Construction Costs Rise As Much as 100%

November 11, 2005

THE rise in the price of fundamentalconstruction materials has led to a 25%increase in overall construction costs persquare meter since last year, according toa survey of construction companies,developers and the Federated Associationof Engineers and Architects, conducted bythe daily La República.Block and cable, for example, haverisen in price 100% between October2004 and 2005, while PVC piping hasrisen 29% and paint has risen 18%. Thedamage caused by the recent hurricanesand the rise in world oil prices are twoprincipal causes for the increase in costs,the daily reported.Buying a bag of cement is moreexpensive in Costa Rica than in any othercountry in Central America, with a 50-kilogram bag costing $6.90 here and$4.70 in Honduras, home of the region’scheapest cement. According to LaRepública, the production of cement inCosta Rica is controlled almost exclusivelyby two companies, Cemex, of Mexico,and Holcim, of Switzerland; the CostaRican Economy Ministry is investigatingthe cause of the high prices.These rising costs are affecting theconstruction industry, where many companiesalready operate with a thin profitmargin and have to assume the coststhemselves, the daily reported.

Facebook Comments

You may be interested

Mexico opens border to women and children from migrant caravan
Honduras
720 views
Honduras
720 views

Mexico opens border to women and children from migrant caravan

AFP - October 20, 2018

Mexican authorities on Saturday allowed dozens of women and children from the Honduran migrant caravan to pass into its territory,…

Venezuela accuses Costa Rica of ‘subordination’ to U.S.
Costa Rica
1288 views
Costa Rica
1288 views

Venezuela accuses Costa Rica of ‘subordination’ to U.S.

AFP - October 20, 2018

Venezuela criticized Costa Rica this week for expressing support for several countries that have asked the International Criminal Court (ICC)…

Lifeguards call for help in Costa Rica: support their work in Osa
Changemakers
1749 views
Changemakers
1749 views

Lifeguards call for help in Costa Rica: support their work in Osa

Perry Gladstone - October 20, 2018

Over the last four years, the Lifeguards of Costa Ballena have performed 240 in-water rescues, administered first aid 100 times…