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 market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.