Business Monitor International


Chile Infrastructure Report

Published 19 February 2014

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

BMI View: We maintain our positive outlook on Chile's construction industry on the back of an investor-friendly business environment, political stability, and a strong pipeline of projects. Although we estimate a moderate slowdown in real growth for 2013 and 2014 to 4.7% and 5.6% respectively - compared to high 8.1% in 2012 - this is still a promising outlook. In addition, we expect the Chilean construction industry value to more than double in the next decade, reaching US$51.5 bn by the end of our forecast period in 2014- 2023 . There is a strong pipeline of infrastructure projects, particularly in the energy and utilities sector, as the mining industry continues to demand additional power and the country has a significant potential for renewable energy.

Key Trends And D evelopments

  • Robust investment in mining infrastructure: BHP Billiton and Rio Tinto have announced a US$3bn investment to build a new seawater desalination plant to support operations at Chile's biggest copper mine - Escondida. This investment shows the commitment of these mining giants to maintain and expand their presence in Chile. The construction of this project was awarded to Bechtel in December 2013.

  • In January 2014, OHL and Sacyr submitted the winning construction and concession proposal for the US$1.06bn Américo Vespucio Oriente (AVO) expressway project in Santiago. The project involves the construction and operation of 9.3km of an urban highway at a cost of US$970mn.

  • Renewables sector continues to expand: a US$1bn new solar power plant was awarded to Spanish firm Abengoa in January 2014. The 110MW Cerro Dominador CSP project will be in region II, in the Atacama desert. Once completed, the plant is designed to supply uninterrupted power 24 hours a day.

  • The unanimous passing by parliament of the upward revision to the country's renewable energy targets in September 2013 confirms our constructive view of the Chilean market. The bill indicates Chile will source 20%...

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Chile Construction And Infrastructure Industry Data
10
Table: Chile Construction And Infrastructure Long-Term Forecasts
12
Transport Infrastructure - Outlook And Overview
17
Major Projects Table - Transport
21
Table: Major Projects - Transport
21
Energy And Utilities Infrastructure - Outlook And Overview
28
Major Projects Table - Energy & Utilities
34
Table: Major Projects - Energy and Utilities
34
Residential/NonResidential Building - Outlook And Overview
42
Industry Risk Reward Ratings
47
Chile Risk/Reward Ratings
47
Rewards
47
Risks
48
Latin America - Infrastructure Risk/Reward Ratings
49
Table: Latin America Infrastructure Risk/Reward Ratings
58
Market Overview
59
Competitive Landscape
59
Table: EQS Data
59
Company Profile
62
Grupo ACS
62
Abertis
65
Global Infrastructure Overview
67
Africa In 2014: PPPs Cement Global Appeal
67
Asia-Pacific In 2014: Shaping Up To Be A Benign Year
72
Latin America In 2014: A Prosperous Year For Infrastructure Development
79
MENA In 2014: Reaping Rewards Despite Risks
82
North America And Europe In 2014: Turning A Corner
87
Methodology
94
Industry Forecast Methodology
94
Sector-Specific Methodology
95
Risk/Reward Rating Methodology
99
Sector-Specific Methodology
100
Table: Infrastructure Risk/Reward Rating Indicators
100
Table: Weighting Of Indicators
101

The Chile 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 Chile Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Chilean infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Chile to test other views - a key input for successful budgetary and planning in the Chilean infrastructure market.
  • Target business opportunities and risks in the Chilean infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Chile.
  • 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.

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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