WASHINGTON, DC, Mar. 12, 2009 -- CG/LA Infrastructure LLC, a world leader in strategic infrastructure project identification and development, released the list of the Top 100 Infrastructure Projects in Latin America. The total estimated value of the projects is $64.6 billion, equivalent to almost 2% of Latin American GDP, and total job creation is projected at 2.8 million. The Top 100 list was released ahead of the 7th Annual Latin American Leadership Forum (LALF7), which will take place in Houston, Texas, April 27-29.
>> Access the list of Top 100 Infrastructure Projects
According to Norman F. Anderson, President & CEO of CG/LA, these projects are critical to Latin America's future: "Investing in infrastructure is central to protecting the region's real economies from the financial crisis, seizing the 'opportunity in the crisis' to build productivity and competitiveness." According to Anderson, these countercyclical projects will double the region's investment in infrastructure, immediately creating needed new jobs throughout the region.
Strategic Infrastructure Projects: World class projects are drawn from eight infrastructure sectors, including top 5 projects in ports & logistics, oil & gas, water & wastewater, electricity generation, urban mass transit, digital infrastructure, new energy and highways. Projects are drawn from 12 countries, including the Panama Canal Expansion ($5.2 Bn); The Eastern Aqueduct in the Dominican Republic ($1 Bn); the Metropolitan Electric Train in Costa Rica ($520 MM); Sao Paulo's 'Metropolis' project (US$1.2 Bn); and the transformative Multimodal Corridor Mazatlan-Matamoros in Mexico ($1.4 Bn).
Regional Leadership: The audience consists of 600 leaders of the infrastructure community in the Americas, infrastructure executives from finance, policy, engineering/construction, and equipment/technology. Participating in the forum are prominent Latin American leaders including Alberto Aleman Zubieta, CEO of the Panama Canal Authority, Eddy Martinez, the Executive Director of the Dominican Republic's Infrastructure Cabinet, Ismael Hernandez, Governor of the state of Durango, and 50 of the region's project leaders. "As the global financial crisis expands to Latin America, these projects -- and the men and women who lead the infrastructure build -- will show the region the path out of the crisis, generating jobs and creating critical competitiveness for future generations," expressed Anderson. Top officials from the Andean Finance Corporation (CAF), the Inter-American Development Bank, the World Bank and the Export-Import Bank of the United States will participate -- catalyzing project development and finance.
The Future is Now! Each year the Americas comes together at the Leadership Forum, always in a different city, to prioritize, structure and finance critical projects. The Top 100 projects -- and the 50 projects selected for presentation at the Forum -- are Latin America's answer to the global financial crisis.
>> More information on the Leadership Forum
The LALF7 sponsors include: Platinum Sponsors the Andean Development Corporation (CAF, the Inter-American Development Bank, Bancolombia and Patriarch Partners. The Dominican Republic is the anchor Leadership Forum sponsor. Gold Sponsors include: Banco de Cordoba, CitiGroup, ESRI, MIGA-World Bank, Panalpina Group's Panprojects, CEI-RD, and the Dominican Republic's Secretariats of Tourism and Public Works. Aggreko is the LALF7 Silver Sponsor.
CG/LA Infrastructure LLC, based in Washington DC, focuses on creating opportunity in the global infrastructure marketplace by assisting countries, regions, and companies to become increasingly competitive in areas of strategic advantage.
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