Costa Rica Infrastructure Report - Business Monitor International - Industry Reports

Costa Rica Infrastructure Report

Costa Rica Infrastructure Report - Business Monitor International - Industry Reports
Costa Rica Infrastructure Report
Published Sep 24, 2016
27 pages — Published Sep 24, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Council (CONAVI) announced that construction on a USD--mn access road (which it had previously stated it did not have the funds to build) to the new port facility would commence by October of this year. Another key infrastructure project we have previously highlighted, the USD---mn Route -- Highway Renovation and Expansion project which will connect Limon (where the new Port of Moin is located) with Rio Frio, secured clearance in May. ...Council (CONAVI) announced that construction on a USD--mn access road (which it had previously stated it did not have the funds to build) to the new port facility would commence by October of this year. Another key infrastructure project we have previously highlighted, the USD---mn Route -- Highway Renovation and Expansion project which will connect Limon (where the new Port of Moin is located) with Rio Frio, secured clearance in May. The project will receive -- of the required financing from the government of China, with the Chinese state-run construction company, China Harbour Engineering Company (CHEC), contracted to construct the project. ...The project will receive -- of the required financing from the government of China, with the Chinese state-run construction company, China Harbour Engineering Company (CHEC), contracted to construct the project. While this is a major development, we still note the potential for delays, given that the project has been surrounded in controversy, with the CHEC accused of fraud and its parent company currently on the World Bank s list of ineligible firms.

...GDP growth in Costa Rica has suffered on the back of a drop in investment, negatively impacting residential and non-residential construction (see Weak Investment Will Be The Main Drag On Growth , -- July ----). We estimate fixed capital formation growth y-o-y to have contracted in ----, and expect it to only pick up gradually in the coming years. ...We estimate fixed capital formation growth y-o-y to have contracted in ----, and expect it to only pick up gradually in the coming years. This steep drop in investment can be attributed to the decision by Intel to move its operations out of the country in ----, which contributed significantly to a --.- contraction in FDI net inflows in that year. The spill-over effects of this move are continuing to be felt as other companies rethink their strategies in the country and we expect the non-residential building sector to be the main victim in the construction industry as commercial and industrial site projects may be postponed or cancelled. ...This steep drop in investment can be attributed to the decision by Intel to move its operations out of the country in ----, which contributed significantly to a --.- contraction in FDI net inflows in that year. The spill-over effects of this move are continuing to be felt as other companies rethink their strategies in the country and we expect the non-residential building sector to be the main victim in the construction industry as commercial and industrial site projects may be postponed or cancelled.

...Project delays and slowing investment will weigh heavily on construction industry growth in ----, continuing a slowdown that has progressively worsened since the second half of ----. That said, Costa Rica has long had one of the most attractive investment environments in Central America, benefiting from relative security and political stability and we expect this to be maintained over the coming years. ...

  
Source:
Document ID
2396-9989
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Costa Rica Infrastructure Report" Sep 24, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Costa-Rica-Infrastructure-Report-2026-1916>
  
APA:
Business Monitor International - Industry Reports. (2016). Costa Rica Infrastructure Report Sep 24, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Costa-Rica-Infrastructure-Report-2026-1916>
  
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