Public sector authorities are realizing that many times they are not ready to implement projects as P3s. They need more time to define their objectives and goals for the project, properly define the scope and phasing, and understand and fairly allocate risks between the public and private sectors.
As a result, a number of agencies are opting for or at least considering a different approach – engaging private-sector players earlier at a point more upstream in the planning process through what is known as a pre-development agreement (PDA).
Bechtel's Héctor L. García joined a panel of industry experts to discuss Latin America's significant infrastructure gap and uninterested financial lenders.
Following the September 2017 earthquake in Mexico, region experts consider if stronger building codes would have limited the number of damaged buildings.
Fixing environmental and health hazards in Ethiopia showed Bechtel the challenges of, and community opportunities to make life better for local residents.
Small businesses are an unmistakable engine of economic growth in Latin America, and a critical part of any international company’s supply chain when it works in the region.
Sustainable infrastructure is a confluence of ideas. It’s physical, eco-friendly, and smart. It seeks to minimize costs and maximize the use of resources. It’s also global.
Learn about successful infrastructure investment and management options.