Latin American Leadership Forum City | June 3–5, 2013

The Strategic 100 LA ’s Top 100 Infrastructure Projects - 2013

CG/LA Infrastructure assesses infrastructure projects throughout the world, through our annual lists of the Top 100 Global Projects, North American projects, and Latin American Projects. Each project is ranked along five separate criteria (our Latin American list is indexed below by sector followed by rank). The Strategic 100 LA list this year is worth $149.2 billion, and includes projects from 18 countries.

The Region Latin America is at a tipping point. On the one hand, the region continues to grow at a significant rate, creating even greater demand for infrastructure - in addition, greater repressed demand is compounded by the region’s long-term underinvestment in infrastructure. On the other hand, Latin America is investing less than its global competitors. Unless the region dramatically increases infrastructure investment, it will begin to lose global competitiveness, at velocity.

Growth for the entire region is set to average 3.5% this year, and is projected at 4.5% in 2014. The GDP star continues to be , projected to grow at 6.5% this year, followed by at 4.8%, and at 4.4%. , Mexico and , the largest economies in the region, will grow at 3.1%, 3.5% and 3.9% respectively.

This twenty-four month growth period is a unique window of opportunity to think through and develop a regional infrastructure initiative.

Bringing Projects Quickly to Life The key is to identify and prioritize the right projects - those that make a clear and unequivocal contribution to both a country’s long-term competitiveness and to immediate quality of life. Every project needs an elevator pitch, and that pitch has to be convincing. This is an area in which Latin America is weak (see the section on Vision), where there is an opportunity - and a necessity - to make a tremendous improvement.

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Note that this is the 11th edition of the ‘top’ projects in Latin America. The evolution of project demand, and the increased depth in capacity to execute on that demand, is extraordinary. In our first three years we identified the Top 25 projects in the region, and for the next couple of years we stretched to reach the Top 50 projects. Now there is no problem identifying 100 strong, strategic projects. The 2013 Strategic 100 LA list began in the 200+ project range, and shows a huge improvement in both the quality and quantity of projects.

The region’s overall goal needs to be a doubling of the size of infrastructure investment - within 24 months, and continuing for at least 10 years. This will require dramatically improved public sector performance and dramatically increased private sector participation to ensure that the right projects are built on time and on budget.

Improvements in two areas - grandly conceptual - can make all the difference:

1. Strategic Infrastructure. It is critical to place infrastructure decision-making and execution at the very pinnacle of a country’s national economic security plan. The idea of strategic infrastructure is fundamental. CIC#Brazil# 4.65% We can’t emphasize enough that infrastructure decisions - projects and Consensus%Vision% 10% 8% Public%Sector%Technical% programs - are high-level decisions taken for the sake of immediate and Local%equity%capacity% Capacity% 6% 5.7% long-term competitiveness, in a dynamically globalizing world economy. 5.35% 4% These are truly strategic economic decisions, in which a country is (a) 2% Public%Sector%Strategic% Local%EPC%firms% 0% Capacity% investing in order to generate increased wealth and improved quality of 6.9% life over a period of 40-50 years, and (b) betting on projects that - 4.85%

LongFterm%Project% Great%Projects% physically, financially, and in terms of management - become the Performance% 5.1% 5.7% building blocks for the next set of strategic choices and the next Leadership% generation of projects. 4.45%

So the decisions on infrastructure projects - which to prioritize, how to

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

build - are deeply strategic, and they determine not only an economy’s global competitiveness, but its very options for competitiveness.

2. The Role of Vision. Vision is the critical element in any serious modern infrastructure initiative - it is the single greatest reason for the failure of infrastructure initiatives in Latin America, and globally, and impacts directly the role of leadership.

