The impact of the covid19 crisis on the construction sector in Central America is expected to be explained, to a greater extent, by the expected fall in the business of prefabricated steel structures.
Large construction companies in the Asian country are interested in the mega projects that are to be developed in the region, especially in Panama and Costa Rica.
At the last Capac Expo Hábitat fair in Panama, more than 20 companies from China showcased their progress and took the opportunity to establish contacts with local public and private investors.
The government has granted access permits for potable water that were pending for 102 construction projects valued at $300 million.
Representatives from the Executive Power and the National Association of Aqueducts and Sewers (ANDA), delivered the package of permits to the Salvadoran Chamber of the Construction Industry (Casalco), "... which will translate into 3,300 new potable water services."
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, articulated, maritime, forestry, scrap, salvage, trawl, platform cranes, hydro elevators and backhoes.
A housing complex in Honduras, a road in Panama and the expansion of a hospital in Costa Rica are some of the construction projects planned 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 in the region.
Apartment buildings and horizontal condominiums in Panama, Costa Rica and Guatemala feature heavily in the list of real estate 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 for which environmental impact studies (EIA) were submitted to the respective institutions of each country in November 2017.
Construction entrepreneurs estimate that the execution of around 160 projects could generate 3% growth this year.
In 2014 and 2015 statistics produced by the builders' association registered drops of 11% and 2% respectively, but this year the situation could change, as they foresee that the execution of 160 public and private projects will generate a growth of up to 3% in activity.
An investigation is being launched into possible collusion between two construction companies who took part in the tender to make improvements to Migration facilities.
From a statement issued by the Superintendency of Competition:
October 30, 2017.TheSuperintendency of Competitionhas started an investigation to determine a possible agreement between two construction companies that participated in the public tender corresponding to improvements to facilities belonging to the General Directorate of Migration and Immigration at the borders posts of El Poy, La Hachadura and San Cristóbal. The possible agreement is typified as anti-competitive practice in article 25, letter c), of the Competition Law.
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 manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
An increase in the cost of construction permits, new rates for services from public entities and a more expensive labor force explain a large part of the increase in real estate sales prices.
The guild of construction companies in Panama states that prices for homes, shops and apartments are so high that in many cases buyers can not afford them.The increase, they say, is not due to increases in the cost of construction materials, but to an increase in the cost of paperwork, such as building permits, higher interest rates for loans and the elimination of some subsidies.
Office towers in Costa Rica, a hydroelectric plant in Panama and an industrial plant in Guatemala are some of the projects planned for development in the coming months in the region.
The interactive platform "Construction in Central America" compiled by the Business Intelligence Unit at CentralAmericaData provides an up to date list of public and private construction projects for which EIA's were submitted to the respective institutions of each country in April 2017.
Nine consortiums from China, Italy, South Korea, Spain, Brazil and Portugal want to be prequalified to design and build Line 3, which has $2.6 billion in financing.
From a statement issued by Metro de Panama:
Companies that participated in the prequalification ceremony on Friday, June 2:
Apartment towers in Costa Rica and Panama, and oil well drilling and related works in Guatemala, are some of the construction projects planned for the coming months in the region.
CentralAmericaData's information system "Construction Projects in Central America", compiled by the Business Intelligence Unit, provides an up to date list of public and private construction projects for which environmental impact assessments (EIAs) were submitted to the respective institutions in each country in March 2017.
If the projections of the union are accurate, between public and private investment, $900 million will be earmarked for new construction projects this year.
Although official figures have not yet been revealed, the Salvadoran Construction Chamber (Casalco) estimates that in 2016 the sector's growth was 2.5%, and realistically this year they predict an overall increase of just 1% more than last year.
The government has granted permits for access to drinking water which were needed by 147 construction projects valued at $1.2 billion, which are expected to be developed over the next three years.
The drinking water feasibility studies which have been finally delivered make up some of the paperwork which has held up for several months, leading to complaints from entrepreneurs who put pressure on the government to expedite these formalities.