Ecuador Infrastructure Report Q4 2014 - New Report Available

We maintain our construction industry growth forecast for Ecuador at 6.1% for 2014 and an average growth rate of 3.5% between 2015 and 2020, much lower than the double-digit growth seen in recent years. This deceleration comes on the back of a drop-off in government spending as a result of weakening oil revenue . This is exacerbated by Ecuador's persistently weak business environment and prohibitive financing conditions , which continue to isolate the infrastructure sector from private investment.

Key Trends And Developments

* While a number of factors have boosted prospects for Ecuador's construction industry over the medium term, weaknesses in the country's business environment will continue to present risks and cap growth. Chief among these will be financing.
* We believe Ecuador's infrastructure industry growth is highly unsustainable as it relies heavily on revenues from oil exports.
* Political risk will continue to provide cause for concern for investors in the country, with anti-democratic nuances and populist policies at odds with attracting international investment in infrastructure.
* Despite significant improvements, Ecuador's competitiveness is still weakened by its transport infrastructure. The roads, railways and ports, which are crucial to supporting the country's oil industry, need vast amounts of investment.
* In the oil and gas sector, Ecuador has taken the first step to develop 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 USD3bn will be needed in the initial phases to bring the field into production.

Full Report Details at
- http://www.fastmr.com/prod/872589_ecuador_infrastructure_report_q4_2014.aspx?afid=301

The Ecuador Infrastructure Report features Business Monitor International (BMI)'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 Ecuador Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Ecuadorian infrastructure and construction industry.

Key Benefits

* Benchmark BMI's independent infrastructure industry forecasts for Ecuador to test other views - a key input for successful budgetary and planning in the Ecuadorian infrastructure market.

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