Chile Infrastructure Report

Providing expert analysis, independent forecasts and competitive intelligence on the Infrastructure industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BMI's Infrastructure Risk Reward Index, Market Overview and Company Profiles.

Why you should buy this report

  • Gain independent insight into the outlook for the infrastructure industry through BMI's 10 year forecasts
  • Understand the market through analysis of projects , investment plans and key players
  • Understand the threats to your operations and investments and protect your company against future risks
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Chile Infrastructure Report
Product Price
$1,295.00

BMI View : We maintain our positive outlook for Chile's construction sector in 2016 as oil prices remain low and the country's macroeconomics strengthen. Growth in the industry will be driven primarily by investment in power plants and road infrastructure projects, with both sectors enjoying robust government support and a positive project finance outlook.

Latest Updates And Structural Trends

  • Chile is benefiting from weak oil prices as the country is a net hydrocarbon importer. Lower energy costs will increase investment in the infrastructure sector in the coming quarters.

  • A new infrastructure fund is to be approved in H116 and plans to create a concessions agency further support our positive outlook for the construction industry in Chile. Apart from encouraging infrastructure development, this fund has been created with the aim of incentivising economic growth and creating new jobs.

  • Road infrastructure and renewable energy projects will concentrate most of the investment in Chile's transport and power sectors. Despite the country's challenging geography the attractive business and project finance environment will see strong investor interest in road concessions. In turn, we expect strong growth in renewable energy infrastructure given the country's high potential for biomass, solar, wind, and marine power generation.

  • We expect growth in the non-residential sector to be driven by investment in hospitals and prison infrastructure. Despite severe delays in the implementation of projects, a robust project pipeline and strong government support will see the expansion of this sector which will, in turn, contribute to boosting construction industry growth in the country.

Infrastructure - Construction Industry Forecasts (Chile 2015-2021)
2015e 2016f 2017f 2018f 2019f 2020f 2021f
e/f = BMI estimate/forecast. Source: BCC, BMI
Construction industry value, CLPbn 11,371.91 12,196.83 13,064.72 13,861.72 14,781.74 15,762.51 16,652.04
Construction Industry Value, Real Growth, % y-o-y 2.12 3.45 3.92 3.40 3.64 3.57 2.90
Construction Industry Value, % of GDP 7.3 7.3 7.3 7.3 7.2 7.2 7.0

Risk/Reward Index

  • Chile ranks second highest in our Latin America regional RRI, after Colombia. Market-friendly policies and strong institutions have been the hallmark of the Chilean government, setting the benchmark for political stability in the region.

  • The risks of investing in Chile's infrastructure sector are minor compared to neighbouring countries. As such, the country scores almost double the regional average.

  • Chile's public-private partnership (PPP) and concession model is one of the most advanced in the region. This is reflected in the country's strong score for Industry Risks in our index.

Infrastructure Risk Reward Index (Chile)
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
Source: BMI
59.0 52.1 42.5 69.9 75.0 80.0 71.7
BMI Industry View
7
Table: Infrastructure - Construction Industry Forecasts (Chile 2015-2021)
7
Table: Infrastructure Risk Reward Index (Chile)
8
SWOT
9
Industry Forecast
11
Chile - Robust Project Finance Outlook To Boost Infrastructure Growth
11
Latest Updates
11
Table: Construction And Infrastructure Industry Data (Chile 2015-2025)
12
Structural Trends
12
Transport Infrastructure - Outlook And Overview
17
Structural Trends
17
Table: Key Transport Projects
22
Energy And Utilities Infrastructure - Outlook And Overview
23
Structural Trends
23
Table: Key Energy & Utilities Infrastructure Projects
29
Residential/NonResidential Building - Outlook And Overview
30
Latest Updates
30
Structural Trends
30
Table: Key Projects: Construction & Social Infrastructure
35
Industry Risk Reward Ratings
36
Chile Risk/Reward Index
36
Rewards
36
Risks
37
Latin America Industry Risk/Reward Index
38
Table: Latin America Infrastructure Risk/Reward Index
43
Market Overview
44
Competitive Landscape
44
Table: EQS Data
44
Company Profile
47
Grupo ACS
47
Abertis
50
Methodology
53
Industry Forecast Methodology
53
Sector-Specific Methodology
54
Risk/Reward Index Methodology
58
Sector-Specific Methodology
59
Table: Infrastructure Risk/Reward Index Indicators
59
Table: Weighting Of Indicators
60

The Chile Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Chile Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Chilean infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Chile to test other views - a key input for successful budgetary and planning in the Chilean infrastructure market.
  • Target business opportunities and risks in the Chilean infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Chile.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.