November 1, 2009
by Dan ShiraiGovernments in Brazil, Mexico, Colombia and Peru, in particular, appear to be garnering political support for plans to extinguish domestic growth bottlenecks and plug their economies into a newly reoriented China-driven trade circuit. However, the financing crunch emanating from the US and Europe has thrown the process off course.Marquee projects have been substantially delayed, or outright waylaid by the tumult. Public works that suffered include follow-ups to the first Mexican FARAC tollroad concession, which have taken over a year to resurface, and the giant Punta Colonet port, which fell several rungs down the governments priority ladder last October. In addition, Colo
The crisis has thrown many essential long-term infrastructure projects for a loop. Despite this, higher quality projects have gotten done and the pipeline is creeping back to life.