Brazil Infrastructure Report Q3 2009

Executive Summary .............5
Market Overview...................7
Brazil ............ 7
Global Overview ...................9
Governments To The Rescue: The Global Surge In Infrastructure Spending....................... 9
Table: Infrastructure Stimulus Plans List ................................ 10
SWOT Analysis...................16
Brazil Infrastructure SWOT............ 16
Brazil Political SWOT .................... 17
Brazil Economic SWOT .................. 18
Brazil Business Environment SWOT........................................ 19
Major Infrastructure Developments And Key Projects......................................20
Transport Infrastructure Overview...... 20
Airports........................................... 20
Roads..... 20
Ports ...... 21
Rail ........ 21
New And Ongoing Projects............. 22
Airports........................................... 22
Ports And Waterways...................... 24
Road Networks................................ 28
Rail Networks ................................. 33
Table: Brazil Major Infrastructure Projects – Transport......... 36
Energy And Utilities Infrastructure Overview............................... 39
New And Ongoing Projects............. 41
Power Plants And Transmission Grids .................................... 41
Pipelines ......................................... 45
Water Projects ................................ 46
Table: Brazil Major Projects – Utilities................................... 50
Construction Overview ........................ 52
New And Ongoing Projects............. 53
Residential Construction................. 53
Commercial Construction............... 54
Industrial Construction................... 54
Table: Brazil Major Infrastructure Projects – Construction.... 55
Industry Forecast Scenario .........................................56
Table: Economic and Construction Data................................. 56
Business Environment ......59
Regional Overview – Latin America .... 59
Table: Americas Regional Infrastructure Business Environment Ratings.......................... 62
Limits Of Potential Returns.................. 62
Risks To Realisation Of Potential Returns ............................... 63
Project Finance Ratings: Outlook For Americas.......................... 64
Table: Design And Construction Rating .................................. 66
Table: Commissioning And Operating Rating ......................... 68
Table: Overall Project Finance Rating.................................... 70
Foreign Direct Investment .............. 70
Labour Force.................................. 71
Legal Framework............................ 72
Tax Regime ..................................... 72
Macroeconomic Outlook ....74
Table: Brazil – Economic Activity ........................................... 76
Political Outlook.................77
Company Monitor...............80
Grupo Camargo Corrêa ................. 80
Construtora Norberto Odebrecht.... 83
Centrais Eletricas Brasileiras SA (Eletrobrás) ........................ 85
BMI Forecast Modelling.....88
How We Generate Our Industry Forecasts ................................... 88
Construction Industry ..................... 89
Sources ....... 89
Business Environment Ratings............. 90
Ratings Overview................................. 90
Table: Infrastructure Business Environment Indicators .......... 91
Project Finance Ratings Methodology.......................................... 92
Design And Construction Phase ..... 93
Historical Data & Forecasts........... 94
Commissioning and Operating Phase- Commercial Construction.................................... 94
Commissioning and Operating Phase – Energy and Utilities ... 96
Commissioning and Operating Phase – Transport .................. 98