Business Monitor International


Central America Infrastructure Report

Published 13 March 2014

  • 112 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Central America Infrastructure Report

BMI View: We see high risks, small scale and limited growth opportunities across the region as a whole. A crucial factor underpinning our forecasts for infrastructure investments in future years is political risk. On the one hand there is Panama and Costa Rica, while on the other, characterised by high levels of violence and security threats, income and social inequality, pervasive corruption and divisive political environment, are El Salvador, Honduras, Guatemala and Nicaragua . Local and regional companies, as well as Chinese construction companies, will be most likely to benefit.

Central America presents a range of small scale opportunities across the infrastructure and wider construction sectors as infrastructure deficits across the region are addressed. However, it also poses significant risks. Home to deep-run corruption, high crime rates and unsophisticated institutions, the generally small industry sizes offer little to make those risks palatable. However, we do see sporadic growth opportunities, and highlight ports, airports, power and social infrastructure as the areas that could show the greatest pace of growth.

Panama, Costa Rica and Guatemala are the largest markets in terms of total construction industry value and this will remain the case to the end of our ten-year forecast period in 2023.

These opportunities are most likely to be picked up by a combination of smaller domestic players, regional players from Mexico and Brazil, Spanish companies which have a strong presence in the region already, and Chinese companies, which can provide their own financing and have higher tolerances for risks.

Broadly speaking, opportunities can be found across the region, with a handful of sectors having a positive medium-term growth outlook:

  • Public-Private Partnerships: A number of countries in the region are pursuing public-private partnerships (PPPs) to develop infrastructure. In addition to Guatemala, which established a PPP agency in November 2011 is...

Table of Contents

BMI Industry View
7
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Table: Central America - Construction And Infrastructure Industry Data, 2012-2017
11
Table: Central America - Construction And Infrastructure Long Term Forecasts, 2018-2023
12
Construction And Infrastructure Forecast Scenario
13
Transport Infrastructure - Outlook And Overview
21
Major Projects Table - Transport
28
Table: Major Projects - Transport
28
Energy And Utilities Infrastructure - Outlook And Overview
35
Energy And Utilities Infrastructure Outlook and Overview
35
Table: SIEPAC Details
41
Major Projects Table - Energy & Utilities
42
Table: Major Projects - Energy & Utilities
42
Residential/Non-Residential Building - Outlook And Overview
49
Residential/Non-Residential Building Outlook and Overview
49
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
55
Table: Major Projects - Construction And Social Infrastructure
55
Industry Risk/Reward Ratings
57
Central America - Infrastructure Risk/Reward Ratings
57
Rewards
57
Risks
58
Latin America - Infrastructure Risk/Reward Ratings
60
Table: Latin America Infrastructure Risk/Reward Ratings
69
Market Overview
70
Competitive Landscape
70
Company Profile
74
Constructora MECO (Costa Rica)
74
Global Infrastructure Overview
77
Africa In 2014: PPPs Cement Global Appeal
77
Asia-Pacific In 2014: Shaping Up To Be A Benign Year
82
Latin America In 2014: A Prosperous Year For Infrastructure Development
89
MENA In 2014: Reaping Rewards Despite Risks
93
North America And Europe In 2014: Turning A Corner
98
Methodology
105
Industry Forecast Methodology
105
Sector-Specific Methodology
106
Risk/Reward Rating Methodology
110
Sector-Specific Methodology
111
Table: Infrastructure Risk/Reward Rating Indicators
111
Table: Weighting Of Indicators
112

The Central America Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Central America Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Panamanian, Guatemalan, Nicaraguan, Salvadoran, Costa Rican, Belizean, Honduran infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Panama, Guatemala, Nicaragua, El Salvador, Costa Rica, Belize, Honduras to test other views - a key input for successful budgetary and planning in the Panamanian, Guatemalan, Nicaraguan, Salvadoran, Costa Rican, Belizean, Honduran infrastructure market.
  • Target business opportunities and risks in the Panamanian, Guatemalan, Nicaraguan, Salvadoran, Costa Rican, Belizean, Honduran infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Panama, Guatemala, Nicaragua, El Salvador, Costa Rica, Belize, Honduras.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Ratings

BMI's Infrastructure Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc