Thailand Infrastructure Report Q3 2011
Business Monitor International, June 2011, Pages: 67
The Thailand Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Thailand's infrastructure industry.
Latest data from the Thailand National Economic and Social Development Board confirmed the view that Thailand's construction sector saw a positive reversal in 2010 after two years of poor growth – a contraction of 5.3% in 2008 and growth of 0.03% in 2009. Thailand's construction sector achieved real growth of 6.8% in 2010 registering a nominal construction value of THB269.2bn (US$8.49bn).
BMI does not expect 2010 growth levels to continue into 2011 with real growth for the construction sector expected to reach 2.9%. This decline does not indicate a lack of construction projects, but rather the risk of delays to project execution due to the Thai government's lack of funds and the potential for further political unrest.
Key drivers from the past quarter include:
- Plans for a pan-Asian high-speed railway network are moving forward in Thailand. Construction on the US$4.9bn, 620km railway line from Nong Khai province at the Laotian border to Bangkok will begin in early 2011 and is expected to be completed by 2014. This high-speed line will allow trains to travel at speeds of around 200km per hour, meaning it can be utilised by both passengers and freight operators.
- Urban railways – to help ease traffic congestion in Bangkok – are also in the pipeline, offering numerous opportunities for railway companies. In February 2011, The Mass Rapid Transit Authority of Thailand (MRTA) approved a plan to seek bids for a THB17.23bn (US$561mn) project to extend Bangkok's elevated rail system, according to Dow Jones.
- In March 2011, Thailand's Deputy Prime Minister Suthep Thaugsuban suspended the country's plans to build five nuclear plants due to security concerns, reported The Bangkok Post. The move follows the nuclear crisis in Japan, which has provoked environmental and local protests against the plants. The project was planned to increase Thailand's power generation capacity by 5,000MW and would have been completed between 2020 and 2025.
Beyond 2011, BMI expects growth in the construction industry to revert back to pre-recession levels. The Thai government has pushed forward with a series of infrastructure projects to improve the country's electricity supply and transport links. Contracts for a number of major railway projects and small conventional power plants have been awarded, or are expected to close financing and have completed their respective bidding processes by 2011. Construction on these projects will likely start next year, which explains the elevated construction growth figures for 2012. This report forecasts construction industry real growth to reach 5.2% in 2012 and to average 3.8% per annum between 2013 and 2015, reaching a nominal value of THB372.7bn (US$13.1bn) by 2015.
Executive Summary
SWOT Analysis
Thailand Infrastructure SWOT
Market Overview
Thailand
Building Materials
Global Overview
Asia Overview
Industry Forecast Scenario
Table: Thailand Construction And Infrastructure Industry Data
Table: Thailand Construction And Infrastructure Industry Data
Construction and Infrastructure Forecast Scenario
Transport Infrastructure
Transport Infrastructure Overview
Title: Competitiveness Of Thailand's Infrastructure
Major Projects Table – Transport
Table: Major Infrastructure Projects – Transport
Energy And Utilities Infrastructure
Energy And Utilities Infrastructure Overview
Major Projects Table – Energy And Utilities
Table: Major Infrastructure Projects – Energy & Utilities
Residential/Non-Residential Construction and Social Infrastructure
Residential/Non-Residential Construction and Social Infrastructure Overview
Major Projects Table – Residential/Non-Residential Construction and Social Infrastructure
Table: Major Infrastructure Projects – Residential/Non-Residential Construction and Social Infrastructure
Business Environment
Thailand Business Environment
Rewards
Risks
Regional Overview
Asia Pacific Infrastructure Business Environment Ratings
Table: Regional Infrastructure Business Environment Ratings
Company Monitor
CH Karnchang
Siam Cement
Italian-Thai Development Public Company
Global Overview
Methodology
Industry Forecasts
Construction Industry
Data Methodology
New Infrastructure Data Sub-sectors
Construction
Capital Investment
Construction Sector Employment
Infrastructure Business Environment Rating
Table: Infrastructure Business Environment Indicators
- CH Karnchang
- Siam Cement
- Italian-Thai Development Public Company
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