1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

New market study, "Hong Kong Infrastructure Report Q3 2011", has been published

New Construction market report from Business Monitor International: "Hong Kong Infrastructure Report Q3 2011"

 
PRLog - Jul. 20, 2011 - Executive Summary  Hong Kong has weathered the financial crisis particularly well and now appears to be recovering strongly  after what has been a decade of decline in the infrastructure sector. Fiscal measures launched by the Hong  Kong government to combat the global recession have led to an increase in capital expenditure for  infrastructure, particularly in the transport sector. The city state aims to enhance its access to the mainland  and has launched 10 major infrastructure projects in 2010, with the two largest projects transportation  systems. As such, we are forecasting Hong Kong's construction industry value to rise from US$6.97bn in  2010 to US8.99bn by 2014.  Key developments contributing to forecasts included:  * New data for Hong Kong's construction industry indicate that the country's construction  industry value in 2008 was higher than initially estimated, achieving a growth rate of 8.7%  year-on-year (y-o-y) to reach HKD47.92bn (US$6.15bn). As a result, recovery for the  construction industry occurred earlier than expected.  * Inflation is becoming an issue for the construction industry. In October 2010, Hong Kong's  subway operator Mass Transit Railway (MTR) announced that the South Island Line (East)  medium-capacity rail line in Wong Chuk Hang, could cost 55% more than first estimated in  2006. The construction of the 7km line could now cost HKD10bn (US$1.28bn), up from the  original estimate of HKD7bn (US$902mn). MTR cited soaring prices for construction  materials as a major reason for the increase in cost.  * In December 2010, two Hong Kong metro extension projects received official approval and  are due to open in 2015, reported Railway Gazette. The first project, worth HKD12.6bn  (US$1.62bn), involves the construction of the new 7km South Island Line. The second  project is for a 2.6km extension to the existing Kwun Tong line at a cost of HKD5.6bn  (US$720.9mn). Work on both projects will begin in mid-2011. BMI believes that both  projects highlight that opportunities still exist for major international players in Hong Kong's  mature infrastructure market.  We remain bullish for the Hong Kong's construction industry and infrastructure sector over the mediumterm.  At present, stimulus plans continue to be a key driver of growth; however, once the effects of the  stimulus wane and projects enter the construction phase, growth is still expected to remain sustainable for  the rest of our forecast period (2011-2014). The construction sector will reach an average growth of 4.2%  y-o-y between 2011 and 2014, while growth for the infrastructure sector will slow to 6.5% y-o-y over the  same period.
About Business Monitor International

------------------------------------------------------------
Full Report Details at
- http://www.fastmr.com/prod/208457_hong_kong_infrastructur...
------------------------------------------------------------

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

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.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

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.

--- End ---

Click to Share

Contact Email:
***@fastmr.com Email Verified
Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Construction, Industrial, Engineering
Tags:construction, Infrastructure, projects, mtr, stimulus, 7km, island, railway, extension
Shortcut:prlog.org/11591669
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share