BMI View: Latin America offers the potential for significant growth in contract opportunities, with a largepercentage of projects yet to enter the construction phase. The success of these projects though will dependon the region's ability to overcome high project development risks, especially given the region's growingreliance on private investment and PPPs.
Latin America Infrastructure Forecast
With projects worth a combined USD841.9bn in the pre-construction and construction phases logged inBMI's Infrastructure Key Projects Database, Latin America has a smaller project pipeline relative to thevalue of its construction industry compared to other regions. This project outlook underpins our regionalforecast for modest average construction sector growth of 2.1% over the next five years (2017-2021).