Business Monitor International


Ecuador Infrastructure Report

Published 27 February 2014

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

BMI View: As expected , after two years of double-digit growth in 2011 and 2012, a slowdown is on the cards in Ecuador's construction sector. We currently estimate real industry growth was a more modest 7.3% in 2013, and expect a rate of 6.1% in 2014. This decelerating trend is likely to continue over the medium term, as we forecast average annual growth of 4.3% between 2014 and 2018, which is lower than the hikes seen in recent years , but still strong. We believe a drop-off in government spending as a result of weakening oil revenue s is likely to put the brakes on infrastructure investment. Ecuador's persistently weak business environment and prohibitive financing conditions will continue to isolate the sector from private investment.

Key Trends And D evelopments

  • The deadline for the submission of technical and financial proposals for the construction of Quito metro Phase 2 has been extended to April 2014. The four consortiums that have prequalified in the bidding process for the project are Ansaldo-Impregilo-Herdoiza Crespo; Acciona-Odebrecht; Dragados-Construtora OAS-Hyundai Construction and OHL-Ingenieros Civiles Asociados. The winning consortium is expected to be announced at the end of May 2014, with the contract signing scheduled for June 2014.

  • The Ecuadorian government has announced that it has extended the deadline for the submission of pre-qualification bids for the expansion of the port until 28th February 2014. The US$300mn expansion will include repairs of two international terminals and the dock for the industrial fishing fleet. The 25-year concession also includes construction of 350 metres of new quay as well as building a new deep water container terminal to handle 600,000 TEUs per annum.

  • In the oil and gas sector, Ecuador has taken the first step to developing the controversial Ishpingo-Tambococha-Tiputini block by approving drilling on the 850mn barrel area which represents a considerable upside to our forecast. Production...

Table of Contents

BMI Industry View
5
SWOT
6
Industry Forecast
8
Construction And Infrastructure Forecast Scenario
8
Table: Ecuador Construction And Infrastructure Industry Data
8
Table: Ecuador Construction And Infrastructure Industry Data Long-Term Forecasts
9
Transport Infrastructure - Outlook And Overview
15
Table: Competitiveness Of Ecuador's Infrastructure
15
Major Projects Table - Transport
20
Table: Major Projects - Transport
20
Energy And Utilities Infrastructure - Outlook And Overview
22
Major Projects Table - Energy & Utilities
25
Table: Major Projects - Energy And Utilities
25
Residential/Non-Residential Building - Outlook And Overview
28
Table: Major Projects - Residential/Non-Residential Construction
30
Industry Risk Reward Ratings
31
Ecuador - Infrastructure Risk/Reward Ratings
31
Rewards
31
Risks
31
Latin America - Infrastructure Risk/Reward Ratings
32
Table: Latin America Infrastructure Risk/Reward Ratings
41
Market Overview
42
Competitive Landscape
42
Table: EQS Data
42
Company Profile
44
Isolux Cors-n
44
Semaica, Sevilla y Martinez
47
Global Infrastructure Overview
49
North America And Europe In 2014: Turning A Corner
49
Methodology
56
Industry Forecast Methodology
56
Sector-Specific Methodology
57
Risk/Reward Rating Methodology
61
Sector-Specific Methodology
62
Table: Infrastructure Risk/Reward Rating Indicators
62
Table: Weighting Of Indicators
63

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

Key Benefits

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