Brazil Infrastructure Report Q2 2010

Executive Summary ..................................................5
SWOT Analysis..........................................................7
Brazil Infrastructure SWOT............................................................................................ 7
Brazil Infrastructure Project Finance SWOT.................................................................. 8
Brazil Economic SWOT .................................................................................................. 9
Brazil Political SWOT .................................................................................................. 10
Market Overview......................................................11
Brazil ........................................... 11
Industry Forecast Scenario .....................................14
Table: Economic and Construction Data...................................................................... 14
Construction and Infrastructure Forecast Scenario........................................................... 15
Transport Infrastructure .........................................17
Table: Transport Data .................................................................................................. 17
Transport Infrastructure Forecast Scenario ...................................................................... 18
Transport Infrastructure Overview.................................................................................... 19
Airports................................... 19
Roads...................................... 19
Ports ....................................... 20
Rail ......................................... 21
Major Projects – New and Ongoing Projects .................................................................... 23
Airports................................... 23
Ports And Waterways.............. 23
Road Networks........................ 28
Rail Networks ......................... 33
Major Projects Table – Transport ................................................................................ 39
Table: Major Projects - Transport................................................................................ 39
Energy and Utilities Infrastructure .........................44
Table: Energy and Utilities Data.................................................................................. 44
Energy and Utilities Infrastructure Forecast Scenario ...................................................... 45
Energy and Utilities Infrastructure Overview.................................................................... 46
Major Projects – New and Ongoing Projects .................................................................... 50
Power Plants And Transmission Grids ......................................................................... 50
Pipelines ................................. 56
Water Projects ........................ 56
Major Projects Table – Energy and Utilities ................................................................ 58
Table: Major Projects – Energy & Utilities.................................................................. 58
Business Environment ...........................................61
Brazil Business Environment ............................................................................................. 61
Limits Of Potential Returns........................................................................................... 61
Risks To Realisation Of Potential Returns .................................................................... 61
Regional Overview....................... 62
Latin America Business Environment Ratings .............................................................. 62
Table: Latin America - Business Environment Ratings................................................. 66
Project Finance Ratings .........................................67
Brazil Project Finance Ratings.......................................................................................... 67
Design and Construction .............................................................................................. 67
Commissioning and Operating ..................................................................................... 67
Overall Project Finance Rating.................................................................................... 68
Regional Overview....................... 68
Project Finance Ratings: Outlook For Americas.......................................................... 68
Table: Design and Construction Rating........................................................................ 70
Table: Commissioning and Operating Rating............................................................... 71
Table: Overall Project Finance Rating......................................................................... 73
Macroeconomic Outlook .........................................74
Table: Brazil - Economic Activity ................................................................................. 75
Political Outlook......................................................76
Company Monitor....................................................80
Grupo Camargo Corrêa ............................................................................................... 80
Odebrecht ............................... 84
Centrais Eletricas Brasileiras SA (Eletrobrás) ............................................................. 87
Global Overview ......................................................90
Global Infrastructure Forecasts Revisited .................................................................... 90
Methodology............................................................94
New Infrastructure Data Sub-sectors: Methodology.......................................................... 94
Infrastructure Forecasts: Methodology ........................................................................ 95
Sources ................................... 97
Industry Forecasts ....................... 97
Construction Industry ................................................................................................... 98
Data Methodology ....................... 98
Construction ........................... 98
Capital Investment .................. 99
Construction Sector Employment.................................................................................. 99
Infrastructure Business Environment Ratings.................................................................. 100
Ratings Overview.................. 100
Table: Infrastructure Business Environment Indicators ............................................. 101
Project Finance Ratings .................................................................................................. 102
Table: Design And Construction Phase ...................................................................... 103
Table: Commissioning And Operating Phase – Commercial Construction ................. 104
Table: Commissioning And Operating Phase – Energy And Utilities .......................... 105
Table: Commissioning And Operating Phase – Transport.......................................... 106
Sources ................................. 107