Market Report, "Greece Infrastructure Report Q2 2011", published

Fast Market Research recommends "Greece Infrastructure Report Q2 2011" from Business Monitor International, now available
 
April 8, 2011 - PRLog -- BMI View: Greece's construction sector is constrained by the country's wider fiscal and economic quagmire. Although a spate of new projects were announced in early 2011, the country's ability to pull in sufficient investment, the feasibility of a number of projects (especially roads) and the sustainability of Greece's solvency continue to be questioned by investors. Although contractions in the sector are easing year-on-year, BMI expects the construction industry to shrink by 13% to EUR6.5bn (US$8.7bn) in 2011, after declining by 17.6% to EUR7.6bn (US$10.1bn) in 2010.

Key developments in recent months include:

* The planned power plant and liquefied petroleum gas (LPG) project in the western port of Astakos was cancelled in late-October 2010 but did not prompt a downward revision in BMI's infrastructure forecasts. The project was priced in as an upside risk, rather than a forecasted growth in energy and utilities infrastructure industry value. However, the cancellation is a blow because the project represented the first major foreign direct investment (FDI) in Greece for several years. The cancellation highlights that in spite of the government's rhetoric on fasttracking major foreign investments, the opaqueness of government jurisdiction and political risk remain obstacles.
 * The collapse of the project also fuels scepticism about the government's claims that it could entice as much as EUR45bn (US$62.78bn) in renewable energy investments over the next five years. The government expects renewable investment to reach EUR1.2bn (US$1.67bn) in 2011, representing a sharp jump on just EUR400mn (US$558mn) invested in 2009. The prime minister reiterated that he would like to see public-private partnership (PPP) models take a central role in Greece's energy sector.
 * The government is planning to award transport contracts worth a combined EUR650mn (US$906.81mn) in 2012, including regional airport developments, the extension of the Athens ring road and the construction of two undersea road tunnels. However, concession holders and the government are looking into ways of restructuring the concession agreements for motorways which are already under construction, while the government is under increasing public pressure to address the controversial issue of toll prices. The latest developments for Greek toll roads do not bode well for government plans outlined in February 2011 to install additional toll stations along the newly built Egnatia motorway in Northern Greece to generate over EUR100mn (US$139.51mn) per year.
 * In an embarrassing but unsurprising development in late-January 2011, Greece lost its right to host the 2013 Mediterranean Games. The International Committee of Mediterranean Games rescinded Greece's hosting rights on the back of its fiscal and economic turmoil, after the government slashed the budget for the games by two-thirds to US$175mn from an original US$490mn. The committee argued that the cuts prevented the country from preparing its infrastructure to the required standards.


With eurozone economic recovery weaker than expected in the final quarter of 2010, BMI sees significant downside risk to the Greek construction industry's near-term return to growth of 1.2% in 2012, extending the sector's contraction by an additional year.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/130587_greece_infrastructure_r...


Partial Table of Contents:

SWOT Analysis
- Greece Infrastructure SWOT
- Greece Infrastructure Project Finance SWOT
Market Overview
- Greece
Building Materials
- Global Materials
- Building Materials: Global Demand to Hit New Highs In 2011
- Asia to accelerate in 2011
- World's top steel producing countries (million metric tonnes - mmt)
- Europe Overview
- Outlook Uncertain Despite Some Signs Of Recovery
- Table: Cement Price/Volume Variances Per Region
Industry Forecast Scenario
- Table: Greece Construction And Infrastructure Industry Data
- Table: Greece Construction And Infrastructure Industry Data
- Construction And Infrastructure Forecast Scenario
Transport Infrastructure
- Table: Greece Transport Infrastructure Industry Data
- Table: Greece Transport Infrastructure Industry Data
- Transport Infrastructure Forecast Scenario
- Transport Infrastructure Overview
- Major Projects Table - Transport
- Table: Major Infrastructure Projects - Transport
Energy And Utilities Infrastructure
- Table: Greece Energy and Utilities Infrastructure Industry Data
- Table: Greece Energy and Utilities Infrastructure Industry Data
- Energy And Utilities Infrastructure Forecast Scenario
- Energy And Utilities Infrastructure Overview
- Major Projects Table - Energy And Utilities
- Table: Major Infrastructure Projects - Energy & Utilities
Residential/Non- Residential Construction and Social Infrastructure
- Table: Greece Residential and Non-residential Building Industry Data
- Table: Greece Residential and Non-residential Building Industry Data
- Residential/Non-Residential Construction Forecast Scenario
- Residential/Non-Residential Construction and Social Infrastructure Overview
Business Environment
- Greece Business Environment
- Rewards
- Risks
- Regional Overview
- Developed States Infrastructure Business Environment Ratings
- Table: Developed States Infrastructure Business Environment Ratings
Project Finance Ratings
- Greece Project Finance Ratings
- Design And Construction
- Commissioning And Operating
- Overall Project Finance Rating
- Regional Overview
- Project Finance Ratings: Outlook For Developed States
- Table: Design And Construction Rating
-

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=1305...

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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.
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