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Spanish construction company Sacyr has signed contracts for a total amount of nearly $110m (€100m) for its Rumichaca-Pasto and Montes de María fourth-generation (4G) highways in Colombia, South America.
The European Investment Bank (EIB), Inter-American Development Bank (IDB) and International Bank for Reconstruction and Development (IBRD) have signed financing agreements with Empresa Metro de Bogotá to part fund the construction of the capital’s first metro line.
A consortium formed by Spanish companies Abengoa and Acciona has signed a contract to complete the construction of the Cerro Dominador solar thermal plant in Chile.
Spanish company Sacyr Engineering and Infrastructure and Brazilian construction company Ferrera Guedes have won a contract from the State of Ceará’s Secretary for Infrastructure for the construction of Phase 1 of the Eastern Line of Fortaleza Metro in Brazil.
Ferrovial Agroman has won a €273m contract to build the Rutas del Loa road project in Atacama region in Chile.
Vinci Highways, a Vinci Concessions subsidiary, has opened section 2 of Lima’s main expressway in Peru. The company is the concession holder of the expressway until 2049.
Chilean company Trends Industrial and UAE-based Almar Water Solutions have signed a memorandum of understanding (MoU) to establish a $500m solar-powered desalination plant for the Atacama region in Chile.
Italian company Astaldi Group has secured two new construction contracts in Chile and Mexico. Astaldi will have a total share of €193m in the two contracts.
Brazilian companies Odebrecht Engineering & Construction and Petrocity Portos have signed a memorandum of understanding (MoU) to undertake engineering studies for the construction of Centro Portuário São Mateus (CPSM) port terminal in São Mateus city.
US-based Caesars Entertainment has announced plans to establish a non-gaming Caesars Palace resort on the coast of Puerto Los Cabos, Mexico.
Acciona Energia will build two photovoltaic plants and two wind farms in Chile, with a total capacity of 400MW and an investment of $600m, over three years.
A special purpose entity (SPE) led by Shandong KERUI Petroleum Equipment has signed an agreement with Brazilian Petroleum Corporation (Petrobras) to establish a $600m natural gas processing unit (UPGN) in Itaborai, Rio.
US-based Caddell Construction has broken ground on a $943.1m US Embassy building in the New Polanco district of Mexico City, Mexico.
Acciona Energia has begun construction on the Puerto Libertad photovoltaic complex, which is being developed in a joint venture with Tuto Energy in the Mexican state of Sonora.
Italian company Enel, through its renewable energy subsidiary Enel Green Power Mexico (EGPM), has begun construction on the 93MW Salitrillos wind farm in the north-eastern Mexican state of Tamaulipas.
Spanish company Fotowatio Renewable Ventures (FRV) has reached financial close for the 342MW dc Potosi Solar Farm in Mexico.
Sacyr, a construction and infrastructure company in Spain, has been awarded three new projects for the construction, rehabilitation and updating of different urban areas in Bogota.
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.
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