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The main developments in Argentina over the last quarter have been centred on utilities. The Inter- American Development Bank (IADB) approved a 25-year, US$300mn loan to fund a power transmission project in the country (December 2009). The loan will be used for completing the deployment of the 1,220km-long Norte Grande power transmission line. Earlier, in November, President Cristina Fernández, and the Brazilian president (Luiz Inácio Lula da Silva) entered into an agreement to form a joint venture for the construction of the Garabí dam. The hydro-electric project, with an installed capacity of 2.3GW, will be constructed on the Uruguay river.
The country's construction industry remains mired by the ongoing economic downturn. Construction activity in the country fell by 3.4% year-on-year (y-o-y) in November 2009, according to the national statistics agency, Indec. On a seasonally adjusted basis, meanwhile, construction was showed to be down by 0.5% y-o-y. There is no change to our core forecasts for Argentina’s construction industry for the second consecutive quarter. BMI estimates a contraction in the real value of the construction industry of 3.4% in 2009. We also continue to expect an even deeper contraction in 2010, owing to the structurally weak condition of Argentina’s economy and concerns about the viability of the government’s spending plans. Indeed, we anticipate a further downward plunge in real construction sector output in 2010, with - 5.3% growth forecast.
Argentina scores in the low to medium range in our Business Environment ratings, with an overall score of 47.1 out of 100. Four countries score higher in our index (Chile, Colombia, Brazil and Mexico), while only three countries are rated below Argentina. Argentina’s overall score is let down by significant constraints on the Limits to Potential Returns (for which it scores 41.7 out of 100), while it does moderately better (in absolute, but not relative terms) in Risks to the Realisation of Returns – where it scores 59.6 out of 100.
Overall, Argentina scores reasonably well for its Project Finance Ratings, sitting in third place in the region, with a score of 57.9 out of 100, behind Peru and Chile. The Commissioning and Operating rating helps to haul up the overall score, especially on a relative basis, as other countries in the region generally fare poorly for this category. However, the country is let down by some very low scores for the Design & Construction phase, particularly in terms of Inputs and Legal and Regulatory risks, with the current government having shown some worrying policy predilections.
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Browse All Business Monitor International Market Research Reports
The main developments in Argentina over the last quarter have been centred on utilities. The Inter- American Development Bank (IADB) approved a 25-year, US$300mn loan to fund a power transmission project in the country (December 2009). The loan will be used for completing the deployment of the 1,220km-long Norte Grande power transmission line. Earlier, in November, President Cristina Fernández, and the Brazilian president (Luiz Inácio Lula da Silva) entered into an agreement to form a joint venture for the construction of the Garabí dam. The hydro-electric project, with an installed capacity of 2.3GW, will be constructed on the Uruguay river.
The country's construction industry remains mired by the ongoing economic downturn. Construction activity in the country fell by 3.4% year-on-year (y-o-y) in November 2009, according to the national statistics agency, Indec. On a seasonally adjusted basis, meanwhile, construction was showed to be down by 0.5% y-o-y. There is no change to our core forecasts for Argentina’s construction industry for the second consecutive quarter. BMI estimates a contraction in the real value of the construction industry of 3.4% in 2009. We also continue to expect an even deeper contraction in 2010, owing to the structurally weak condition of Argentina’s economy and concerns about the viability of the government’s spending plans. Indeed, we anticipate a further downward plunge in real construction sector output in 2010, with - 5.3% growth forecast.
Argentina scores in the low to medium range in our Business Environment ratings, with an overall score of 47.1 out of 100. Four countries score higher in our index (Chile, Colombia, Brazil and Mexico), while only three countries are rated below Argentina. Argentina’s overall score is let down by significant constraints on the Limits to Potential Returns (for which it scores 41.7 out of 100), while it does moderately better (in absolute, but not relative terms) in Risks to the Realisation of Returns – where it scores 59.6 out of 100.
Overall, Argentina scores reasonably well for its Project Finance Ratings, sitting in third place in the region, with a score of 57.9 out of 100, behind Peru and Chile. The Commissioning and Operating rating helps to haul up the overall score, especially on a relative basis, as other countries in the region generally fare poorly for this category. However, the country is let down by some very low scores for the Design & Construction phase, particularly in terms of Inputs and Legal and Regulatory risks, with the current government having shown some worrying policy predilections.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
