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Dominican Republic: Tender for $12 Million in Road Works
Thursday, December 3, 2020
The construction of the road work of the south access to the sector La Cienaga de Nuevo Domingo Savio, as the main entrance to the Paseo del Río road, is being tendered.
Dominican Republic Government purchase CRBE-CCC-LPN-2020-0003:
The Cost of Political Instability
Thursday, November 26, 2020
More than two years ago, Convía won the contest to rehabilitate and operate the Escuintla-Puerto Quetzal highway in Guatemala. However, the Congress of the Republic, which is in chaos due to a new political crisis, has not yet defined whether to approve the PPP or not.
After a bidding process, the concession was granted in July 2018 through a public bidding process to the Consorcio Autopistas de Guatemala (Convía), a business group that passed the proposals of Mota-Engil Latin America and Anas International Enterprise.
Construction: Complicated Present, Uncertain Future
Tuesday, November 24, 2020
Due to the suspension of several projects and the political, economic and fiscal situation in Costa Rica, it is expected that the economic activity of the construction industry will close the year in the red and for 2021 a scenario of much uncertainty is predicted.
According to data from the Central Bank of Costa Rica (BCCR), the economic activity of construction began to report negative year-on-year variations since December 2018.
Natural Disasters Disrupt Regional Trade
Friday, November 20, 2020
Due to the tropical storms Eta and Iota, severe damage has been reported to the road network in Central American countries, and some border posts in Guatemala, Honduras and El Salvador have been suspended.
Since November 17, operations were suspended at the El Corinto, El Florido and Aguas Calientes border posts. These areas, shared by Guatemala and Honduras, are not operational, according to the Guatemalan Superintendence of Tax Administration (SAT).
Costa Rica: $91 Million More for Road Works
Tuesday, November 17, 2020
CABEI and the Costa Rican authorities have signed a contract to extend the "Strategic Road Infrastructure Works Program" for a further $91 million, which finances, among other works, the construction of the Northern Beltway.
The Central American Bank for Economic Integration (BCIE) informed that the $91 million addendum, in addition to the $340 million of the Program, will allow the construction of the Northern Beltway Functional Unit V which maintains a cost of $70.5 million, as well as the reinforcement and modernization of the bridge over the Virilla River on National Route 32.
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