2010-03-26

Mexican cement producer Cemex (NYSE: CX) expects to report a net loss for Q1, the company said in a statement to the US securities regulator SEC.   The continued effects of the global economic crisis, as well as severe weather conditions in the US and Europe, have negatively affected operatio...

2010-03-26

The government of Dubai will provide US$9.5bn to its main conglomerate Dubai World to help it restructure its debt, the company reported in a release.   The company has presented a plan to restructure US$23.5bn of debt, including converting US$8.9bn of government debt into equity.   Th...

2010-03-26

Costa Rica's public works and transport ministry (MOPT) will finish construction of the US$60mn Quepos-Savegre-Barú road connecting cities Quepos and Dominical in mid-May, a MOPT official told BNamericas.   The only pending work is a 2km stretch to complete the 42km road.   The ...

2010-03-24

Chile's concessionaires association Copsa has submitted two proposals to the public works ministry (MOP) to speed up the country's reconstruction process following last month's earthquake, local paper La Tercera reported.   The first proposal consists of modifying the concessions law by creat...

2010-03-24

Jamaica's transport and works ministry has signed a J$791mn (US$8.9mn) contract to reconstruct the Dry river bridge in southeastern Saint Andrew parish, government information service JIS reported.   A four-lane bridge will replace the two-lane structure that connects capital Kingston to the ...

2010-03-24

The Dominican Republic's national paving program is scheduled to finish by end-2010, public works minister Víctor Díaz Rúa said.   To date, more than 50% of the works in the plan have been carried out, local paper Hoy reported.   Authorities are investing some US$5...

2010-03-24

Brazil's federal government will launch a 6bn-real (US$3.33bn) tender on Friday (Mar 26) to construct the Oeste-Leste freight railroad in the northeastern states of Bahia and Tocantins, national cargo transport association ABTC reported in a release.   "Environmental licensing is ready a...

2010-03-23

Moody's has reaffirmed its long-standing Aaa credit rating for the Inter-American Development Bank (IDB), citing the multilateral's prudent financial management, strong support from its shareholders, preferred creditor status and robust capital base.   "Prudent financial management and s...