Climbing costs cause concern

The Honduras Government is revealing its concern over rising costs of materials, as these will have a major impact on planned road maintenance and repairs, as well as new construction.
February 10, 2012 Read time: 1 min
The Honduras Government is revealing its concern over rising costs of materials, as these will have a major impact on planned road maintenance and repairs, as well as new construction. The increasing prices charged for materials such as steel reinforcing bar, cement and fuel will impact on the budget Honduras has available for road works, according to the country's construction sector chamber. Honduras has to repair and upgrade roads across its 14,044km network and there are doubts as to whether the road fund will be sufficient to meet maintenance needs. The cost of steel reinforcing bar for example has increased by 16% recently while cement has jumped 42% in price.

Related Content

  • Times they are a changing
    July 23, 2012
    Construction in China still appears to be on course for growth even with the gloomy economic outlook, as it enjoys "a strong budgets position." Patrick Smith reports One thing is certain in the current global economic climate: nothing is certain. And while China has not been unaffected by the economic events of recent months it has, according to Robert Zoellinck, president of the World Bank, a very strong current account and budgetary position. For some years, the nation has enjoyed double digit growth (the
    Read More
  • Denmark concerned over rising cost of Fehmarn Belt Fixed Link
    February 19, 2015
    The Danish government is in talks with contractors over the latest rise in cost estimates for the proposed prestigious Fehmarn Belt Fixed Link between Denmark and Germany. Contractors have estimated an extra €295.5 million will be needed. This is in addition to a statement last November by the contracting company Femern saying that costs had risen nearly €900 million. The total rise price hike is nearly €1.2 billion. This puts the final cost of the 18km tunnel including two railway tunnels, two motorway tun
    Read More
  • Call for rising bitumen cost to be factored into highways contracts
    April 20, 2012
    Rising bitumen prices should be factored in more consistently when awarding highways contract tenders, according to Tarmac National Constructing (TNC). The near 60% bitumen price hike of the last two years, driven by a major decrease in European refinery production, is said by TNC to be making it “extremely difficult” for highways contractors to tender for work, as current price fluctuation mechanisms do not fairly compensate for significant extra input costs. TNC says that while the Highways Agency’s
    Read More
  • Turning the construction industry green
    May 12, 2023
    Green is good for industry – delivering sustainability can also help reduce costs for construction firms, ensuring better financial performance
    Read More

Highlighted Content