Infrastructure Investors Forum: Latin America

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Agenda

  • 10:00

    Opening Remarks

  • 10:05

    Opening keynote: Latin America macro-economic overview

    In this opening session, the keynote will present an overview of macroeconomic trends and developments in Latin America and forecast for 2021 and beyond.  

    • How have the Latin American financial markets weathered the crisis?   
    • What will trade look like in 2021 and how can LatAm benefit?   
    • Where are investments most needed as the region looks to a recovery?  
  • 10:20

    Panel discussion: Outlook in Latin America

    Despite suffering from COVID-19, business in Latin American infrastructure rebounded in the third quarter of 2020, bringing much needed relief to the private finance sector. Brazil, which remains the most active part of the region, reported (105) deals in 3Q20, compared to the 102 transactions booked in 3Q19. Panellists will exchange views on the overall environment in Latin America, and the opportunities and challenges that investors are facing within the region.  

    • Which sectors proved most resilient in the region and why?   
    • What infrastructure should be prioritised to help boost local economies?   
    • How have Latin American corporates fared during the crisis?  
  • 11:00

    Panel discussion: Renewables – what are the best countries to invest in?

    Panellists will analyse which Latin American countries investors prefer to invest in and why.  

    Liquidity in the market and renewable projects in Latin America are creating a lot of appetite among investors. Latin American countries used to be considered too small for investments, but the consolidation and improvement of the scale of clean energy projects is creating more opportunities. 

    Brazil and Colombia are the countries that investors are looking at with close interest regarding renewables energy market.  

    Colombia has replaced Mexico in terms of attractiveness for investors.  

    Brazil has good renewable resources, there is availability of local debt, and it is a growing market.   

    The Mexican policy situation in the renewables energy sector is concerning. It garners less investments, thus creating a negative spiral. It is also the only country globally going against the drive towards renewable energy.  

    • Will Latin America see subsidy-free renewable projects?   
    • Now that the first wave of projects has been completed, where to now for renewables in the region?  
    • What can asset managers do to maximise the profitability of their investments?   
  • 11:40

    Networking break

  • 12:00

    Presentation: The 5G plan in Colombia

    The Colombian government’s launch of the 5G concession plan is an opportunity to reinforce the Colombian economy.   

    The first part of Colombia's Fifth Generation (5G) program will include 20 projects with an estimated capex of COP 36.7trn (USD 9bn).  

    The 5G infrastructure plan's first waves will comprise ten highways, three waterway projects, one rail development and six airports concessions.  

    The first project tendered was the Accesos Cali-Palmira road network, for which ANI published the pre-tender documents in April 2020. Additionally, around 35% of toll revenues generated by the Accesos Cali-Palmira road network will be destinated to the Buga-Loboguerrero and Loboguerrero-Buenaventura concessionaires.  

    Highway concessionaires will rely on different types of payment mechanisms depending on the project.   

    The 5G plan will include additional projects to be tendered in 2022 and 2023. And it differs from the previous “generation plans” launched by ANI, whose focus was entirely on road corridors.   

    This session will explore the 5G infrastructure plans in details, their challenges and improvements compared to previous 4G plans.  

  • 12:20

    Panel discussion: Transportation plans and best strategies

    Panelists will discuss infrastructure investment plan in Latin America after the pandemic, investors’ strategy and what this means for concessionaires and toll road operators.  

    Brazil’s Investment Partnerships Program (PPI) – the country’s headline infrastructure plan – currently has 20 highway projects in a growing portfolio. Some of the 26 Brazilian states also have their own highway concessions that compete for investments side by side with the PPI.  

    Brazil registered a record low in highway traffic in April, 43.8% drop compared to April 2019, according to the Brazilian Association of Highway Concessionaires (ABCR).  

    Brazilian traffic volumes aren't expected to return to 2019 levels until 2024 due to duration of the pandemic. Uncertainties surrounds Brazil’s Toll Road Concessions.   

    Mexico has signed a 29-project infrastructure investment plan requiring a combined MXN 228.6bn (USD 11.3bn) in private investment. The plan involves the development of 16 highway projects in total.  

    • How can we value transportation assets without traffic?   
    • Which countries have the most ambitious transportation investment plans?   
    • How will the technological advances help to ‘green’ Latin American cities? 
  • 13:00

    Networking break

  • 13:15

    Panel discussion: Brazil – the right country for foreign investors?

    The session will discuss the investment climate in Brazil.  The country has been hit hard by the pandemic, but the privatization of the government's assets is deeply encouraged. What opportunities exist for investors?   

    • How successful has the PPI program been?   
    • Has the situation improved for foreign players to gain access to the Brazilian market?   
    • How are local companies forming alliances with international players?   

     

  • 13:55

    Panel discussion: Telecoms – the hot sector of 2020 and the years ahead

    Panelists will discuss the telecom financing structure in Latin America and which telecom sub-sector is more appealing for foreign investors.  

    Latin America has plenty of opportunities for every country in telecoms’ sector, however, certain countries are developing a more specific set of requirements, which ones?  

    Much of the physical infrastructure required to provide telecoms services is privately owned and investors can often find opportunities to acquire cell towers, data centers and fiber optic cables. Governments have also tendered PPP projects to help expand access. Which one works best and what are the differences between the two?  

    • Demand from investors is now reaching levels seen in North America. Does this mean there is enough space for foreign investors? What is their strategy?  
    • Is Mexico the most prolific country to invest in telecom? Why? What about Argentina, Brazil, Chile and Perù?  
  • 14:35

    Closing Remarks