New York, 9 April 2021. As a result of the blockade, the construction sector continues to face serious difficulties in accessing more efficient and lighter construction technologies with lower consumption of basic materials and energy components. From April 2019 to March 2020, the effects are estimated at $ 238,180,000.
The main economic impact on this sector was recorded in the production interrupted due to fuel shortage in Cuba from the second half of 2019. The damage caused for this reason is particularly concentrated on the Construction Business Group (GECONS, by its Spanish acronym) and the Industrial Construction Business Group (GEICON).
GECONS recorded a loss of $ 165,500,000 resulting from the reduction of its fuel allocation as a consequence of the measures adopted by the US government to prevent the arrival of fuel in the country. This caused numerous problems to this entity, due to the low availability of energy carriers, which limited the production of goods and services and forced the adjustment of activity levels in several of the construction programs it develops. In addition, some of the services came to a standstill, mainly the Roads Program and the production of prefabricated concrete and ready-mixed concrete.
GEICON reported a loss of $ 43,200,000, a figure that exclusively responds to the fuel shortage faced by the entity. This had a negative impact on basic productions such as cement, aggregates, blocks, asphalt blankets, fiber cement tiles, wood and metal carpentry, as well as on the transportation of inputs and finished products, among others.
Permanent Mission of Cuba to the United Nations