PRLog (Press Release) – Apr 26, 2011 – Panama has overtaken Costa Rica in terms of Construction Industry Value this quarter rising to an estimated US$2bn for 2011. Overall there remains a wide spread in performance between the seven countries that comprise the region - Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. The largest, Panama has a Construction Industry valued at US$1.98bn compared with the smallest in Belize with a paltry US$0.07bn. The disparity between states is only set to grow further with the weakest performers barely changing over the forecast period while at the top Panama will more than double by 2014 to US$4.19bn.
Major regional infrastructure developments include:
* Construction work on the first metro line in Central America, the Consorcio Linea 1, in Panama City started in February 2011. The US$1.6bn line is scheduled to start commercial operations in 2014 and can carry 15,000 passengers in each direction every hour. Once completed, it will take 23 minutes to travel between the 13 stations from the San Miguelito municipality to the Albrook bus station. An international consortium comprising France's Alstom, Brazil's Norberto Odebrecht and Spain's Fomento de Construcciones y Contratas (FCC) is building the line. * US-based GTherm is negotiating with Instituto Costarricense de Electricidad (ICE) for the construction of a 12MW geothermal power project in Costa Rica, reports Central American Data. The negotiations are at an advanced stage according to Carlos Graffigna, president and partner of GTherm in Costa Rica. The project is expected to use a Single-Well Engineered Geothermal System (SWEGS), a closed-loop system that doesn't need a water reservoir. * We expect political risk in Central America to rise over the next 12 months, as electoral uncertainty aggravates existing tensions caused by gaping social divisions and spiralling levels of violence. In terms of electoral violence we believe Guatemala is most at risk, whereas Honduras faces the most serious threat of the type of social upheaval currently witnessed in North Africa. * We believe the plateau demonstrated by Panama and Costa Rica at the top of the table highlights the rising competitiveness of these markets and disparity with the rest of the region. There is fierce competition between states to attract a limited pool of capital and expertise. As a result of increasing openness to FDI, we find a plateau of near identical scores in Industry Risks. The implicatio Kenmore Bisque 15 inchi n is that further structural changes to the regulatory, legal or financing environment can present a significant competitive advantage that can make the market that implements them the regional outperformer.
For more information or to purchase this report, go
0 komentar:
Posting Komentar