Vision is critical for two reasons: first, a vision brings everyone together, it is a consensus view of - (a) how a country sees itself now, (b) how it wants to see itself in the future, and (c) how it plugs into the global economy, (d) how it competes, and (e) what it believes is CIC#Mexico#2013# needed to compete more successfully. A clear consensus vision is also 4.58% Consensus%Vision% necessary to allow countries to sustain infrastructure initiatives across 10% 8% %Public%Sector%Technical% Local%equity%capacity% Capacity% political administrations, a critical problem in twenty-first century 6% 5.75% democracies. 4% 5.35% 2% %Public%Sector%Strategic% Local%EPC%firms% 0% Note the difficulty that Brazil and Mexico currently have in building Capacity% 6.97% 4.86% infrastructure - and their very low vision scores in our annual Country

LongGterm%Project% Great%Projects% Infrastructure Competitiveness (CIC) survey. A ‘good enough’ score is Performance% 7.0, and Brazil’s score for 2013 is 4.65. Mexico’s vision scores are 4.7% 5.27% % also extremely low, just below Brazil’s scores, at 4.58. High-level Leadership%4.88% politicians spend little time on this issue.

But there is a crucial difference at this time: Brazil is nearing the end of President Rousseff’s term in office, whereas Mexico is beginning a presidential term. This is the time to present a vision, and to build consensus around that vision - something that only Chile has done in Latin America over the last generation.

The Strategic 100 LA for 2013 The infrastructure projects in this year’s Strategic 100 LA highlight projects that are critical for the future of the region -- and that will, in fact, define the region for the next generation. The total value of these projects is just over $149.2 Billion, almost double what the region spends on infrastructure each year. Note that projects are executed over a period averaging 4-5 years, and that the vast majority of projects on our list are new project opportunities planned for the next 3-12 months.

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Country Project Name Value Project Sponsor Stage Sector Sub-sector 1 Sub-sector 2 US$M

Brazil Sinop Hydro $1,000 EPE Bidding Electricity Generation Hydroelectric

Chile Pozo Almonte Solar 2 $87 Solarpack Bidding Electricity Generation Renewables Solar

Costa Rica Reventazón $1,200 ICE Financial Electricity Generation Hydroelectric Hydroelectric Plant Closure

Brazil North-Southeast $3,000 EPE Bidding Electricity Transmission Network Expansion

Brazil North-Northeast $900 EPE Bidding Electricity Transmission Network Expansion

Chile Alto Maipo Hydro $1,400 AES Gener Construction / Electricity Generation Hydroelectric Procurement

Ecuador Hidroelectrica Coca $1,682 Ministerio de Electricidad y Construction / Electricity Generation Hydroelectric Codo Sinclair Energias Renovables Procurement

Ecuador Hidroelectrica Toachi $520 Ministerio de Electricidad y Financial Electricity Generation Hydroelectric Pilaton Energias Renovables Closure

Guatemala Strategic Expansion $218 Comisión Nacional de Bidding Electricity Distribution of the National Energía Eléctrica (CNEE) Electric System

Mexico 480MW Las Cruces $750 CFE Feasibility Electricity Generation Hydroelectric

Brazil São Manoel Hydro $1,200 EPE Bidding Electricity Generation Hydroelectric

Brazil Apertados Hydro $520 EPE Bidding Electricity Generation Hydroelectric

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Country Project Name Value Project Sponsor Stage Sector Sub-sector 1 Sub-sector 2 US$M

Chile Parque Fotovoltaico $572 AES Gener Feasibility Electricity Generation Renewables Solar Los Andes

Mexico 420MW Tenosique $545 CFE Bidding Electricity Generation Hydroelectric

Peru L.T. Mantaro - $372 Proinversion RFP/ RFQ Electricity Transmission 500KV Marcona - Socabaya - Montalvo 500KV

Chile Parque Eolico Loa $932 Ibereolica Feasibility Electricity Generation Renewables Eolic

Mexico SolMex Energy 450 $1,400 Grupo Musa/Synergy Financial Electricity Generation Renewables Solar Project Technologies Closure

Mexico Centro Morelos 660 $627 Federal Government Feasibility Electricity Distribution MW Electric Plant

