Colombia`s infrastructure; one of Latin America`s worst
Colombia`s infrastructure; one of Latin America`s worst
Published On: Tue, Nov 5th, 2013
Economy / News Review | By Marcus Sales
Colombia’s infrastructure is one of the worst in Latin America, according to the World Economic Forum.
Of the top twelve economies in the region, Colombia has the tenth poorest provision of vital infrastructure; this, despite the promise by President Juan Manuel Santos to make the issue a priority of his administration.
In Santos`first year in office he created the National Infrastructure Agency (ANI) to push through the works identified as catalysts for economic growth.
Last week the president defended his track-record:
“In three years we have invested 22 billion peso ($11.7 million) in infrastructure development. That shows the magnitude of the efforts that we have made,” insisted Santos.
More:
http://www.colombia-politics.com/infrastructure-2/?utm_source=rss&utm_medium=rss&utm_campaign=infrastructure-2
= new reply since forum marked as read
It’s not just Brazil – Latin America’s infrastructure among the worst in the world
By Silvio Cascione
September 27, 2013
Brazil’s creaky network of roads and rails is once again in the spotlight after a much-awaited highway concession auction failed to draw any bids from private investors earlier this month.
The concession of the BR-262 highway was part of President Dilma Rousseff’s government 43 billion reais program to revamp the country’s roads. The stakes are high: without serious investment in infrastructure, Brazil risks a lost decade of mediocre economic growth — which would likely halt its recent progress in reducing economic inequality. A credit downgrade might be in the pipeline as well.
It’s easy to see why infrastructure is so key to Brazil with the following graphic prepared by HSBC with data by the World Economic Forum, which shows how far it lags behing other economies in that matter.
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Rousseff knows that, and tried to court Wall Street investors this week to make sure the other upcoming auctions don’t fail like the first one. If she and other Latin American leaders succeed in luring private investors, the best way to take direct advantage is not through shares of road operators, but rather by buying construction material suppliers, HSBC economists led by Ben Laidler said in their research note.
More:
http://blogs.reuters.com/macroscope/2013/09/27/its-not-just-brazil-latin-americas-infrastructure-among-the-worst-in-the-world/
