Of the 1.5 million square meters built in 2017, 56% corresponded to residential works, 22% to commercial projects, and 18% to buildings such as hospitals, hotels and restaurants.
Construction of residential projects grew by 10% with respect to 2016, while construction of projects destined for commercial use grew by 18% in the same period.
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.
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The builders' association expects to close the year with better results than in 2016, when nearly $640 million was invested in private and public construction projects.
Representatives from the Honduran Chamber of the Construction Industry (Chico) explained that the results at the end of the first half of the year have been encouraging, they attributed it to the increase in construction of residential buildings, "... particularly in Danlí, Choluteca , El Progreso, Choloma, Villanueva, Puerto Cortés, San Pedro Sula and the Central District."
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.
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 constructionprojects for which environmental impact assessments (EIAs) were submitted to the respective institutions in each country in March 2017.
The construction guild plans to close 2017 with $650 million in public and private construction projects, and achieve a growth of almost 6% compared to 2016.
Figures from the Central Bank of Honduras indicate that in the first two months of this year private construction registered a 2% increase compared to the same period last year.Revistaconstruir.com reports that"... the recovery comes as a result of the development of residential, commercial and industrial works in the municipalities of the Central District, San Pedro Sula and Choloma, among others in the northern zone."
A contract has been signed for the start of works on the International Airport in Palmerola, Comayagua, so that operations can start in 2018.
Following the signing of the official contract, construction of the new International Airport in Palmerola, in the department of Comayagua, will begin in May, for operations to start in 2018. This was announced by the Spanish concessionaire EMCO Corporation. The total investment is $163 million, of which the Kingdom of Spain will provide $53 million as part of a debt restructuring program with Honduras; $87 million will be private investment and the Honduran State will contribute $23 million.
Residential developments, waterworks, a pier and shopping centers are some of the projects for which environmental impact studies were submitted in June in Panama.
The report "Construction Projects in Panama - June 2015", prepared by the Business Intelligence unit at CentralAmericaData.COM, contains a detailed list of major construction projects for which environmental impact studies (EIS) were presented to the National Environmental Authority (ANAM) in June.
Construction companies are negotiating with the banking system for access to preferential interest rates in order to finance housing projects for lower-income sectors.
In order to alleviate the poor performance that construction sector has seen in recent months, construction companies plan to focusing on developing high rise housing projects, which, in the view of the entrepreneur Ernesto Lazarus, "... is a solution for those who have difficulty buying a house because of the price of land."
Development Groups are preparing to build four new high rise luxuryapartmentbuildings in the northwest area of San Pedro Sula.
Private developers announced the launch, in the coming months, of the implementation of high rise construction projects, which will mean an investment of more than $42 million .
Plagued by serious liquidity problems, the government of Honduras is using cement as currency to pay off its debts.
Latribuna.hn reported that the president of the Honduran Chamber and Construction Industries (Chico), Alejandro Alvarez, revealed that "The government is using cement destined for social works to pay off debts held with some contractors and construction companies."
Contribution to GDP by country: Panama - 17.4%, Honduras - 6.4%, Nicaragua - 5.3%, Costa Rica - 5.1%, El Salvador- 3.0%, Guatemala - 2.8%.
A report by the Regional Organization of Chambers of the Construction Industry in Central America and the Caribbean (Ordecccac) provides figures for the construction sector in 2012 for the countries in the region, as well as projections for 2013 and 2014.
If the Honduran government does not pay within 15 days, the $35 million debt it has with the construction industry, all construction in state institutions will be halted.
The boards of the Honduran Chamber of the Construction Industry (Chico), the College of Civil Engineers of Honduras (CICH) and the Honduran Chamber of Consulting Firms (CHEC) met to ratify the measures taken in the absence of payment from the government, according to information on Elheraldo.hn.
The Asian giant has a vast and growing construction industry, that will amount to $700 billion in 2015, meaning significant opportunities for companies in the isthmus.
Baltodano Mauritius’ analysis focuses on the opportunities for Costa Rica companies in China in the spheres of Architecture, Engineering and Construction, but its concepts and conclusions can be extrapolated to the entire region.
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...
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,...
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