Crowley to invest $21M in Isla Grande port terminal
June 14, 2016
Crowley Puerto Rico Services announced Monday it is continuing to deliver on its commitment to Puerto Rico with the execution of an additional $21 million construction contract for improvements and upgrades at its Isla Grande port terminal in San Juan.
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Construction remains at lowest point in 10 years
November 30, 2015
Once a vigorous part of the economy, Puerto Rico's construction sector remains mired at its lowest point in more than a decade with little hope of improvement in the next year, when activity is expected to stay at its present level of under $2 billion, said a spokesman for the industry.
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Public school students learn about construction careers
April 29, 2015
The Associated General Contractors of America, Puerto Rico Chapter, in coordination with the Department of Education will conduct the annual closing of its “Build Up!” and “On Site!” programs May 12, when some 300 children and 50 adults from island public schools will gather.
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Ciudadela begins construction of $108M 3rd phase
March 11, 2015
With a $108 million investment, Nicholas Prouty, managing partner of Putnam Bridge, announced Tuesday the beginning of construction of Ciudadela’s third phase, which will include five towers, commercial spaces and private amenities for residents.
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Nat’l AGC Annual Convention to be held in P.R. in March
February 18, 2015
Under the slogan, "360 degrees of construction," the Associated General Contractors of America will hold its 96th annual convention for the first time in Puerto Rico, Mar. 18-20 at the Convention Center in Miramar.
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Economist: ’14 turbulent, but ’15 will be decisive for P.R.
February 17, 2015
The effects of the current administration’s value-added tax proposal as part of a sweeping tax overhaul and the “liquidity time bomb” of the Government Development Bank will make 2015 a “decisive year” for making harsh decisions, analyst firm H. Calero Consulting predicted in the latest edition of its publication “Compass.”
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New $19.4M construction project slated for Old San Juan
February 16, 2015
Old San Juan's urban topography is about to undergo a slight tweaking over the next couple of years.
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Housing sector, gov’t to pursue $400M in federal credits
November 25, 2014
Puerto Rico’s contractors, developers and representatives from the Housing Finance Authority will pursue some $400 million in federal credits available to build rental properties on the island.
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Gov’t: New construction boosting Puerto Rico’s economy
September 24, 2014
Several large-scale construction projects are expected to inject more than $1 million into the island’s economy, along with thousands of jobs, government officials said Tuesday.
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Ciudadela’s third phase to begin construction soon
September 19, 2014
Billionaire Nicholas Prouty's latest investment in Puerto Rico — the $108 million expansion of the Ciudadela housing and commercial complex in Santurce — will benefit from local tax incentives to achieve savings he plans to pass on to future buyers.
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Gov’t breaks ground on $16M ‘Sciences Boulevard’
June 2, 2014
Gov. Alejandro García-Padilla and U.S. Secretary of Transportation, Anthony Foxx jointly announced over the weekend the beginning of construction for the “Sciences Boulevard,” a $16 million project that will become the main artery in the Science City district.
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Lands Authority: ‘There’s plenty of land to be developed’
April 29, 2014
Puerto Rico Lands Authority Executive Director Luis Rivero-Cubano recently told members of the Associated General Contractors that there are plenty of business opportunities for the sector to develop residential, tourism and commercial properties throughout the island.
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Homebuilders: End of ‘Mi Casa Propia’ will hurt sector
April 10, 2014
The head of the Homebuilders Association, Roberto Trápaga, warned Wednesday that funds that fuel the successful “Mi Casa Propia,” a government assistance program that provides mortgage assistance to working people with limited resources, are practically tapped out.
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$350M mega-development complex slated for Guaynabo
March 27, 2014
A trio of public and private sector development projects — a housing development, a new connector road and office complexes, apartments, and additional stores — are in the pipeline for the town of Guaynabo at a cost of $350 million, Gov. Alejandro García-Padilla announced Wednesday.
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Governor creates construction industry advisory board
January 30, 2014
Gov. Alejandro García-Padilla signed an executive order Wednesday establishing a nine-member construction industry advisory board, at the behest of the sector, which seeks to work with the government to improve conditions to do business in Puerto Rico.
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