Construction sector expects growth of between 7% and 10% for 2014

Although the construction sector closed 2013 with a decrease of 1.7%, the projection for 2014 is to reverse that number and grow between 7% and 10%.

The fall of last year meant less processed 99,000 square meters of construction. The expectation is to be processed between 400,000 and 600,000 square meters this year.

These data were released Wednesday morning by the Costa Rican Chamber of Construction (CCC).

The Speaker of the House, William Carazo, attributed the fall of 2013 to the limitation of credit announced in the first half of last year by the Central Bank.

Carazo acknowledged that the projection for 2014 is focused on housing, commerce and public work

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ks. This despite being in an election year and the global economic crisis still remains.

According to the Chamber, the provinces with the highest growth in square meters processed under construction in 2013 when compared with 2012, were Alajuela, 41.4%; Heredia, 3.3%, and Lemon, 1.2 %.

The vice president of the CCC, Román Salazar insisted that for the sector to achieve the projected growth this year the management capacity of the Ministry of Public Works and Transport (MOPT) and the N

ational Roads Authority (Conavi) should be improved.

“We expect the technical capacity that is new and provide maintenance to existing public work done is better,” said Salazar. La Nacion

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