Croatia LNG Strategy Analysis and Outlook to 2020 - Capacity, Trade, Price, Contracts, Expenditure, Competition, New Projects, Demand, Supply Trends and Forecasts
- Published: October 2011
Business Monitor International's Croatia Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Croatia's infrastructure industry.
The outlook for the infrastructure sector, as for the country’s economy at large, hinges on Croatia’s EU accession bid. As of Q3 2010 the country had witnessed six consecutive quarters of negative growth, with the result that construction in the country has suffered. BMI forecasts that the construction industry value will be US$4.4bn in 2011 rising to US$5.74bn by 2015. Growth will be even over the forecast period with 3.74% y-o-y growth forecast for 2011.
Contributions to the forecast include:
- Membership of the EU is expected to bring investment of the order of EUR3.5bn in the first two years after accession. Croatia is hoping to accede to the EU in 2011, but due to regulatory delays and financial issues 2012 appears more likely.
- In September 2010, the government announced plans to invest over EUR 13.85bn in the country’s infrastructure sector. The plan is expected to revive the faltering economy and create jobs. Energy projects are expected to receive the lion’s share worth EUR3.85bn; while transport projects are forecast to receive EUR4.27bn.
- In March 2010, Croatia signed an agreement to join the Russian-led South Stream Pipeline project. Energy projects look set to dominate in the medium term, as the government focuses on improving existing infrastructure and capitalising on the country’s prime geographical location as a connector with Western Europe.
- Over the coming three years Croatia should get about 200km of new or completely modernised railway lines, and projects worth about half a billion euros should be launched by 2013 in the upgrading, reconstruction and construction of railroad infrastructure.
Croatia’s business environment remains a strong point for the country placing it near the top of the regional ranking. Croatia places third in BMI’s Central and Eastern Europe Business Environment Ratings with a score of 63. This placed it on a par with Slovenia at 63.3 and just a short distance behind regional leader, Poland, on 67.7.
The macroeconomic outlook within the region looks set to play an important role in the fortunes of the country as the flow of credit is vital to ensure that Croatia returns to a state of positive growth. European austerity continues to validate the view that Europe will underperform in the near term, with this pessimism also extending to parts of emerging Europe.
This is highly evident in our infrastructure service where we have seen the downsizing of planned transport investments ( in Czech Republic), severe contraction in infrastructure production (Greece), weak revenue growth (Colas and Bouygues) and even Connaught's collapse owing to lack of UK orders. It is estimated that Croatia will need to raise an additional EUR800mn investment in the first three years of EU membership to provide for planned infrastructure projects. However should EU accession go to plan in 2012 it is likely that the ready availability of funding will see a surge of growth in infrastructure projects. SHOW LESS READ MORE >
- Croatia Infrastructure SWOT
- Croatia Project Finance SWOT
- Croatia Economic SWOT
- Croatia Political SWOT
Industry Forecast Scenario
- Table: Croatia – Construction And Infrastructure Industry Data
- Transport Infrastructure
- Table: Croatia – Transport And Infrastructure Industry Data
Transport Infrastructure Forecast Scenario
- Transport Infrastructure Overview
- Sea And River
- New And Ongoing Projects
- Road Networks
- Rail Networks
- Major Projects - Transport
- Table: Major Transport Projects
- Energy And Utilities Infrastructure
- Table: Croatia – Energy & Utilities And Infrastructure Industry Data
Energy And Utilities Infrastructure Forecast Scenario
- Power Infrastructure
- New And Ongoing Projects
- Power Plants And Transmission Grids
- Major Projects – Energy and Utilities
- Table: Major Projects – Energy and Utilities
- Croatia Infrastructure Business Environment
- Regional Overview
- Eastern Europe Infrastructure Business Environment Ratings
- Table: Regional Infrastructure Business Environment Ratings
- Eastern Europe Infrastructure Project Finance Ratings
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
- Table: Croatia – Economic Activity, 2006-2015
- Political Outlook
- Konstruktor Inženjering
- Global Overview
- Table: BMI's Core Views For Global Infrastructure
- Industry Forecasts
- Construction Industry
- Data Methodology
- Capital Investment
- Construction Sector Employment
- Infrastructure Business Environment Rating
- Table: Infrastructure Business Environment Indicators
- Project Finance Ratings
- Table: Design And Construction Phase
- Table: Commissioning And Operating Phase – Commercial Construction
- Table: Commissioning And Operating Phase – Energy And Utilities
- Table: Commissioning And Operating Phase – Transport
- Konstruktor Inženjering
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