Argentina Infrastructure Report Q1 2009

Market Overview..........................5
Argentina.........5
Global Overview.......................... 6
Mega-Urban Regions: Opportunities and Challenges For Infrastructure ...................... 7
Mega-Urban Regions: Investment Opportunities And Risks ............. 8
Table: The World’s 30 Largest Urban Agglomerations.................. 10
Table: The World's Richest Cities In 2020 By Gdp......................... 14
Table: The World's Fastest Growing Urban Areas......................... 16
Infrastructure SWOT............. 17
Argentina Political SWOT ................................. 18
Argentina Economic SWOT ............................... 18
Argentina Business Environment SWOT............ 19
Transport Infrastructure Overview........................20
New And Ongoing Projects........ 21
Airports................................. 21
Table: Airports ..................... 21
Ports ........ 21
Table: Ports .......................... 21
Road Networks...................... 22
Table: Roads And Bridges ................................. 22
Rail Networks ....................... 24
Table: Railway Networks...... 24
Energy and Utilities Infrastructure Overview......... 25
New and Ongoing Projects ........ 27
Power Plants and Transmission Grids............... 27
Table: Power Plants And Transmission Grids................................ 27
Pipelines ............................... 27
Table: Pipelines................... 27
Water ....... 28
Table: Water......................... 28
Construction Overview .............. 30
New And Ongoing Projects........ 31
Residential Construction....... 31
Table: Residential Construction ........................ 31
Commercial Construction.................................. 31
Table: Commercial Construction....................... 31
Tourism Construction ........... 32
Table: Tourism Construction............................. 32
Table: Argentina – Major Infrastructure Projects - Transport ....... 33
Table: Argentina - Major Infrastructure Projects – Utilities ........... 34
Table: Argentina Major Infrastructure Projects – Industrial Construction .................. 35
Industry Forecast Scenario .......36
Argentina’s Infrastructure Industry Forecast ................................. 36
Business Environment .............38
Regional Overview – Latin America ......................38
Latin America: Business Environment Rating......... 39
Table: Regional Infrastructure Business Environment Ratings....... 39
Limits Of Potential Returns................................ 40
Risk to Realisation of Returns............................ 40
Table: Design And Construction Rating ............ 43
Table: Commissioning And Operating Rating ................................ 44
Table: Overall Project Finance Rating.............. 46
Foreign Direct Investment ......... 47
Labour Force............................. 48
Legal Framework....................... 49
Tax Regime ................................ 50
Macroeconomic Outlook ...........51
Table: Argentina - Economic Activity ................ 52
Political Outlook........................53
Regional Energy Outlook........... 55
Company Monitor......................57
Skanska Latin America ......... 57
Roggio .................................. 59
Techint .................................. 61
Country Snapshot: Argentina Demographic Data ............................63
Section 1: Population............ 63
Table: Demographic Indicators, 2005-2030...... 64
Table: Rural/Urban Breakdown, 2005-2030 ..... 65
Section 2: Education And Healthcare................ 65
Table: Education .................. 65
Table: Life Expectancy, 2005-2030 ................... 65
Section 3: Labour Market And Spending Power ............................. 66
Table: Employment Indicators, 2001-2006........ 66
Table: Consumer Expenditure, 2000-2012 (US$) ........................... 66
Table: Average Annual Manufacturing Wages, 1995-2001 ............ 67
BMI Forecast Modelling............68
How We Generate Our Industry Forecasts...........68
Construction Industry ................ 69
Sources ......... 70
Business Environment................ 71
Ratings Overview....................... 72
Table: Infrastructure Business Environment Indicators ................. 73
Project Finance Ratings Methodology.................... 74
Operating Risks – Commercial Construction..... 76
Operating Risks – Energy and Utilities.............. 77
Operating Risks –Transport............................... 78