The government of Ecuador last month signed a contract with Chinese contractor Sinohydro to build a hydroelectric project. The Coca Codo Sinclaire Dam will be located on the upper Napo River, a tributary of the Amazon, about 75 miles east of Quito. It will generate 1,500 MW and is expected to cost $2 billion. Fifteen percent of the financing will be provided by the Ecuadorean government, and the remaining 85% will be a loan from China’s Export-Import Bank. When completed, the project will be the largest dam built outside China by a Chinese firm. Construction is expected to take five
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.