As of March 12, a regulation will come into effect in Costa Rica that forces landowners with a surface area of more than 900 square meters to cede 10% of the area of their properties to local governments when they segregate them.
The new rule, which is included in the regulations issued by the National Institute of Housing and Urbanism (INVU), will apply to land located in cantons without a regulatory plan.
Businessmen are looking to districts such as Arraiján and La Chorrera, as the improved connectivity brought by the Fourth Bridge over the Canal and Metro Line 3 will bring a wide range of business opportunities.
These districts, in which considerable growth is expected in the next few years, currently remain among the main areas attracting investment in the construction sector, since according to figures from the Comptroller's Office, between January and July of this year, the costs of new works, additions and repairs reported in La Chorrera and Arraiján, totaled $79 million and $58 million, respectively.
The plan put forward by the Panamanian government will define, in the cities of Panama and Colon, areas that can be used as development poles, and establish risk zones in which interventions are not allowed.
The Ministry of Housing and Territorial Planning (Miviot) presented the Urban Development Plan for the Metropolitan Areas of the Pacific and the Atlantic, and through a statement reported that "... the entity will develop strategic guidelines related to the market and the management of the urban and rural land within these areas, and will also produce an updated technical, regulatory, political and administrative instrument for managing the territory, which will serve local urban authorities as a guide for the development of territorial organisational plans."
The agreement approved by the Municipal Council suspends future construction and preliminary projects in the Condado del Rey area and surrounding neighborhoods.
The Latin American Development Bank is calling for expressions of interest to carry out a feasibility study on the public transport system in the center of Panama City.
With an investment of $145 million over a period of 10 years, the Mayor's Office of Panama is proposing to reorder the area of San Francisco, in Panama City.
The Mayor's Office intends to reorganize a town that in recent years has registered a strong increase, both in the development of residential and commercial projects.The proposal by the Mayor's Office, which is under public consultation until December 1, includes an investment of $145 million in urban development, mobility and infrastructure, over the next ten years.
The expansion of a hydroelectric plant, a residential development and the construction of a 34-kilometer road are some of the projects for which environmental impact studies were presented in August.
Data from the interactive information system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData.
Fast-transit buses on motorways and small units to mobilize passengers within neighborhoods is part of what is contemplated in the plan to modernize the Nicaraguan capital.
The Master Plan for Urban Development in the city of Managua prepared by the Japanese Cooperation Agency (JICA) includes the restructuring of the public transportation system, from the reorganization of the routes to the incorporation of new transport systems with greater capacity and quality.
The guild of construction companies supports the urban renewal plan for the capital and will be asking for more details from the Mayoral office and will take part in the tenders.
Theurban development plan forthe Nicaraguan capital, prepared by the Mayoral Office of Managua in conjunction with the Japanese International Cooperation Agency, represents a great business opportunity for local builders.
The Panama Housing Ministry is putting out to tender studies and construction of a residential development project in the district of Chepo, province of Panama.
Panama Government Purchase 2017-0-14-0-10-LV-012232:
A proposal for urban development in the capital of Nicaragua would require an investment of at least $500 million in drains, street readjustments and redesign of the public transportation system, among other works.
Elnuevodiario.com.ni reports that "...The new Managua and its planning would be regulated by the use of land, as well as the type of activity that is carried out in the zone, which is why the city will have multiple centers and subcenters connected by transport routes, with efficient corridors that will allow rapid transport, with one of the symbolic axes being the corridor from the northwest of the lake to the roundabout of Ticuantepe.In turn they will have ring road, made up of main roads."
A proposal put forward by the Japanese Cooperation Agency includes the construction of four exclusive lanes for public transport in four of the capital's busiest areas.
The time frame to take advantage of the tax exemptions for companies investing in the area of the Old Town of Panama City has been extended to ten years.
The new law now establishes that in order to be entitled to the incentives and benefits established in the legislation, for the time frame that corresponds to each of them, the people, owners or investors must carry out their investments within ten years after the date of entry into force of this Law.
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