Czech Republic Infrastructure Report Q1 2011
Business Monitor International, November 2010, Pages: 86
The Czech Republic Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Czech Republic's infrastructure industry.
Hopes that the Czech Republic’s construction industry would be a regional out performer, following growth of 3.2% in 2009, have been dashed following the release of disappointing first half 2010 data. A deep contraction of 9.5% is now forecast for the sector’s industry value in 2010, with growth of 2% anticipated in 2011.
The reasons behind our bearish short-term outlook are:
- One month freeze on all road and rail projects in late August 2010, although most projects have now resumed, some have been downsized and the project pipeline has been reduced substantially. Strict budget cuts in the transport ministry will mean fewer projects procured over the short term.
- Delays to the CZK500bn Temelin nuclear power plant expansion project. Delays of between one and two years have been announced, owing to weak electricity demand and requests for more time from preliminary bidders. The project is unlikely to get under way until 2014.
- Government budget cuts will impact construction as whole, with spending expected to be cut by CZK58.5bn (US$3.1bn) in 2011. As well as the transport sector, the education and agriculture sectors are expected to be cut, which could threaten school construction and irrigation projects.
- General bearish attitude of investors to Central and Eastern Europe could rub off on the Czech Republic. The renegotiating of contracts for transport projects has dented the country’s business environment and could put investors off the country and alienate those large construction companies who have had their fingers burnt.
Despite this short-term weakness, there is optimism over the longer term for the Czech Republic’s construction sector in general and infrastructure sector specifically. Transport investments will be necessary over the longer term if the Czech Republic wants to secure its position as a key freight route linking east and west Europe. In terms of energy and utilities, plans to invest in transmission infrastructure and the nuclear power project, although delayed, should create value in the sector over the longer term. Indeed CEZ is cutting capital expenditure internationally in order to secure funds for domestic projects; however, some domestic projects also look to be on the chopping block.
For these reasons, real growth is estimated to pick up gradually over our newly extended forecast period (2010-2019), reaching around 5% by 2019. Average growth over the next decade is estimated at around 3% per year.
SWOT Analysis
- Czech Republic Infrastructure SWOT
- Czech Republic Infrastructure Project Finance SWOT
- Czech Republic Economic SWOT
- Czech Republic Political SWOT
Market Overview
- Czech Republic
Industry Forecast Scenario
- Table: Czech Republic Construction And Infrastructure Industry Data
- Table: Czech Republic Construction And Infrastructure Industry Data
- Construction And Infrastructure Forecast Scenario
Transport Infrastructure
- Table: Czech Republic Transport Infrastructure Industry Data
- Table: Czech Republic Transport Infrastructure Industry Data
- Transport Infrastructure Forecast Scenario
- Transport Infrastructure Overview
- Major Projects – New And Ongoing Projects
- Airports
- Roads
- Railways
- Major Projects Table – Transport
- Table: Major Infrastructure Projects
Energy And Utilities Infrastructure
- Table: Czech Republic Energy And Utilities Infrastructure Industry Data
- Table: Czech Republic Energy and Utilities Infrastructure Industry Data
- Energy And Utilities Infrastructure Forecast Scenario
- Energy And Utilities Infrastructure Overview
- Power Sector Grows As Demand Returns
- Major Projects – New And Ongoing Projects
- Power Plants
- Pipelines
- Water
- Major Projects Table – Energy And Utilities
- Table: Major Infrastructure Projects
Residential/Non- Residential Construction And Social Infrastructure
- Table: Czech Republic Residential And Non-residential Building Industry Data
- Table: Czech Republic Residential And Non-residential Building Industry Data
- Residential/Non-Residential Construction Forecast Scenario
- Residential/Non-Residential Construction and Social Infrastructure Overview
- Major Projects – New And Ongoing Projects
- Social Infrastructure
- Healthcare
- Construction
- Commercial
Business Environment
- Czech Republic Business Environment
- Rewards
- Risks
- Regional Overview
- Eastern Europe Infrastructure Business Environment Ratings
- Table: Regional Infrastructure Business Environment Ratings
Project Finance Ratings
- Czech Republic Project Finance Ratings
- Design And Construction
- Commissioning And Operating
- Overall Project Finance Rating
Regional Overview
- Eastern Europe Infrastructure Project Finance Ratings
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
Macroeconomic Outlook
- Table: Czech Republic – GDP Contribution To Growth
Political Outlook
- Long-Term Political Outlook
Company Monitor
- Skanska CZ
- Metrostav
- PSJ, a.s
- Global Overview
- Table: BMI's Core Views For Global Infrastructure
Methodology
- Industry Forecasts
- Construction Industry
- Data Methodology
- Construction
- 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
- Sources
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