2013-12-27 15:28:38 - Fast Market Research recommends "Singapore Infrastructure Report Q1 2014" from Business Monitor International, now available
Our forecast for a slowdown in construction activity in Singapore continues to unfold, with construction growth in Q313 the lowest quarterly growth rate since Q211. We therefore maintain our view that construction activity in Singapore will moderate in 2013, and continue to decline until the end of this decade. Real growth for Singapore's construction sector is forecast to reach 6.2% in 2013 and average 4.0% per annum between 2014 and 2020. This is due to declining housing demand, lower infrastructure spending by the government and a poor export outlook, which could curb investment in non-residential buildings.
Recent developments affecting infrastructure growth are:
* In July 2013, South Korean construction company Samsung C&T secured a contract worth US$285mn to upgrade Singapore's Caldecott
Mass Rapid Transit (MRT) station into an interchange. The station would connect the Circle Line with the planned Thomson Line. The interchange link would facilitate easier access to the Singapore Association of the Visually Handicapped, Lighthouse School, MacRitchie Reservoir, Lions Home for the Elders and Mount Alvernia Hospital. The interchange will enable the commuters to directly travel between Woodlands and Caldecott stations in just 25 minutes. The construction work for the station and tunnels is scheduled to begin in August 2013, with completion due in 2020.
* In August 2013, Singapore's Prime Minister Lee Hsien Loong presented an infrastructure master plan for the city-state, fleshing out some of the details of the major projects - namely in the airport and port sectors - taking place in Singapore over the long term. Under the master plan, a new mixed-use complex, known as Project Jewel, will be built at Changi airport, while the passenger handling capacity of the airport's existing Terminal 1 will be expanded to 24mn passengers per annum. Combined with the new Terminal 4, this will boost the capacity of the Changi airport to 85mn passengers per annum by 2018. Besides these projects, the government also plans to complete a fifth terminal (Terminal 5), a fourth runway and a new military airbase by the mid-2020s. As part of the master plan, Singapore will also build a new transhipment port in Tuas and relocate all of its container ports in Tanjong Pagar, Keppel, Brani and Pasir Panjang to the new location once their leases expire from 2027. Previous announcements of the Tuas port project indicate that it is designed to have an annual handling capacity of 65mn twenty-foot equivalent units (TEUs), compared with the current capacity of 35mn TEUs.
* In October 2013, the Singapore government officially launched the latest version of its land transport master plan, a roadmap that marks out the key challenges and initiatives taking place in Singapore's transport sector over the next 15 years. The new master plan is an update of the previous version of the plan, which was released in 2008. The 2013 master plan proposes a yearly expansion of Singapore's urban railway network from now till 2021, as well as the completion of two new expressways before 2021. This includes upgrading the signalling system of existing lines (ie, North-South and East-West Lines) to support a higher frequency of train service. Additional expansions to the network will be made between 2020 and 2030, though no specific year of completion was mentioned.
Full Report Details at
- www.fastmr.com/prod/754665_singapore_infrastructure_report_q1_20 ..
Partial Table of Contents:
BMI Industry View
- Construction And Infrastructure Forecast Scenario
- Table: Singapore Construction And Infrastructure Industry Data, 2011-2016
- Table: Singapore Construction And Infrastructure Long Term Forecasts, 2017-2022
- Table: Factbox - Key Milestones In Singapore's Infrastructure Master Plan
- Transport Infrastructure - Outlook And Overview
- Table: Transport Infrastructure Industry Data, 2011-2016
- Table: Transport Infrastructure Long Term Forecast, 2017-2022
- Table: Competitiveness Of Singapore's Infrastructure
- Table: Factbox - Key Infrastructure Milestones In Singapore's 2013 Land Transport Master Plan
- Table: Factbox - Singapore Mass Rapid Transit Lines To Be Completed Between 2021-2030
- Table: Factbox - Thomson Line Project Stages
- Table: Changi Airport - Factbox
- Table: Major Projects - Transport
- Energy And Utilities Infrastructure - Outlook And Overview
- Table: Energy And Utilities Infrastructure Industry Data, 2011-2016
- Table: Energy & Utilities Infrastructure Long Term Forecast, 2017-2022
- Table: Gas Pipelines Into Singapore
- Major Projects Table - Energy & Utilities
- Table: Major Projects - Energy and Utilities
- Residential/Non-Residential Construction - Outlook And Overview
- Table: Residential and Non-residential Building Industry Data, 2011-2016
- Table: Residential and Non-residential Building Industry Long Term Forecast, 2017-2022
- Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
- Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
Industry Risk Reward Ratings
- Singapore Infrastructure Risk/Reward Ratings
- Asia - Infrastructure Industry Risk/Reward Ratings
- Table: Asia Pacific Infrastructure Risk Reward Ratings
- Competitive Landscape
- Table: EQS Data
- Dragages Singapore
- Hock Lian Seng Infrastructure
- Sembcorp Industries
Global Infrastructure Overview
- Global Industry Overview
- Table: Latin America PPP Round-Up
- Industry Forecast Methodology
- Sector-Specific Methodology
- Risk/Reward Rating Methodology
Full Table of Contents is available at:
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