You wouldn't know it by looking at residential projects scattered about the interior of the country as most of them have slowed to a craw. But fear not, government projects such as the canal expansion, new metro, coastal strip extension and sewage treatment tunnel are set to suck up much of those construction crews who will be finishing up with the many city towers over the next year or so. That's what I call good timing, even if it means most of the GDP is being generated by big government borrowing. The construction unions are happy as they negotiated a new minimum wage that will be passed on to the general public in a number of new ways.
Machine translated from La Prensa
Minerva Bethancourth
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In 2010 it implemented a series of construction projects that demand a great deal of manpower, according to Gregory Guerrel, representative of the Sole Union of Construction Workers and Similar (SUNTRACS).
Among these projects, which have orders to proceed, are the beginning of the work of the third set of locks, the extension of the coastal strip, building a tunnel to carry waste water treatment plant to clean up the Bay .
The new year is presented with a better outlook for the construction sector by 2009 when several projects were halted for lack of funding.
Some companies also chose to defer to 2010 the start of work in the hope the economy improves, said SUNTRACS clerk, Hector Howard.
The president of the Panamanian Society of Engineers and Architects, Ernesto De Leon, also agreed that during 2009 there was a decline in the construction of new projects and others lowered their speed. Despite this outlook, De Leon stressed that there were no layoffs.
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