2013-09-16 09:06:42 - New Construction research report from Business Monitor International is now available from Fast Market Research
As expected, the factors dampening construction activity in FY2012/13 - non-conducive monetary conditions, policy inertia and lacklustre infrastructure activity - remain pertinent and are set to grow in prominence over the near- term. Meanwhile, material improvements in the business environment for India's construction sector have not taken place and the window for reform will continue to close as parliamentary elections draw nearer. Combined with a poor macroeconomic backdrop and new historical data, this has prompted us to take a more bearish outlook for India's construction and infrastructure sectors.
Major developments in India's infrastructure industry:
* In May 2013, the Japanese government expressed interest in partially financing the US$9.8bn Mumbai- Ahmedabad high-speed railway project. The Japanese government will provide a loan of
around US $1.0bn and the project will use Japanese bullet train technology for the project.
* In June 2013, a joint-venture consisting of Larsen & Toubro and Sojitz secured a INR66.99bn (US $1.15bn) contract to a 626km double-track section of the Western Corridor. The double track-line will be built from Rewari in Haryana to Iqbalgarh in Gujarat, via Rajasthan. Funding for the project will be provided by Japan International Cooperation Agency.
* In July 2013, the aviation ministry announced that it has decided to privatise 15 airports, with the first phase involving the international tendering of six airports - Chennai, Kolkata, Lucknow, Guwahati, Jaipur and Ahmedabad - under a PPP format. AAI will still have a stake in these airports.
* In August 2013, state-owned enterprise Indian Railways issued a new request for qualification (RFQ) document for the elevated rail corridor project between Churchgate and Virar in the Indian state of Maharashtra. The new document for the 60km-long project has been issued with noticeable alterations in terms and conditions. The project cost has been revised to INR215bn (US$3.43bn), while the new elevated corridor would be a standard gauge instead of a broad gauge. Six companies, including Reliance Infrastructure, Gammon, Larsen & Toubro, Infrastructure Leasing & Financial Services and GMR that have earlier submitted RFQ for the project, would be required to re-submit their bids.
* In August 2013, India's Mumbai Metropolitan Region Development Authority (MMRDA) announced that it had not received any bids from the five consortia shortlisted for the Mumbai Trans Harbour Link (MTHL) project worth INR96.3bn (US$1.5bn). The bids were required to be submitted by August 5 2013. A consortium, comprising IRB Infrastructure and Hyundai E&C, had already announced its intention to withdraw from the race on the grounds of lack of support from the state government of Maharashtra. Other bidders have also claimed that the project has been delayed unnecessarily due to complex clearance procedures, reports local sources.
* In August 2013, the Indian government proposed an expansion plan to construct 17 new airports in 11 states across the country. The plan has been proposed in the government's twelfth five year plan for 2012-2017. The proposed airports are located in Karnataka (Gulbarga, Bijapur, Hassan and Shimoga), Goa (second airport in Mopa), Kerala (fourth airport in Aranmula), Arunachal Pradesh (Itanagar), Rajasthan (Kishangarh) and Jharkhand (Deoghar).
Full Report Details at
- www.fastmr.com/prod/684669_india_infrastructure_report_q4_2013.a ..
Partial Table of Contents:
BMI Industry View
- Construction And Infrastructure Forecast Scenario
- Table: India Construction And Infrastructure Industry Forecasts, 2011/12 -2016/17
- Table: India Construction And Infrastructure Industry Forecasts, 2017/18 -2022/23
- Construction And Infrastructure Forecast Scenario
- FY2013/14: Structural Weakness Persist
- Non-Conducive Monetary Conditions
- Lacklustre Infrastructure Activity
- Regulatory Inertia
- Transport Infrastructure - Outlook And Overview
- Table: India Transport Infrastructure Industry Forecasts, 2011/12 - 2016/17
- Table: India Transport Infrastructure Long Term Forecasts, 2017/18-2022/23
- Transport Infrastructure Outlook and Overview
- Table: Competitiveness Of India's Infrastructure
- Table: India - High-Speed Railway PPP Projects Being Planned
- Urban Railways
- Table: Phases Of Development For The Navi Mumbai International Airport
- Major Projects Table - Transport
- Table: Major Projects - Transport
- Energy And Utilities Infrastructure - Outlook And Overview
- Table: India Energy and Utilities Infrastructure Industry Forecasts, 2011/12 - 2016/17
- Table: India Energy and Utilities Infrastructure Industry Forecasts, 2017/18 - 2022/23
- Energy and Utilities Infrastructure Outlook and Overview
- Table: Nuclear Power Reactors
- Major Projects Table - Energy & Utilities
- Table: Major Projects - Energy & Utilities
- Residential/Non-Residential Construction - Outlook And Overview
- Table: India Residential and Non-Residential Building Industry Forecasts, 2011/12-2016/17
- Table: Table: India Residential and Non-residential Building Long Term Forecasts, 2017/18-2022/23
- Table: CHANGES IN FOREIGN INVESTMENT POLICY
- PPP Potential
- Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
- Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
Industry Risk Reward Ratings
- India Industry Risk Reward Ratings
- Asia - Infrastructure Risk/Reward Ratings
- Nearly Developed Markets: Affected By Export Environment
- Giants Of Asia: Sizeable Rewards, Sizeable Risks
Full Table of Contents is available at:
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