"Thailand Infrastructure Report Q1 2011" is now available at Fast Market Research

Jan. 14, 2011 - PRLog -- New historical data has confirmed that the political conflict in April-June 2010 had a smaller than expected impact on Thailand's economy. With the exception of those linked with the tourism sector, most industries - including the construction industry - have been largely unscathed by the conflict on the face of it. Construction industry figures for Q210 registered a real growth of 8.12% year-on-year. For H210, we expect Thailand's construction sector to follow the country's wider economy and exports, which have been growing strongly in recent months. As such, BMI maintains its view that Thailand's construction sector is on course to see a positive reversal in 2010 after two years of poor growth, achieving a full-year growth of 7.0% to reach THB270.9bn (US$8.49bn).

Recent developments include:

* BMI is forecasting a return to growth in the country's construction industry, but believe the risks are firmly to the downside over the medium term. The country's political situation is likely to remain highly volatile and these unresolved political tensions may undermine investor confidence and compromise the government's ability to tender projects, as the focus may shift to resolving political unrest especially if there is any upturn in conflict. Thailand's infrastructure sector will also face increasingly intense competition for foreign direct investment from regional peers with better growth prospects. Lastly, we anticipate that the government may have to rein in spending ambitions, given fiscal constraints.
* There have been recent environmental disputes between local communities and energy companies over the establishment of two independent power plants (IPPs) at close proximity. These projects have already been approved by the Thai government and highlight a glaring lack of transparency in the country's tendering process, further undermining investor confidence. The delay in the two IPPs has prompted the Electricity Generating Authority of Thailand (EGAT) to announce an ad hoc investment in a new 800 megawatt (MW) gas-fired power plant at its existing Bang Kruay facility. This is to prevent a predicted shortfall in power supplies over the medium term.
* Government contracts continue to be crucial to the growth strategies of many of Thailand's construction companies. CH. Karnchang, the second largest construction company in the country, has won another contract, worth THB5.03bn (US$159.61mn, to build part of the Blue Line mass transit project in Bangkok. The company has already won a contract to build the underground section of the project.

BMI expects growth in the construction industry to trail economic growth going forward as construction makes up a slightly smaller proportion of total GDP year-on-year (y-o-y) over the forecast period. In 2005, the sector made up 3.03% of GDP, which we expect to fall to 2.70% in 2010. We therefore expect the construction sector's growth rate to accelerate only modestly beyond 2010, averaging 3.24% per annum between 2011 and 2015. Construction industry value will reach THB363.8bn (US$12.7bn) by 2015.

For more information or to purchase this report, go to:
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Partial Table of Contents:

Executive Summary
SWOT Analysis
- Thailand Infrastructure SWOT
- Thailand Infrastructure Project Finance SWOT
- Thailand Economic SWOT
- Thailand Political SWOT
Market Overview
- Thailand
Building Materials
Building Materials
- Global Overview
- Building Materials Outlook Clouds Following Strong Early 2010 Rebound
- Asia Overview
Industry Forecast Scenario
- Table: Thailand Construction And Infrastructure Industry Data
- Table: Thailand Construction And Infrastructure Industry Data
Transport Infrastructure
- Transport Infrastructure Overview
- Major Projects - New And Ongoing Projects
- Airports
- Roads
- Railways
- Major Projects Table - Transport
- Table: Major Infrastructure Projects -Transport
Energy And Utilities Infrastructure
- Energy And Utilities Infrastructure Overview
- Major Projects - New And Ongoing Projects
- Power Plants
- Major Projects Table - Energy And Utilities
- Table: Major Infrastructure Projects - Powerplants
Residential/Non- Residential Construction and Social Infrastructure
- Residential/Non-Residential Construction and Social Infrastructure Overview
- Major Projects - New and Ongoing Projects
- Construction
- Commercial
- Residential
Business Environment
- Thailand Business Environment
- Rewards
- Risks
- Regional Overview
- Asia Pacific Infrastructure Business Environment Ratings
- Table: Regional Infrastructure Business Environment Ratings
Project Finance Ratings
- Thailand Project Finance Ratings
- Design And Construction
- Commissioning And Operating
- Overall Project Finance Rating
- Regional Overview
- Project Finance Ratings: Outlook For Asia Pacific
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
Macroeconomic Outlook
- Table: Thailand - Economic Activity
Political Outlook
- Domestic Politics
- Foreign Policy
- Long-Term Political Outlook
Company Monitor
- CH Karnchang
- Siam Cement
- Italian-Thai Development Public Company
Global Overview
- Table: BMI's Core Views For Global Infrastructure
Methodology
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=1065...

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.