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Research and Markets: Thailand Infrastructure Report Q1 2012 - In 2011, the Board of Executives at Airports of Thailand Approved a US$5.4bn Budget for an Expansion Programme

Dépèche transmise le 14 décembre 2011 par Business Wire

Research and Markets: Thailand Infrastructure Report Q1 2012 - In 2011, the Board of Executives at Airports of Thailand Approved a US$5.4bn Budget for an Expansion Programme

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e61fff/thailand_infrastru) has announced the addition of the "Thailand Infrastructure Report Q1 2012" report to their offering.

BMI View: BMI's belief that Thailand is vulnerable to a construction slowdown in 2011 continues to play out. Latest data from the Thailand National Economic and Social Development Board show that, in real terms, Thailand's construction sector contracted by 4.5% year-on-year (y-o-y) in the first half of 2011, compared to real growth of 6.6% y-o-y in H1 2010. BMI believes that several factors taking place in Thailand (devastating floods, poor fiscal position, slow progress in raising infrastructure financing, pertinent political risks and the downward revision in high-speed railway plans) point to an enduring decline in the country's construction activity, with the decline in H111 likely to continue until end-H211 and 2012. As such, BMI has revised down its forecasts for Thailand's construction sector, with construction real growth reaching -1.2% (previously 2.9%) in 2011 and 2.2% (previously 5.18%) in 2012.

Key drivers from the past quarter include:

• In August 2011, the Thai government had awarded two engineering, procurement and construction (EPC) contracts to German engineering firm Siemens Energy and its Japanese partner Marubeni. The contracts are for the Chana Block 2 and Wang Noi Block 4 combined cycle power plants (CCPPs). US engineering and construction company Black & Veatch has been selected by Japanese general trading company Marubeni Corporation to provide design and engineering services for the US$1bn project.
• Solar generation is taking root in Thailand. Between May and October 2011, around US$1.6bn in investment for the solar power sector was announced by six companies.

Companies Mentioned:

• CH Karnchang
• Siam Cement
• Italian-Thai Development Public Company

For more information visit http://www.researchandmarkets.com/research/e61fff/thailand_infrastru