Argentina 500 Kv Transmission $550 Ministry of Federal Planning Construction / Electricity Transmission 500Kv Line Pico Truncado- Procurement Rio Turbio-Rio Gallegos-Calafate

Mexico Refineria del $11,600 Pemex Construction / Oil & Gas Refineries Bicentenario Procurement

Peru Mass Use of Natural $300 Proinversión RFP/ RFQ Oil & Gas Pipelines Gas Gas Nationwide

Argentina Northeast Gas $1,640 Enarsa (Argentina) and Bidding Oil & Gas Pipelines Gas Pipeline YBFB (Bolivia)

Mexico Gaseoducto Encino - $1,000 CFE RFP/ RFQ Oil & Gas Pipelines Gas Topolobampo

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Country Project Name Value Project Sponsor Stage Sector Sub-sector 1 Sub-sector 2 US$M

Colombia Barrancabermeja $1,023 Ecopetrol RFP/ RFQ Oil & Gas Refineries Refinery Upgrade

Mexico Gasoducto Sásabe- $569 CFE RFP/ RFQ Oil & Gas Pipelines Gas Guaymas

Uruguay LNG Plant Punta $400 Uruguay XXI (Agency of RFP/ RFQ Oil & Gas LNG Sayago Promotion of Exports and Investment in Uruguay)

Brazil São Paulo Rail $2,400 ANTT RFP/ RFQ Transport Freight Rail Beltway (“Ferroanel”)

Colombia Puerto Buenaventura $450 Sociedad Portuaria Regional RFP/ RFQ Transport Freight Ports de Buenaventura

Colombia Autopista Bogota- $1,098 ANI RFP/ RFQ Transport Surface Highways Villavicencio quadruplication

Mexico New Airport for $4,500 SCT Feasibility Transport Airports Mexico City

Brazil Rio-Sao Paulo- $17,700 Agência Nacional de Bidding Transport Mass Transit High Speed Rail Campinas High Transportes Terrestres Speed Rail (TAV)

Brazil Galeao Airport $3,500 Department of Civil Aviation Bidding Transport Airports Concession

Colombia Ferrocarril del Pacifico $500 ANI Feasibility Transport Freight Rail

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Country Project Name Value Project Sponsor Stage Sector Sub-sector 1 Sub-sector 2 US$M

Brazil Itaqui Port $3,200 EMAP Empresa Bidding Transport Freight Ports Concession Maranhense de Adimistracao Portuaria

Brazil Salvador - Recife Rail $5,315 Valec Bidding Transport Freight Rail

Chile Autopista Américo $1,900 Ministerio de Obras RFP/ RFQ Transport Surface Highways Vespucio Oriente Publicas/ Ministry of Public Works

Colombia Aeropuerto $150 ANI Feasibility Transport Airports Barranquilla

Colombia Tren de Cercanias $1,100 Gobernación de Feasibility Transport Mass Transit Light Rail Bogota Cundinamarca

Mexico Port of Veracruz $3,000 APIVER (Administracion Feasibility Transport Freight Container Port Expansion Portuaria de Veracruz) - Port Administration of Veracruz

Mexico Suburban Train- Lines $4,000 Federal Govt Feasibility Transport Mass Transit Light Rail 2 & 3, Mexico Valley

Mexico Ciudad Del Carmen $136 Pemex Feasibility Transport Freight Ports

Panama Metro Line 2 $1,900 Secretaria del Metro, RFP/ RFQ Transport Mass Transit Metro Government of Panama

Brazil Belo Horizonte North $2,500 Minas Gerais PPP Unit RFP/ RFQ Transport Surface Highways Beltway

Brazil Manaos Container $228 Agencia Nacional de Bidding Transport Freight Ports Port Transportes Aquaviarios - ANTAQ

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Country Project Name Value Project Sponsor Stage Sector Sub-sector 1 Sub-sector 2 US$M

Brazil Paranagua Port $200 TCP (Terminal de Bidding Transport Freight Ports Concession Contêineres de Paranaguá,

