Honduras: Threats to Stop Government Projects

Construction companies are threatening to paralyze public works due to the government´s default in the payment of nearly $ 52 million.

Wednesday, March 9, 2011

The Honduran Chamber of Construction is inviting its members to a meeting next week to discuss the situation.

"The debt comes from projects executed for the Social Investment Fund (FHIS), the Department of Public Works, Transportation and Housing (Soptravi) and the Road Fund, most of which already have been completed or are in their final stage," Elheraldo.hn reported.

More on this topic

Government of El Salvador Behind in Payments

May 2012

The delays in payments by several government institutions to private providers amounts to six months, and it is unknown when those companies will receive their payments.

Among the companies affected by not having received payment for goods and services rendered to the State are those related to distributors of medicines, different types of raw materials, construction, and building leasing where some offices of the Police and the Attorney General, are located, among others.

Guatemala is Investing 15% Less in Infrastructure

August 2009

Due to low tax collection, the Government will postpone until May some road improvement projects.

Byron Paiz is the Communications, Infrastructure and Public Works vice minister of Guatemala. He stated that some projects, like the 4 lane expansion between Siquinalá, Escuintla and Cocales, which were scheduled for October, will be postponed until March 2010.

China Examines Infrastructure Projects in Costa Rica

December 2011

Experts on railways, ports, transport and highways are undertaking inspections of projects as part of the cooperation agreement signed between both countries.

A press release from the Ministry of Public Works and Transport reads:

About 20 Chinese experts on railways, ports, airports, transport and roads came to Costa Rica on Sunday and conducted inspections throughout the country as part of a cooperation agreement signed between China and Costa Rica in material infrastructure.

Energy and Infrastructure Investment Fever

January 2012

At the First Central American Forum on Energy and Infrastructure Project Finance, participants highlighted the number of ventures taking place in Central America in these sectors.

The Panama Canal expansion is just one example that stands out of the many investment projects in energy and infrastructure, both public and private, going on in Central America, in contrast to the sluggishness in Europe, according to participants in the industry forum held in Panama.

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