Fast Market Research recommends "Ecuador Infrastructure Report Q2 2014" from Business Monitor International, now available

Boston, MA -- (SBWire) -- 04/14/2014 --As expected, after two years of double-digit growth in 2011 and 2012, a slowdown is on the cards in Ecuador's construction sector. We currently estimate real industry growth was a more modest 7.3% in 2013, and expect a rate of 6.1% in 2014. This decelerating trend is likely to continue over the medium term, as we forecast average annual growth of 4.3% between 2014 and 2018, which is lower than the hikes seen in recent years, but still strong. We believe a drop-off in government spending as a result of weakening oil revenues is likely to put the brakes on infrastructure investment. Ecuador's persistently weak business environment and prohibitive financing conditions will continue to isolate the sector from private investment.

View Full Report Details and Table of Contents

Key Trends And Developments

- The deadline for the submission of technical and financial proposals for the construction of Quito metro Phase 2 has been extended to April 2014. The four consortiums that have prequalified in the bidding process for the project are Ansaldo-Impregilo-Herdoiza Crespo; Acciona-Odebrecht; Dragados- Construtora OAS-Hyundai Construction and OHL-Ingenieros Civiles Asociados. The winning consortium is expected to be announced at the end of May 2014, with the contract signing scheduled for June 2014.
- The Ecuadorian government has announced that it has extended the deadline for the submission of prequalification bids for the expansion of the port until 28th February 2014. The US$300mn expansion will include repairs of two international terminals and the dock for the industrial fishing fleet. The 25-year concession also includes construction of 350 metres of new quay as well as building a new deep water container terminal to handle 600,000 TEUs per annum.
- In the oil and gas sector, Ecuador has taken the first step to developing the controversial Ishpingo- Tambococha-Tiputini block by approving drilling on the 850mn barrel area which represents a considerable upside to our forecast. Production estimates for the field range up to 200,000b/d, which if achieved, will boost production in the country by almost 40%. It is estimated that US$3bn will be needed in the initial phases to bring the field into production.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Construction research reports at Fast Market Research

You may also be interested in these related reports:

- Mexico Infrastructure Report Q2 2014
- Brazil Infrastructure Report Q2 2014
- Indonesia Infrastructure Report Q2 2014
- Angola Infrastructure Report Q2 2014
- Poland Infrastructure Report Q2 2014
- China Infrastructure Report Q2 2014
- Cote d'Ivoire Infrastructure Report Q2 2014
- Iraq Infrastructure Report Q2 2014
- Cameroon Infrastructure Report Q2 2014
- United Kingdom Infrastructure Report Q2 2014