Chile Autopista Costanera $1,910 Ministerio de Obras Bidding Transport Surface Highways Central Publicas/ Ministry of Public Works

Colombia Highways for $8,500 National Infrastructure RFP/ RFQ Transport Surface Highways Prosperity Agency ANI

Colombia Cali Airport $65 Aerocali Bidding Transport Airports

Mexico Conclusion de la $250 Federal Government Construction / Transport Surface Highways carretera Durango- Procurement Mazatlan

Mexico Passenger Train Line $1,500 SCT Feasibility Transport Mass Transit Light Rail Mexico City-Toluca

Mexico Port of Alta Mira $80 Pemex Feasibility Transport Freight Ports

Uruguay Rocha Deep Water $1,000 MTOP/ANP Feasibility Transport Freight Ports Port

Brazil BR - 040 DF/MG $1,900 ANTT Bidding Transport Surface Highways

Brazil Regional & $1,000 Minas Gerais PPP Unit RFP/ RFQ Transport Mass Transit Commuter Metropolitan Passenger Rail Project

Brazil Imbituba Santa 222 National Logistics & Bidding Transport Freight Ports Catharina Container Planning Company (EPL) Port

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Country Project Name Value Project Sponsor Stage Sector Sub-sector 1 Sub-sector 2 US$M

Colombia Green Corridor $400 Gerencia de Gestión e Design Transport Surface Urban Highways Innovación de Proyectos (GIP)

Colombia Mulalo- Loboguerro, $816 ANI RFP/ RFQ Transport Surface Highways Cali- Dagualoboguerro Highway

Costa Rica Moin Container $992 Government of Costa Rica Construction / Transport Freight Container Port Terminal (TCM) Procurement

Haiti Container Terminal $150 Varreux Terminal Design Transport Freight Container Port Port au Prince

Honduras Villa San Antonio- $150 BCIE Bidding Transport Surface Highways Goascorán Highway

Mexico Freight Rail between $2,583 Federal Govt Feasibility Transport Freight Rail Mexico City and Querétaro

Mexico Trans-peninsular Train $887 Federal Government Feasibility Transport Freight Rail

Mexico Tren Electrico de la $114 SITEUR Design Transport Mass Transit Rail Zona Metropolitana de Guadalajara

Mexico Manzanillo Container $221 SCT - Port Authority of Construction / Transport Freight Container Port Terminal Manzanillo Procurement

Mexico Dos Bocas Port $60 Pemex Feasibility Transport Freight Ports

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Country Project Name Value Project Sponsor Stage Sector Sub-sector 1 Sub-sector 2 US$M

Panama Road Realignment $700 Ministry of Public Works Construction / Transport Surface Highways Masterplan Procurement

Peru Lima-Callao Electric $3,000 Proinversión Feasibility Transport Mass Transit Metro Mass Transportation System - Line 2

Peru New International $420 Proinversion RFP/ RFQ Transport Airports Airport Chinchero- Cusco

Chile Re-tender of AMB $500 Ministerio de Obras Bidding Transport Airports International Airport in Publicas/ Ministry of Public Santiago Works

Chile Metro Line 6 and 3 $1,036 Metro Santiago Construction / Transport Mass Transit Metro Procurement

Guatemala Sistema Nacional $70 Ferrocarriles de Guatemala Bidding Transport Mass Transit Light Rail Ferroviario: 1 Fase, Tren de Cercanías

Guatemala Terminal de Granel $20 EMPORNAC – Empresa Bidding Transport Freight Ports Puerto Santo Tomás Portuaria Nacional Santo Castilla - Atlántico Tomás de Castilla

Haiti Quiskeya Free Zone $120 Quisqueya Development Design Transport Freight Ports Corporation

Honduras Expansion and $159 Aeropuertos de Honduras/ Construction / Transport Airports Modernization of Port COALIANZA Procurement of Cortez

