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02-07-2009, 07:13 PM #1
Latin American Infrastructure: Changed Focus
http://www.latinbusinesschronicle.com/a ... px?id=3053
Latin Infrastructure: Changed Focus
IN: Experts see more urban transit projects in Latin America. Here the new Santo Domingo metro. (Photo: Dominican President's Office)
OUT? The Puerto Colonet port project is struggling. Here Mexican president Felipe Calderon looking over plans for the project last fall. (Mexican President's office)
The credit crunch will change the focus of Latin America's infrastructure projects, experts say.
BY CHRONICLE STAFF
Infrastructure investments in Latin America will shift from ports and roads to job-creating projects ranging from urban transportation to water, experts say. But, the region still needs to improve its transportation infrastructure, the top Fedex official in Latin America argues.
"There are a lot of projects on hold [and it's] impossible to get private sector finance," says Norman Anderson, president and CEO of CG/LA Infrastructure. “If projects are not already financed, it’s going to be rough going forward.â€I support enforcement and see its lack as bad for the 3rd World as well. Remittances are now mostly spent on consumption not production assets. Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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