Turmoil and water stress create openings in Latin America
Market volatility, political changes, commodity prices, and water stress are "upending Latin America's municipal and industrial water landscape" according to a report by market analyst, Bluefield.Many global technology providers, system integrators, and investors are now lining up to seize on new opportunities prompted by "transformative events" in Brazil, Cuba, and Mexico said Bluefield in its Latin America Insight Service.
Over US$ 10 billion worth of municipal projects are under development through private
participation in Latin America, signaling reliance on private water players," said Bluefiled.
In Brazil, for example, the nation's water market is, according to Bluefield, consolidatiing amid current political crisis, weakening currency, and ongoing corruption investigations; Grupo Galvão's assets are amid a second auction attempt, while international investors are circling the remaining portfolios of Odebrecht Ambiental and OAS Saneamento.
And Bluefield said recent efforts by Cuba and the US to restore cordial relations have paved the way for a swathe of bids to address the need for over US$ 7 billion investment in Cuba's water infrastructure improvements.