Lull in construction in the East

Jun 18, 2007
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www.rentalmetrocountry.com
Lull in construction in the East

According to Luis Miguel Martinez Glass, executive director of the Construction Workers Pension Fund (FOPETCONS), some 45% of the tourism projects in the eastern part of the country are paralyzed due to a lack of money and the high cost of construction materials, especially rebar and cement.

Martinez Glass also said that other public and private construction sector companies across the country were also in arrears, including more than a billion peso shortfall in pension contributions.

He argued that the perilous situation would be even worse if it was not for the large public works projects, such as the construction of hundreds of schools and classrooms ordered by the government in different parts of the country.

Martinez stated that the East, which has been the boom area for tourism projects, had barely five important projects underway at the moment and one could observe thousands of workers seemingly wandering the streets in the region, looking for work. He said that around 80% of construction workers are foreigners, mainly Haitian.

Denuncian 45% de la construcci?n de proyectos tur?sticos del Este est?n paralizados - DiarioLibre.com

Pichardo, things are just swell here aren't they?
 

dv8

Gold
Sep 27, 2006
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the price of cement and rebar is going up all the time, steadily. common sense would dictate that is is better to squeeze every last possible cent and finish asap because next year it will be even more expensive. and in 5 years time lots of the work already done will have to be fixed and redone at even higher cost.