Upcoming Infrastructure Projects in Colombia, Peru, and Panama Detailed Event Information For Upcoming Infrastructure Projects in Colombia, Peru, and Panama
Upcoming Infrastructure Projects in Colombia, Peru, and Panama -- Architectural/Constr./Engineering SVC, Airport/Ground Support Eq., Building Products, Construction Eq., Electrical Power Systems, Renewable Energy Eq., Railroad Eq., Security/Safety Eq., Telecommunications Eq., Water Resources Eq./Services
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Location/Date: Various, Colombia 05/17/2018 - 05/17/2018
Event Summary:
Colombia, Peru, and Panama all have serious infrastructure gaps, driving major public and private investments in infrastructure projects. The countries are looking for U.S. construction, engineering and technology companies to participate in the projects. The countries are some of the most stable, high-growth markets in the region. Each also has a free-trade agreement with the United States. These agreements have eliminated tariffs and non-tariff barriers, opened up public procurement processes to U.S. companies, and provide investor protections, making them especially attractive trade an investment destinations.

Infrastructure is expected to be one of Colombia's best performing sectors, with a forecast annual growth of 4.7% (2018-2026). The government's endorsement of the PPP model as a means of procuring infrastructure is supporting an active concessions market. Upcoming electrical infrastructure projects in Colombia include new opportunities in natural gas, grid-connected unconventional renewables (solar PV, geothermal, wind), and new electric power transmission projects.

Meanwhile Panamanian infrastructure investments continues to boost the economy with an estimated U$9.6 billion worth of projects in the pre-construction phases. Panama's electrical sector is expected to grow by 5.5 to 6.0% annually with an LNG terminal and a hydroelectric plant are under construction and plans to develop renewable energy projects.

Peru has a $120 billion infrastructure gap and has appropriated over $6 billion for reconstruction projects related to the 2017 El Nino natural disasters. The 2019 Pan American Games will be held in Lima, which will need to improve and construct facilities for the games.


Contacts:
Laura Gimenez, Panama City
Senior Commercial Officer
Phone: 011-507-317-5388
Laura.Gimenez@trade.gov
Diego Gattesco, Wheeling
Senior International Trade Specialist
Phone: 304 243 5493
Diego.Gattesco@trade.gov
Laura Krishnan, Latin America/Caribbean
International Trade Specialist
Phone: 202-482-4187
Laura.Krishnan@trade.gov

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