"Greece Infrastructure Report Q1 2010" is now available at Fast Market Research

PRLog (Press Release) - Dec 14, 2009 -
A growing budget deficit and burdensome public debt are severe threats to the Greek economy. They are also a major constraint on the government as it attempts to tackle the coming recession. This continues to impede the government's ability to implement stimulus plans like other European peers, leaving the overall outlook for investments in infrastructure unchanged for this quarter. In  BMI's  Q209 Greece Infrastructure Report, we forecast that construction sector real growth will continue along the downward trend it embarked on in 2008 as revised data from the national statistics agency revealed. Little activity has been recorded in the infrastructure sector in the past quarter; while the intentions and capabilities gap for public private partnerships (PPP) is widening as the crisis deteriorates. The industry took a heavy blow when  Hutchison walked away from the Thessaloniki port concession in December 2008, and the subsequent cancelation of the tender in March 2009 left the government to foot the bill for the expansion projects. The upcoming litmus test for the industry will be the launch of the tender for concession for the Heraklion airport in Crete. Private sector involvement becomes more important when looking at macroeconomic indicators: The budget will come under strain from falling revenues and according to  BMI forecasts, the ballooning external debt of the government will slow short-to-medium term growth, because the government has to revise its debt obligations and fiscal responsibilities, potentially slowing developments in the infrastructure sector. This will be accentuated further with liquidity drying up rapidly in the financial system, making raising capital extremely difficult in 2009 and 2010. Major players in the Greek infrastructure industry include locals  Elliniki Technodomiki-Aktor-TEB Group,  J&P-AVAX,  Terna,  Mytilineos,  Aegek and  Athena, some of which also have significant operations abroad, mainly in the Balkans and Middle East. We anticipate that expansion abroad will become an even greater of part of corporate strategy in the coming years, as it will help offset the downturn in Greece. However, it should be noted that with the possible exception of Saudi Arabia and Qatar, the rest of the Middle East and the entire Balkan region does not look too promising for 2009-2010 either.

Report Table of Contents:

Executive Summary
- Market Overview
- Greece
- Global Overview
- New Infrastructure Data Series - Some Key Findings
- Governments To The Rescue: The Global Surge In Infrastructure Spending
Table: Infrastructure Stimulus Plans List, Correct As Of July 2009
- SWOT Analysis
- Greece Infrastructure Industry SWOT
- Greece Business Environment SWOT
- Major Infrastructure Developments And Key Projects
- Transport Infrastructure Overview
- Industry Forecast: Transport Infrastructure
Table: Greece - Industry and Transport Data
- New And Ongoing Projects
- Airports
- Ports
- Road Networks
- Rail Networks
- Other Transport
Table: Greece Major Infrastructure Projects - Transport
- Energy And Utilities Infrastructure Overview
- Industry Forecast: Energy And Utilities Infrastructure
Table: Greece - Industry And Energy And Utilities Data
- New And Ongoing Projects
- Power Plants And Transmission Grids
- Oil And Gas Pipelines
- Water
Table: Greece Major Infrastructure Projects - Energy And Utilities
- Construction And Infrastructure Overview
- Industry Forecast Scenario: Construction And Infrastructure
Table: Greece - Industry And Construction Data
- Business Environment
- Western Europe Infrastructure Business Environment Ratings
Table: Western Europe Infrastructure Business Environment Ratings
- Greece Business Environment Ratings
- Limits Of Potential Returns
- Risk To Realisation Of Potential Returns
- Project Finance Ratings: Outlook For Western Europe, September 2009
Table: Design And Construction Rating
Table: Commissioning And Operating Rating
Table: Overall Project Finance Rating
- Foreign Investment Policy
- Labour Force
- Legal Regime
- Property Rights
- Tax Regime
- Macroeconomic Outlook
Table: Greece - Economic Activity
- Political Outlook
- Company Monitor
- GEK Terna S.A
- Aktor
- J&P-AVAX Group


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