias, in the Juan Díaz district.
The suspension, which "... will be in force until hydraulic studies are made on the conduction, evacuation and final destination of rainwater and runoff in the sector ..." , also applies to real estate projects that are carrying out earthworks and that do not yet have a building permit.
More Investments in New Supermarkets
Tuesday, June 12, 2018
Walmart El Salvador is investing $24 million in the construction of two new stores, which will be located in Antiguo Cuscatlán and Ahuachapán.
The supermarket chain reported that this year they are making investments in the construction of two new stores in the departments of La Libertad and Ahuchapán, and also carry out remodeling work in another existing sales point in the municipality of Santa Tecla.
$10 million Sports Infrastructure Tender
Monday, June 11, 2018
The Panamanian Sports Institute is putting out to tender construction of different sports facilities in the provinces of Chiriqui and Veraguas.
Panama Government Purchase 2018-1-35-0-04-LV-007288:
$20 million Issued in Debt for Real Estate Project
Monday, June 11, 2018
Inversiones Simco has placed the first $12 million of $20 million it expects to issue in the Salvadoran securities market, to finance part of the Millennium Plaza mixed-use project.
The securitization fund called Millennium was structured by Ricorp Titularizadora and amounts to $20 million. However, initially $12 million has been placed and the remaining funds will be raised as the works progress.
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