2014-02-04 05:36:02 - Chile Infrastructure Report Q3 2013 - a new market research report on companiesandmarkets.com
Our core view for the Chilean construction industry forecasts the industry value to more than double between 2013 and 2022 and reaching US$47.4bn by the end of the forecast period. In addition to its overall stable business environment, supportive government and private attitude towards the infrastructure investment and a relatively developed mortgage market - driving residential construction - continue to propel Chile´s construction industry. In total, we forecast the sector to maintain an average annual growth of 5.5% y-o-y during the 10-year forecast period.
Key developments in the sector:
- Commitment to the Ports: The Chilean government has announced that it will build a new port in order to serve the country´s fifth region, reports Port Strategy. Traffic at Chilean ports is
expected to increase by 6% on an annual basis, thereby exhausting their existing capacity by 2025. The government intends to locate the new facility close to the ports of Quintero, San Antonio and Valparaiso. The new deep draught port is scheduled to commence operations by 2025.
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