In Brazil, construction activity declined 5.3% y-o-y over the first quarter of 2017 (the latest data available at the time of writing), as measured by real gross value added. As with elsewhere in the Latin America region, ongoing economic and political weakness has exacerbated the deteriorating business environment, weak investor confidence and reduced construction activity.
An equal stake joint venture of Royal Boskalis Westminster (Boskalis) and Belgium-based DEME has won a contract worth €110m for the capital and maintenance dredging of the Martín García channel.
Food and beverage company Nestlé and Cuban food enterprise Corporación Alimentaria (Coralsa) have begun construction of a food production plant in the Mariel Special Development Zone (ZEDM) in Cuba.
Enel Green Power Peru (EGPP), a subsidiary of Italian energy business Enel, has broken ground on its first wind farm in Peru.
Dubai-based business enabler DP World Group has started construction on the green field multi-purpose port in Posorja, Ecuador.
Italian construction firm Salini Impregilo has announced the start of $450m tunnel work in Buenos Aires, Argentina.
Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), the Mexican subsidiary of Sempra Energy, has secured a contract to build and operate the new liquid fuels terminal on the Mexican Gulf Coast.
Eiffage, via its subsidiaries Eiffage Concessions and Eiffage Energia, is set to construct the Huatacondo photovoltaic power plant in Chile’s Atacama desert.
McDermott International has secured an EPIC contract from BP Trinidad & Tobago for the Angelin gas field, located 25 miles off the east coast of Trinidad and Tobago.
Samsung C&T’s Trading and Investment Group and Korean Southern Power (KOSPO) have completed construction on the $600m Kelar gas-fired combined-cycle power plant in Mejillones, Chile.
French waste management firm Veolia has bagged a contract in Mexico City to design, build and operate the first waste-to-energy facility in Latin America.
The European Investment Bank (EIB) has agreed to provide $136m to finance the construction of a new Bus Rapid Transit (BRT) line in Managua, Nicaragua.
Italian turnkey contractor Saipem has secured a new EPCI contract for the SURF package of the planned Liza project, which is operated by Esso Exploration and Production Guyana, an affiliate of ExxonMobil.
Abertis, through its Brazilian subsidiary Arteris, has secured the concession for the management of the Rodovias dos Calçados (Itaparonga-Franca) for a 30-year period until 2047.
A consortium of FCC and Felguera IHI has been awarded a contract by Royal Vopak, a tank storage provider, to build an independent oil storage terminal in Bahía las Minas, Panama’s Atlantic coast.
Brazilian renewable energy firm Rio Energy has received R$848M ($270M) in financing to build eight wind farms in the Serra da Babilonia Complex in Bahia state.
A consortium led by Sacyr Industrial has bagged an engineering, procurement and construction (EPC) contract worth $241M for the construction of a new cement plant in Potosi, Bolivia.
French engineering and consulting group Systra has been appointed to design the first metro line in Bogotá, Colombia.
Royal Boskalis Westminster (Boskalis) along with its joint venture partner Van Oord has won a €110M dredging contract for the capital and maintenance dredging of the port of Santos [pictured] in Brazil.
Mainstream Renewable Power has received planning approval from Chile’s Environmental Assessment Service for its 245MW solar PV facility in Escondido, Chile.