WASHINGTON, DC -- (MARKET WIRE) -- 04/11/08 -- CG/LA Infrastructure today announced the 2ndAnnual Global Infrastructure Leadership Forum, hosting the Top 100 globalinfrastructure projects. The Leadership Forum is expected to host morethan $175 billion in strategic infrastructure projects from around theworld, including: China, India, Russia, Brazil, the US, and key emergingmarkets where conditions exist for sustainable infrastructure projectdevelopment, including Vietnam, Egypt, South Africa and others. TheLeadership Forum follows last year's successful inaugural event at 7 WorldTrade Center in New York City, and will be held on December 11 and 12, 2008at the Mayflower Hotel in Washington, DC, five weeks after the USpresidential election.The theme of this year's Leadership Forum is "The Champions that areRe-making our World." CG/LA Infrastructure, in a recently released study,estimates that the global infrastructure boom will require $24 trillion innew capital investment through 2030, or roughly $1 trillion per year. "TheLeadership Forum is a global infrastructure marketplace, showcasing notjust the projects, but the champions of those projects -- those people whohave the strategic and technical skills to shape the world for the nextgeneration," according to Norman F. Anderson, President & CEO of CG/LA.
6th Annual Latin American Leadership Forum - Project of the Year Awards:CG/LA recently concluded the 6th Annual Latin American Leadership Forum,hosting more than 50 of Latin America's top infrastructure projects, withan estimated value of $65 billion. A Special Lifetime Achievement waspresented to Yukiko Omura, Executive Vice President of the MultilateralInvestment Guarantee Agency/MIGA (World Bank Group), for the support anddevelopment of more than $6 billion in projects, and the creation of morethan 300,000 jobs. Projects of the Year awards were announced in thefollowing categories:
Engineering Project of the Year -- Rio Grijalva, Mexico, for "the mostcreative or challenging engineering project of 2007/8." The prize wasawarded to CFE, Mexico's Federal Electricity Commission, the lead agency inthe emergency project.
Equity/Job Creation Project of the Year -- Azua Bio-diesel Project -Dominican Republic, for the project that will create the most jobs, and thegreatest business opportunities, in Latin America over the next 25 years.The prize was awarded to Globasol, a subsidiary of Spain's Globalia group,for their innovative Jetropha-based project which is replicable throughoutCentral American and the Caribbean.
Long-term Performance Project of the Year -- Panama Canal - Panama, for theproject that has been operational for at least 5 years, and thatdemonstrates that infrastructure projects in Latin America perform toworld-class physical and financial standards. The prize is for theextraordinary physical and financial performance of the Canal, particularlysince the handover from the U.S. which allowed the Canal to self-financeits critical expansion.
Finance Project of the Year -- San Jose-Caldera Highway - Costa Rica, forthe financial structure that best points the way forward, in terms of areplicable model, so that the region might achieve the goal of triplinginvestment in infrastructure within the next five years.
Strategic Project of the Year -- Panama Canal Expansion - Panama, for theproject -- underway in the 2007/8 period -- that promises to changethe competitive face of Latin America. The Panama Canal Expansion projectis the largest infrastructure project underway in Latin America, and aproject that will dramatically change the role of the region ininternational trade.
For more information on the 2nd Annual Global Infrastructure LeadershipForum, and the Project of the Year Awards presented at the 6th Annual LatinAmerican Leadership Forum, please go to: http://www.cg-la.com.
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