New market study available at Fast Market Research: "Thailand Infrastructure Report Q2 2010"

PRLog (Press Release) - Apr 07, 2010 -
We estimate that Thailand's construction sector contracted by 8.3% in 2009, on the back of a contraction of 4.7% in 2008. The rate of the sector's estimated decline in 2009 outstrips that for the economy as a whole, due to the highly cyclical nature of private sector construction activity. Fiscal constraints, meanwhile, limited the government's ability to partially offset the hole left by the shrinkage of private sector investment in the sector. Overall, we estimate a fall in capital investment of 8% in real terms in Thailand during 2009 (to US$64.5bn, from US$72.8bn in 2008). However, the outlook for 2010 is better. There are signs that the Thai economy is recovering, and we predict a resumption of modest to moderate real GDP growth in 2010. That should feed through in to the construction sector, which we now foresee expanding by 2.3% in real terms during the year. This constitutes a revision to our earlier construction growth forecast for 2010 (we had previously predicted growth of 1.1% in 2010). Other factors should kick in fully during 2010, alongside an expected recovery of the country's economy as a whole. Infrastructure investment forms a vital component of the government's spending plans. In August 2009, the cabinet approved THB200bn (US$5.9bn) for investments in infrastructure in the country's provinces during 2010. This is a part of the 'Stronger Thai' programme, which is in turn part of the multi-billion-dollar infrastructure-geared stimulus plan. According to the cabinet's decision, the first tranche of the funds will be allocated to ministries, which will then pass on the funds to projects that are ready to be procured in irrigation, transport and healthcare in the provinces. This investment is part of the second stimulus plan announced by the government in March 2009. It is a three-year, THB1.43trn programme, focused primarily on infrastructure, which the government estimates could add about 1.3 percentage points to growth annually between 2010 and 2012. The lion's share (around 40%) of this spending is earmarked for transport infrastructure and mass rapid transit systems, followed by water/natural resources (16.7%) and energy/renewable energy (14.4%). China has reportedly expressed an interest in participating in some of these projects. The sector's growth outlook is modest beyond 2010. Post-2010, we anticipate that the government may have to reign in spending ambitions, given fiscal constraints.

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Report Table of Contents:

Executive Summary
-- SWOT Analysis
-- Thailand Infrastructure SWOT
-- Thailand Infrastructure Project Finance SWOT
-- Thailand Economic SWOT
-- Thailand Political SWOT
-- Market Overview
-- Thailand
-- Industry Forecast Scenario
-- Construction and Infrastructure Forecast Scenario
-- Transport Infrastructure
-- Transport Infrastructure Overview
-- Major Projects - New and Ongoing Projects
-- Airports
-- Roads
-- Railways
-- Major Projects Table - Transport
Table: Thailand Major Transport Projects
-- Energy and Utilities Infrastructure
-- Energy and Utilities Infrastructure Overview
-- Major Projects - New and Ongoing Projects
-- Power Plants
-- Major Projects Table - Energy and Utilities
Table: Thailand Major Energy and Utilities Projects
-- Business Environment
-- Thailand Business Environment
-- Limits Of Potential Returns
-- Risk To Realisation Of Potential Returns
-- Regional Overview
Table: Asia Pacific Infrastructure Business Environment Ratings
-- Project Finance Ratings
-- Thailand Project Finance Ratings
-- Design and Construction
-- Commissioning and Operating
-- Overall Project Finance Rating
-- Regional Overview
Table: Design and Construction Rating
Table: Commissioning and Operating Rating
Table: Overall Project Finance Rating, Asia Pacific
-- Macroeconomic Outlook
Table: Thailand - Economic Activity
-- Political Outlook
-- Company Monitor
-- CH Karnchang
-- Siam Cement
-- Italian-Thai Development Public Company
-- Global Overview
-- Global Infrastructure Forecasts Revisited
-- Methodology
-- Industry Forecasts
-- Construction Industry
-- Data Methodology
-- Construction
-- Capital Investment
-- Construction Sector Employment
-- Infrastructure Business Environment Ratings
-- Ratings Overview
Table: Infrastructure Business Environment Indicators
-- Project Finance Ratings
Table: Design And Construction Phase
Table: Commissioning And Operating Phase - Commercial Construction
Table: Commissioning And Operating Phase - Energy And Utilities
Table: Commissioning And Operating Phase - Transport
-- Sources

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