Colombian Investments in Central AmericaThursday, January 20, 2011 EPM Group bought to Ashmore Energy International electricity distribution company ENSA of Panama and DELSUR of El Salvador for $ 200 million. The Corporate Group EPM (Empresas Públicas de Medellín) is dedicated to providing public services related to electricity, water, sanitation and telecommunications, through 12 subsidiaries. It is owned by the Municipality of Medellín, governed by Colombian commercial law. Nicaragua: AEI Acquires 47.5% of Amayo Wind FarmsMonday, May 17, 2010 Energy multinational AEI acquired 47.5% of wind farms Amayo I and II, which output 63MW of clean energy. AEI bought a 47.5% stake in both the Amayo I and Amayo II wind farms from Texas-based Arctas Capital Group, AEI said in a written statement. It then bought an additional 47.5% interest in Amayo II from Guatemalan firm Centrans Energy Services. 7 Companies Interested In Panamanian MetroTuesday, March 2, 2010 They are CIMA, “Línea 1”, SNC Lavalín International Inc, “Grupo Italiano Metro Panamá”, Panametro, “Metro de Panamá”, and “PTY Metro”. These companies will go through a prequalification process, and on March 8th authorities will announce the names of those selected to participate in the public bidding process for building the Metro system. Panama: $ 6 Million for Beach ClubThursday, March 24, 2011 The developer of the Trump Ocean Club is building a beach club on Isla Viveros in the archipelago of Las Perlas. Work on the project developed by Newland International Properties, has already started and completion is expected during the third quarter of 2011. Little Transparency in Central American BudgetsWednesday, March 4, 2009 The Open Budget Index 2008 examines and compares the budget transparency of 85 governments, including Central America. The index is prepared by the International Budget Partnership (IBP) and the best placed Central American countries (Costa Rica and Guatemala) obtained only 45 out of 100 possible points. El Salvador followed with 37 and then Nicaragua and Honduras with less than 20 points. Airport Expansion Adjudicated to AerotocumenMonday, March 16, 2009 The expansion of Tocumen Airport was awarded to the Colombian Consortium Aerotocumen, whose bid was $68.65 million. The contract includes construction of a new terminal, remodeling the main facade, a new presidential lounge, an administration building and other logistical facilities. Excess Supply in Costa Rican Office ComplexesMonday, March 23, 2009 The office space sector in Costa Rica increased available area by 20% in 2008 and prices fell by 12%. Office parks were the hardest hit in 2008, in comparison with other sectors of the real estate market such as industrial and commercial, due to an increased supply of new buildings and the effects of the international crisis. Digicel Invests in Wind EnergyMonday, April 20, 2009 Digicel Panama teamed up with BWE Power International Company to operate a cellular phone base that operates with wind power. The system, which includes a 10Kw wind turbine installed on the telecommunications tower, provides part of the electricity needed for the base’s normal operation. More Businesses Seek Authorization to Operate in Costa RicaTuesday, February 10, 2009 The companies R&H International Telecom, Icann and InterTel Worldwide have requested authorization to enter the telecommunications market. Mercy Omen, in an article in Nacion.com, writes: "These companies have already presented their request for registration and authorization before the Superintendent of Telecommunications (Sutel). This information was confirmed yesterday by Carolina Moorish, press spokesperson of the Public Utilities Regulatory Authority (Aresep)." Six Companies Bid Highway Construction Project in El SalvadorTuesday, February 10, 2009 The consortium of Constructora MECO, SBI International, Santa Fe-CODOCSA, Astaldi, Consorcio Vial Fomilenio y Corporación M&S presented the proposals for the North Longitudinal construction project. Elsalvador.com reports: “The proposals included a range of $29 million to $40 million for asphalt concrete; meanwhile, in the case of hydraulic concrete, the proposals were from more than $35 million to a little more than $44 million, as was recorded in the meeting minutes signed by the representatives of Fomilenio and participating construction companies. $1 billion for tourist project in HondurasTuesday, September 30, 2008 American real estate company, RKI, presented a tourism development project for the island of Guanaja to the Government of Honduras RKI (Richard Knorr International) presented the project, called Arrow Green, to the Minister of Tourism for Honduras, Ricardo Martinez, at a meeting of Honduran and American officials and business persons on September 24 in Chicago. Movement of containers grows 14.2% in PanamaWednesday, October 22, 2008 Ports in Panama moved 2,935,000 containers (20') between January and August 2008 The figure represents an increase of 14.2% compared to the same period last year. Controversy over $13 million airport loan in GuatemalaMonday, June 23, 2008 A 13-million-dollar loan for remodelling the La Aurora Airport in Guatemala was rejected by the deputy minister of Communications, who said he was looking for "a better offer." Last February the government approached the Central American Integration Bank to rent equipment to complete the renovation of the airport and for paying down its accumulated debts. Moin refinery in Costa Rica to be expandedFriday, January 23, 2009 Recope, in alliance with a Chinese oil company, will create a new private company that will modernize and expand the Moin refinery in Limon. Nacion.com reports: "In this case, the document - dated October 28, 2008 - authorizes the Costa Rican Petroleum Refinery (Recope) to negotiate and sign an agreement to create "a joint company" with the China National Petroleum Corporation International LTD, a subsidiary of China National Petroleum Corporation. $200 million for "Playa Secreta" Resort in El SalvadorThursday, August 21, 2008 An ambitious beach resort, calculated to be approximately 692 acres, is being developed in the east of the country. The project which includes a golf course, several hotels, a residential complex, open areas, plazas with arts and crafts shops, a supermarket and convenience stores, and will be based on the architectural layout of Antigua in Guatemala. |
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