The SEA region has taken a number of positive initiatives in the past 1-2 years to improve the policy and regulatory environment in the infrastructure sector. The governments have become more conscious of solving policy and regulatory issues affecting the infrastructure sector and have come up with new policies/guidelines. ASEAN Open Sky Agreement/Policy has been formulated to create a unified and single aviation market in SEA. The Philippines adopted the National Transport Policy (NTP) that aims to unify all transport-related projects in the country.
ASEAN has worked towards regional integration in a number of policy areas, including tourism, infrastructure and consumer protection with the main objective to foster inclusive and sustainable growth across the region. Also, the ASEAN Framework Agreement on Services (AFAS) and mutual recognition arrangements (MRAs) in several sectors have helped liberalise services.
Further, the Regional Comprehensive Economic Partnership (RCEP) free trade agreement (FTA) is believed to have the potential to reshape the region’s existing economic integration framework into a more committed and binding agreement that extends beyond traditional trade agreements. So far, this mega-regional trade agreement has been joined by 16 countries that represent a major share of world trade and FDI.
Growth in ASEAN countries is expected to pick up pace over the medium-term owing to a strong rebound in trade, robust domestic demand and infrastructure development initiatives undertaken by various governments. Based on the projects tracked by Southeast Asia Infrastructure Research, the SEA region offers a lucrative pipeline of projects (ongoing, recently awarded and preliminary/planning stages) entailing a combined investment of at least USD 520 billion.
The data sources in our reports are both primary and secondary. The primary data is obtained from sources such as related ministries, industry experts, private companies, Conferences organized by us for the related sector etc. The secondary sources include annual reports of companies, industry associations, paid databases, web sites, etc. Our analysts and researchers combine the information from these primary and secondary sources with their industry expertise to synthesize the data presented in the report. We also conduct surveys and interviews for our research. For the surveys, we mostly conduct interviews with key players and relevant people in the sector. They are mostly via telephonic as well as personal interviews.
The report is divided into three sections with twenty chapters:
Section I of the report provides an overall analysis of infrastructure sector in Southeast Asia through eight chapters. These include:
- Project Pipeline Analysis
- Outlook and Opportunities
- Financing of Southeast Asian Infrastructure'
- Private Sector Participation
- Focus on Regional Infrastructure
- Investment Framework
- Foreign Direct Investment Trends
Section II of the report offers detailed information on ten infrastructure sectors. These are Electricity, Renewables, Oil & Gas, Roads, Seaports, Railways, Airports, Urban Transport, Water and Sanitation, and ICT.
Each sector profile provides information on:
- Size and Growth
- Policy and Institutional Framework
- Key Sector Trends
- Planned Capacity/Network Addition
- Proposed Investments
- Key Ongoing and Upcoming Projects
- Market Opportunities
- Key Issues and Challenges
- Outlook and Projections (till 2022-23)
Section III of the report provides detailed profiles of 10 countries – Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Cambodia, Laos PDR, Myanmar and Brunei. The section starts with inter-country comparison of these 10 countries in terms economic scenario, infrastructure size & growth, expected capacity addition, proposed investments, and summary of project pipeline, followed by country profiles.
Each country profile provides information on:
- Economic growth in the past five years
- Indicators of infrastructure growth
- Expected capacity addition in infrastructure sectors
- Expected investments
- Summary of key upcoming projects