You are currently browsing the tag archive for the ‘Natural Resources’ tag.
Development In Nicaragua: Civic Debates Mark Positive Sign
Development in Nicaragua is progressing rapidly, and, there are signs that reflect that growth. Yet, reservations about Daniel Ortega’s long term political ambition have led to trepidation for some investors looking at the future of Nicaragua. If you look closely at stories coming out of Managua, however, there are indicators that Ortega’s administration recognizes that a democratic approach is the ticket to economic gr.In a recent article, Jose Adan Silva writes about the conflict in Managua between the construction and real estate industry, and the future of the water supply. The article suggests that changes are on the horizon. Regardless which side you’re on, both sides are arguing for development.
Natural resource officials say that the 355 urban development projects that are under construction are excessively stressing the city’s water treatment infrastructure. City planners argue that, there needs to be a moratorium on building until suitable water treatment facilities are operating. The real estate and construction industry argue that, hundreds of millions of dollars and thousands of jobs are being infused into their city which is helping to buoy Managua out of poverty.
For the investor, the most positive note in Silva’s article comes from lawmaker, Agustin Anaya “an ally of the leftest governing Sandinista Front, who said, “the ban on housing construction is ‘healthy and commendable,’ but alternatives for the private investment projects affected by the measure should be explored.” Anaya goes on to say, “We should not be so drastic. Alternative solutions that seek to preserve water sources and that do not affect the country’s economic growth should be sought.”
Development in Nicaragua real estate, or Managua’s infrastructure, both sides have valid arguments. Each side believes their argument should be the priority. For the investor, both real estate and infrastructure have potential, because they are both signs that Nicaragua is moving in the right direction.
