In 2016 a large catch-up* in infrastructure investments is being confirmed by several Latin American countries, driven by the knowledge that economic growth relies heavily on quality infrastructure. The transport sector is going to firmly benefit from the expected increase in public and private funds. The continent being one of the most urbanized regions in the world, a large focus goes into urban rail projects: Mexico, Guatemala, Paraguay, Colombia, Chile, Brazil… are planning new projects for metro, light rail, high speed rail, monorail and passenger trains. One country is clearly taking the lead: Argentina.
Besides boosting its investment climate and PPP laws, Argentina made public the ambitious 8-year 14.187 m USD investment in Buenos Aires` commuter network. Related key projects are the city`s RER and tunneling of the Sarmiento line.
The Latin America Passenger Rail Expansion Summit will bring together local and international stakeholders, government officials, operators, developers, architects, consultants and equipment plus solution providers to discuss the current rail sector.
*300.000 m USD is what Latam should be investing annually, versus the 150.000 m USD spent annually on infrastructure in the previous 20 years.