Colombia Infrastructure Report Q2 2014
We remain optimistic towards the construction industry in Colombia in the short to medium term. As such, we forecast solid 8.4% real growth in 2014, when we expect the awarding of large infrastructure projects to take place. This positive outlook is supported by an improving business environment and a strong pipeline of projects, particularly in the transport sector - which continues to represent the highest proportion of infrastructure projects - and the energy and utilities infrastructure segment. Strong growth in 2014 is a continuation of a trend that emerged in 2013, when the industry experienced double-digit growth estimated at 10.5%.