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Country Project Name Value Project Sponsor Stage Sector Sub-sector 1 Sub-sector 2 US$M

Jamaica Kingston Port $780 Port Authority of Jaimaica RFP/ RFQ Transport Freight Container Port Expansion

Mexico Lazaro Cardenas Port $900 Michoacan Government Construction / Transport Freight Ports Terminal 2 Procurement Concession

Uruguay Corridor 21-24 $200 MTOP/CND RFP/ RFQ Transport Surface Highways

Bolivia Binacional Bridge $150 IIRSA- BID and Gov. Feasibility Transport Surface Bridge over Mamore River

Brazil BR -116 MG $1,700 ANTT Bidding Transport Surface Highways

Brazil Confins Airport $2,500 Department of Civil Aviation Bidding Transport Airports Concession

Chile Chacao Bridge $750 Ministry of Public Works - RFP/ RFQ Transport Surface Bridge MOP

Mexico Linea 3 del Metro de $470 SCT - Sistema de Feasibility Transport Mass Transit Metro Monterrey Transporte Colectivo

Mexico Eje Carretero Tuxpan $950 SCT Feasibility Transport Surface Highways - Matamoros

Panama Cinta Costera Beltway $58 Ministry of Public Works Design Transport Surface Highways Phase III (MOP)

Guatemala Circunvalación $25 Ministerio Comunicaciones - Bidding Transport Surface Highways Pacifico Atlántico MICIVI

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Country Project Name Value Project Sponsor Stage Sector Sub-sector 1 Sub-sector 2 US$M

Ecuador Metro Phase II $1,500 Empresa Pública RFP/ RFQ Transport Mass Transit Metro Metropolitana Metro de Quito

Dominican Boca Chavon Port $225 CEI-RD Design Transport Freight Ports Republic

Paraguay Silvio Pettirossi & $125 City of Asuncion and Bidding Transport Airports Guarani Airports Ministry of Public Works and Modernization & Communication Operation Concessions

Dominican Santo Domingo $349 CEI-RD Feasibility Transport Surface Urban Highways Republic Transportation Corridor

Brazil Waste Water $200 Governo do Estado do Bidding Water Waste Water Treatment Expansion Espírito Santo and Concession Espiritu Santo

Chile Aquatacama $15,000 Vinci Feasibility Water Water Transport

Brazil Clean Warer $230 COPASA Bidding Water Potable Water Concession for Rio Manso, MG

Mexico Cutzamala Water $403 Conagua Bidding Water Potable Water Distribution Line #3

Peru Provisur Desalination $110 ProInversion RFP/ RFQ Water Desalination Project

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum Mexico City | June 3–5, 2013

Country Project Name Value Project Sponsor Stage Sector Sub-sector 1 Sub-sector 2 US$M

Brazil Belo Horizonte $300 Aja Brasil/ Minas Gerais RFP/ RFQ Water Waste Water Metropolitan Area PPP Unit Solid Waste Management Plant

Brazil Northern Minas $4,000 Minas Gerais PPP Unit RFP/ RFQ Water Waste Water Gerais Water & Sewage Project

Mexico Replacement Tunnel $64 Federal Government Feasibility Water Potable Water for the “Gran Canal”

Trinidad & Construction of Two $546 Water and Sewage Authority Financial Water Waste Water Tobago Wastewater - WASA Closure Treatment Plants

Ecuador Plantas de $353 Empresa Publica Feasibility Water Waste Water Tratamiento de Aguas Metropolitana de Agua Residuales Potable y Saneamiento (Emaap-Q)

Mexico Valsequillo Lake $700 Secretaría de Desarollo Feasibility Water Irrigation Clean-up Project Urbano y Obras Públicas

CG/LA Infrastructure Inc Preliminary Release: April 24, 2013 Latin American Leadership Forum +6/Fţ  Mexico City | June 3–5, 2013 .FYJDP$JUZ

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CG/LA Infrastructure Inc Preliminary Release: April 24, 2013