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.

You may be interested

Honduran opposition protesters take to the streets
Central America
753 views
Central America
753 views

Honduran opposition protesters take to the streets

Noe Leiva / AFP - December 15, 2017

Supporters of the leftist opposition in Honduras blocked streets in various cities around that country on Friday, despite political repression,…

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada
Please Send Coffee!
1840 views
Please Send Coffee!
1840 views

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada

Gustavo Díaz Cruz - December 14, 2017

My mom named me Gustavo Adolfo. I was born in Puntarenas, next to the sea, but my home was in…

Response to disaster: aid successes, struggles in post-Maria Puerto Rico
Weather
1419 views
Weather
1419 views

Response to disaster: aid successes, struggles in post-Maria Puerto Rico

John McPhaul - December 13, 2017

As Costa Rica joins many other nations in looking back upon the horrendous 2017 hurricane season, longtime Tico Times contributor…