Key agreements with Hong Kong CBC Investment and Russia's Uranium One Group focus on lithium extraction, targeting 40% of global lithium supply by 2030. The report offers insights into market trends, mega-project pipelines, and risk assessment, guiding strategic business planning.
Dublin, April 22, 2025 (GLOBE NEWSWIRE) -- The "Bolivia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)" report has been added to ResearchAndMarkets.com's offering.
The report provides detailed market analysis, information and insights into the Bolivian construction industry, including:
Bolivia's construction industry is expected to register annual growth of 3% in real terms in 2025, driven by investments in transport infrastructure, housing, and telecommunications, coupled with the government's focus on expanding lithium extraction and processing. In November 2024, to harness its vast lithium reserve, the government (through Yacimientos de Litio Bolivianos (YLB)) signed a BOB6.9 billion ($1 billion) agreement with Hong Kong CBC Investment - a subsidiary of Contemporary Amperex Technology Co., Limited (CATL) - to construct two lithium carbonate plants in the Uyuni salt flats, with a combined annual production capacity of 35,000mt(t).
Similarly, in September 2024, YLB signed a BOB6.7 billion ($970 million) deal with Russia's Uranium One Group to build a direct lithium extraction (DLE) facility over an area spanning 10.5 billion m2 in the country's vast Salar de Uyuni.
Over the remainder of the forecast period, between 2026 and 2029, the construction industry is expected to record average annual growth of 4.1% in real terms, supported by investments in the mining sector, and the government's aim to turn the nation into the "lithium capital of the world", aiming to account for 40% of global lithium supply by 2030, coupled with investment in transport infrastructure development.
In September 2024, the Minister of Public Works announced a significant investment of BOB1.4 billion ($208.4 million) to develop road infrastructure, housing and improve telecommunications in Cochabamba. Of the total investment, some of the key road projects include BOB238 million ($34.4 million) of eight-lane road from the Chimore bridge to Senda III, the Old Double Road from Villa Tunari to Montero, which will connect Cochabamba and Santa Cruz and BOB48 million ($6.9 million) of the road project from Sacaba to Chinata, along with the technical design for the Chimore bridge.
This report provides a comprehensive analysis of the construction industry in Bolivia. It provides:
Reasons to Buy
Key Topics Covered:
List of Tables
List of Figures
For more information about this report visit https://www.researchandmarkets.com/r/wlon7k
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