españolGas Plant to Start Operations in July 2022Friday, February 26, 2021 In El Salvador, the initial plan was that the new Energia del Pacifico power plant would begin operations in early 2022; however, it is currently projected to begin operations until July 1 of next year. The project located in the Acajutla port area, which will have an installed capacity of 378 megawatts and began construction in 2015, will be delayed a few months. Honduras: $150 Million for HousingWednesday, February 24, 2021 The Central American Bank for Economic Integration approved a line of credit for the Honduran government to finance the Resilient Housing Reconstruction Program in the country. The Central American Bank for Economic Integration (CABEI) informed that it is estimated that approximately 29,500 vulnerable families in the departments of Cortés, Atlántida, Yoro and Santa Bárbara will benefit from the rehabilitation, reconstruction or construction of new housing.
BUSINESS OPPORTUNITY
Panama Subway: $13 Million for Tunnel DesignMonday, February 22, 2021 Tender for the basic and detailed design of the tunnel for the Panama Canal crossing of the Metro Line, the service must include evaluations of the construction works of this project. Vertical Housing: New Investment in Costa RicaFriday, February 19, 2021 Construction began on the second building of the Torres Los Yoses residential complex, the new building will have 19 levels, will house 119 apartments and will require a total investment of approximately $18 million. According to information provided by Grupo Inmobiliario Del Parque, developer of the project, which is located at the entrance of Los Yoses neighborhood in the country's capital, the new tower, whose groundbreaking ceremony was held on February 19, 2021, will have about 16,500 square meters of construction and the building works are expected to be completed in January 2022.
BUSINESS OPPORTUNITY
Tender for $12 Million in Sports InfrastructureWednesday, February 17, 2021 The Panamanian Sports Institute bids the studies, designs and construction of sports facilities to be located in different areas of the country. Details of the tenders:
Three Tenders to Improve Maritime TerminalThursday, February 18, 2021 Construcciones Integrales Avanzadas S.A., Supervision Construccion y Mantenimiento S.A. and Tecuntrac S.A., were the companies in Guatemala that submitted their proposals in the tender for the improvement of the east and west breakwater port infrastructure of Puerto Quetzal. According to the opening minutes published in Guatecompras.gob.gt on February 17, 2021, the proposal submitted by Construcciones Integrales Avanzadas S.A. amounts to $61.9 million, that of Supervisión Construcción y Mantenimiento S.A. to $61.7 million and that of Tecuntrac S.A. to $59.5 million. Medical Devices: Industrial Plant to be ExpandedThursday, February 18, 2021 Bomerics, a company engaged in the manufacture of medical devices, announced that it will invest in the expansion of its operations plant located in Zona Franca Zeta, province of Cartago. The new facilities will have an area of 10,200 m2, which doubles the 4,600 m2 it currently has. According to a press release from the Costa Rican Coalition of Development Initiatives (Cinde), the investment will allow the company to develop a full-service, vertically integrated business model. Residential Construction: Goals for 2021Monday, February 15, 2021 After barely 1,000 houses were built in Nicaragua in 2020 in the context of the economic crisis generated by the covid-19 outbreak, the goal of local companies for this year is to build between 3,000 and 4,000 houses. According to representatives of the Chamber of Developers of Nicaragua (Cadur), the prices of the houses to be built this year will range between $18,000 and $400,000.
BUSINESS OPPORTUNITY
International Tender: Water and Sewage WorksTuesday, February 16, 2021 The Costa Rican Institute of Aqueducts and Sewerage is bidding the design and construction of the Monasterio tank with a capacity of 3,000 cubic meters, a work that is part of the improvements to the supply of the western sector of the metropolitan area of San Jose. Costa Rican Government Purchase 2021LI-000001-0021400001: Retailers: Expectation for Lift of RestrictionsWednesday, February 17, 2021 After the Costa Rican government announced that they are evaluating the option of lifting as of March the sanitary measure that restricts the free circulation of vehicles on weekends, the trade union of the commercial sector considers that this would be a great relief for the economy. On Sunday night, the government informed that it is analyzing the elimination of the traffic restriction applied on weekends. Honduran Economic Activity Falls 9% in 2020Wednesday, February 17, 2021 At the end of last year, the Monthly Index of Economic Activity reported a -8.5% year-on-year variation, a drop that is explained by the negative effects generated by the outbreak of covid-19 and tropical storms Iota and Eta. The national production of goods and services in terms of volume, showed a contraction in the accumulated variation rate of 8.5% (increase of 3.1% in 2019), mainly explained by the negative effects of the Covid-19 pandemic on economic activity and demand, added to the impact of tropical storms Eta and Iota on agricultural crops, some industries and productive infrastructure, mainly in the northern part of the country, says an official report. Logistics Development: What Investment is Needed?Monday, February 15, 2021 Investment in the construction of new ports is essential for a country like Panama, whose economy depends heavily on the logistics sector, to continue to compete globally in the coming years. Since nearly one third of Panama's Gross Domestic Product is created by the logistics sector, the development of this productive activity is of great importance for the country.
BUSINESS OPPORTUNITY
International Tender: Electrical Works in HondurasThursday, February 11, 2021 Empresa Nacional de Energía Electrica bids for the construction of transmission lines and the expansion of electrical substations. Honduran Government Purchase ENEE-59-LPI-O-:
CONSTRUCTION PLATFORM
Residential Towers: New Investment PlannedMonday, February 8, 2021 In Zone 14 of Guatemala City a 13-level tower is planned to be built that will house 70 apartments, will have four basements and will require an investment of approximately $5 million. According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, Delfines S.A., submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Terra Delfines 2020."
MARKET STUDY
Ceramic Products: Business in Central AmericaFriday, February 5, 2021 During the first six months of 2020, $138 million in ceramic products were imported in the region, and almost 51% were purchased by companies in Costa Rica and Guatemala. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] |
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Tuesday, March 2, 2021 - last update: Monday, 4:55 pm
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