2012-06-26 09:44:05 - New Construction market report from Business Monitor International: "Philippines Infrastructure Report Q3 2012"

BMI View: The sharp increase in public construction investment seen in Q411 is giving us cause to believe that the Philippine government will carry out its plan to boost infrastructure spending in 2012. Combined with improved monetary conditions, we remain convinced that real growth for the Philippine construction sector could return to positive territory, with real growth forecast to reach 6.6% in 2012. However, we are growing increasingly concerned with the lack of progress in regards to the country's public-private partnership (PPP) programme and, as a result, we have revised down our forecasts for construction real growth from 7.5% to 7.2% per annum between 2013 and 2016.

Major developments in the Philippines' infrastructure industry include:


Full Report Details at
- www.fastmr.com/prod/404288_philippines_infrastructure_report_q3_ ..

* In February 2012, the Philippine Light Rail Transport Authority (PLRTA) had announced that it will commence a tendering process for Metro Manila's PHP60bn (US$1.4bn) Light Rail Transit Line 1 (LRT-1) extension project during H112, reports railway-technology.com. The project involves the construction of a new 11.7km section of line between Baclaran and Cavite, and the winning bidder will also be responsible for the operation and maintenance of the entire LRT-1 network. The line extension will include eight new stations, three intermodal facilities and one satellite depot. The project has received interest from San Miguel, Ayala Corporation and Metro Pacific Investments Corporation.
* In March 2012, the National Grid Corporation of the Philippines (NGCP) announced that it was scheduled to make an investment of nearly PHP100bn (US$2.34bn) over a ten-year period to set up new transmission lines and substations, as well as expand existing facilities nationwide. This will enable the NGCP to provide power transmission more efficiently and increase power generation capacity in the areas involved. The NGCP is aiming to invest between PHP95.8bn (US$2.24bn) and PHP102.8bn (US$2.4bn) in six major transmission line expansion projects under the Transmission Development Plan 2011-2020, according to Giovanni Galang, the deputy department manager of the NGCP's Transmission Planning department. Galang added that most of the projects are scheduled to be concluded within five to eight years, with the NGCP to make four of the six major investments in Luzon.
* In April 2012, Philippine holding company Ayala was awarded a 30-year contract for the first PPP expressway project. Work comprises the construction, operation, and maintenance of a fourkilometre (km) link road for the Daang Hari-South Luzon Expressway. Construction will begin in mid-2012, with the link road scheduled to open by the end of 2013. As for the other PPP expressway projects, the Philippines Department of Public Works and Highways (DPWH) is planning to invite bids for the NLEX-SLEX road link in July 2012 and the 5.2km NAIA Expressway Phase 2 Project in Q412.

Report Table of Contents:

SWOT Analysis
- Philippines Infrastructure SWOT
Market Overview
- Philippines
- PPP Moves Slowly
- Regulations, Not Incentives
- Table: EQS Data
Building Materials
- Global
- Asia
- Cement Forecasts
- Table: Philippines Cement Production and Consumption Data, 2009 - 2016
- Table: Philippines Cement Production and Consumption Long Term Forecasts, 2014 - 2021
- Table: Philippines Construction And Infrastructure Industry Data, 2008 - 2016
- Table: Philippines Construction And Infrastructure Industry Long Term Forecasts, 2013 - 2021
- Construction And Infrastructure Forecast Scenario
Transport Infrastructure
- Transport Infrastructure Outlook and Overview
- Table: Competitiveness Of Philippines's Infrastructure
- Major Projects Table - Transport
Energy And Utilities Infrastructure
- Energy And Utilities Infrastructure Outlook and Overview
- Major Projects Table - Energy And Utilities
Residential/Non-Residential Construction and Social Infrastructure
- Residential/Non-Residential Construction and Social Infrastructure Outlook And Overview
- Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
Risk/Reward Ratings
- Philippines Risk/Reward Ratings
- Rewards
- Risks
- Regional Overview
- Asia Pacific Infrastructure Risk/Reward Ratings
- Table: China, India, Indonesia - BMI Interest Rate Views
- Table: Emerging South East Asia - BMI Interest Rate Views
- Table: Nearly Developed Asia - Bmi Interest Rate Views
- Table: Regional Infrastructure Risk/Reward Ratings
Company Monitor
- EEI Corporation
- First Philippine Balfour Beatty Inc (First Balfour)
- San Miguel Corporation (SMC)
Global Overview
Methodology
- Industry Forecasts
- Construction Industry
- Data Methodology
- New Infrastructure Data Sub-sectors
- Construction
- Capital Investment
- Construction Sector Employment
- Infrastructure Risk/Reward Ratings
- Table: Infrastructure Business Environment Indicators

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