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REGIONAL REPORTSOUTH AMERICA


Turbulent


Despite destabilising social unrest, a wide range of projects continue to make steady, but slow, progress across South America, writes Megan Ramsay. In fact, some operators believe that uncertainty has become so normal on the continent that investors have developed a tolerance to it.


ountries across South America are suffering varying degrees of upheaval, and the consequences for projects and investment are not necessarily easy to define.


protests against hikes in the cost of public transport have snowballed into a general outcry against the government and the overall cost of living, alongside demands for better wages, pensions and affordable educat ion. But according to Simon Mackenzie,


chairman of Asonave (Asociación Nacional de Agentes de Naves de Chile – the Chilean shipping agents’ association), the main


66 January/February 2020


times C


One example is Chile, where isolated


stumbling block for projects lies, quite rightly, in the country’s environmental regulations. “In Chile, projects at the moment are


very limited by the increasing demand for accountability, especially with regard to the environment. Several projects that were approved have been re-studied and rejected. It is hard to say how many are still online,” he explained. “All companies have to be aware of the


environment these days. No one jumps into a project without looking at that. For instance, with a mining project, the environmental aspect is the largest part of it and studies can take three or four years, or


even five, to complete. Some projects are abandoned because of pressure from environmental groups. An example would be copper mining in the mountains, which could affect the glaciers.”


Principal industries The principal industries for heavy lift and project activity in Chile are energy production and mining. In terms of energy, the solar power sector


thrives in Chile owing to its long hours of sunshine and the open terrain that make it suitable for arrays of photovoltaic panels. For example, Enel Green Power began


www.heavyliftpfi.com


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