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Construction / Infrastructure in Americas

  • Brazil’s Andrade Gutierrez starts construction of dam in Mozambique

    BRAZIL, 2016/03/26 The construction of the Moamba Major dam, a project costing US$500 million that will supply electricity and water to Mozambique’s Maputo province, should start in May, the director of the project said Monday. Elias Paulo, cited by pan-African news agency APA, said the hydroelectric plant would take three years to build, and that the contractor was a consortium led by Brazilian group Andrade Gutierrez.

  • rban Regeneration Guayaquil Siglo XXI Foundation transforms the image of city

    ECUADOR, 2016/01/29

  • Peru moves to meet infrastructure shortfalls

    PERU, 2015/12/28 With falling prices for key mining and hydrocarbons exports weighing on GDP increase, Peru is sharpening its focus on public-private partnerships (PPPs) in a bid to reduce a long-standing deficit in infrastructure investment and build economic momentum. Growth is estimate to slow from 5.8% in 2013 to 2.4% in 2014 and 2015, according to IMF estimates, and is expected to make a modest recovery to 3.3% next year. As a net commodities exporter, Peru’s before increase forecasts were revised downwards, largely due to lower metal prices. Peruvian exports by price dropped by 19.7% in the third quarter of this year, according to government data, marking the sharpest decline since 2009. With insufficient public and private investment cited as an extra contributing factor to the IMF’s revised outlook, the government will be looking for infrastructure-focused PPPs to change the current economic narrative.

  • China to take part in construction of trans-ocean railway

    CHINA, 2015/05/20 The Chinese Prime Minister Li Keqiang, is expected to announce Tuesday in Brasilia Chinese participation in construction of the trans-ocean railway line linking the north-south line in Brazil to the Pacific coast in Peru, the Brazilian press reported. This project, which has an estimated cost of between US$4.5 billion and US$10 billion, is part of a series of cooperation projects in which the Chinese intend to invest about US$53 billion in its major trading partner in Latin America and worldwide. The trans-ocean railway will allow Brazil to export goods through the ports of the Pacific Ocean such as soybeans and iron ore, two of the major products it sells to China, reducing the costs of transportation.

  • Port of Nacala-a-Velha in 2015

    BRAZIL, 2014/03/16 Vale Moçambique plans to export its initial shipment of coal via the port of Nacala-a-Velha in 2015, and the test phase for exports is expected to begin in the final quarter of this year, said the company’s managing director, Ricardo Saad. The development project for the Port of Nacala-a-Velha and the Moatize-Nacala railway line, which is managed by Sociedade de Desenvolvimento do Corredor do Norte and owned by Vale Moçambique (80 %) and by port and rail manager Portos e Caminhos de Ferro de Moçambique (20 %), is due to be operational as of next year following investment of around US$4.5 billion.

  • Construction spending in the U.S. showed a modest increase

    UNITED STATES, 2014/03/05 Construction spending in the U.S. unexpectedly showed a modest increase in the month of January, according to a statement released by the Commerce Department on Monday. The statement said construction spending edged up 0.1 % to a seasonally adjusted annual rate of $943.1 billion in January from the revised December estimate of $941.9 billion. The modest increase came as a amaze to economists, who had been expecting construction spending to drop by about 0.5 %.

  • Construction spending in the U.S. rose

    UNITED STATES, 2013/10/23 Construction spending in the U.S. rose by additional than expected in the month of August, according to a statement released by the Commerce Department on Tuesday. The statement said construction spending rose 0.6 % to a seasonally adjusted annual rate of $915.1 billion in August from the revised July estimate of $909.4 billion. Economists had expected spending to increase by about 0.4 %. Additionally, construction spending for July was upwardly revised to show a 1.4 % increase compared to the before reported 0.6 % increase.

  • Banco Santander Chairman Emilio Botin to finance infrastructure projects in Brazil

    BRAZIL, 2013/09/17 We’re making a great effort both advising and financing. We want to show that we can finance infrastructure projects to the tune of 10 billion dollars, which is an significant sum in ports, highway, airports and railways”, said Botin. He added that Santander Brazil participates actively of the PAC, Brazil’s long term Plan to Accelerate Increase which is focused on infrastructure projects. “I’m very satisfied with the conference I had with the President; Brazil has consolidated as a regional and world power, with solid institutions and a consolidated economy”, added chairman Botin who praised Brazil’s macro-economic management.

  • Survey urges new strategies to address rapid urbanization

    EUROPE, 2013/07/04 A UN survey released on Tuesday in Geneva, says without fresh ideas to address rapid urbanization, the number of people living in slums lacking access to basic infrastructure and services such as sanitation, electricity and health care may skyrocket from one billion at present to three billion by 2050. The warning was contained in the UN World Economic and Social Survey 2013, which focuses this year on sustainable development and the challenges facing its economic, social and environmental dimensions. According to the survey, the vision of promoting economic and social well-being while protecting the environment had not been completed due to rising inequality, gaps and shortfalls in development partnerships, rapid people increase, climate change and environmental degradation.

  • President Enrique Pena Nieto

    MEXICO, 2013/06/12 The government of recently inaugurated President Enrique Pena Nieto is expected to release the 2013-18 National Infrastructure Programme (NIP) within a few months. This investment plan, which will continue along a path set by the ambitious 2007-12 NIP, is likely to provide a number of opportunities for local and international engineering and construction firms. In recent years, Mexico has invested heavily in upgrading and expanding its infrastructure. According to figures published by the Ministry of Finance and Public Credit, spending on infrastructure as a portion of GDP increased from 4.1% to 5% between 2007 and 2010.
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