PRLog (Press Release) – Jul 10, 2011 – BMI View: The approval of large-scale infrastructure projects in Cambodia over recent months is driving our forecasts for the country's construction industry. Real growth for the sector has been revised upwards to 9.8% in 2011 (previously 8.9%), pushing the nominal industry value to KHR2.86trn (US$693mn). Although we maintain our bullish outlook for Cambodia's construction sector over the medium term (real growth of 11.3% per annum between 2012 and 2015), the ongoing conflict with Thailand on the country's border, declining tourist arrivals and rising inflationary pressures present pertinent downside risks to our forecast.
Key developments contributing to forecasts included:
* On March 9 2011, construction work started on a new container terminal at Phnom Penh Autonomous Port in Cambodia. The 10 hectare (ha) terminal, which is being built by Chinabased Shanghai Construction (Group) General Company, is scheduled to start commercial operations in September 2013. Once operational, the terminal will have an annual capacity of 120,000 twenty-foot equivalent units (TEUs) with a wharf platform housing two 5,000 tonne container berths. * In March 2011, Cambodia started building a 176km road (No 57B) in the north west of the country, aimed at easing the transportation of agricultural products to markets, reported Xinhua. The project, involving an investment of US$89.9mn from the Chinese government, is scheduled to be completed in four years. The road allow for easier travel among the provinces of Battambang, Banteay Meanchey and Pailin. * The rail line stretching between Kampot and Sihanoukville in Cambodia, is expected to be completed by the end of 2011, reports phnompenhpost, citing Yit Bunna, undersecretary of state for the Ministry of Public Works and Transportation. Once operational, the line will facilitate freight shipments from Phnom Penh to the Sihanoukville Autonomous Port.
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Cambodia's business environment has a long way to go before it can compete with its regional neighbours, never mind developed countries. There are several major factors holding the country back, not least the poor state of existing infrastructure and regulation. Furthermore, a haphazard financial landscape and widespread corruption impinge on fu rc helicopter market place ture growth rates. However, the country has improved significantly this quarter with its business environment rating rising to 36.1, overtaking Pakistan to place second from the bottom in BMI's Asia Pacific Region Business Environment Ratings.
Report Table of Contents:
SWOT Analysis - Cambodia Infrastructure SWOT Market Overview - Cambodia Building Materials - Global Materials - Asia Overview Industry Forecast Scenario - Table: Cambodia Construction And Infrastructure Industry Data - Table: Cambodia Construction And Infrastructure Industry Data - Construction and Infrastructure Forecast Scenario - Title: Breakdown of Key Projects in Cambodia, By Sector Transport Infrastructure - Transport Infrastructure Overview - Title: Competitiveness Of Cambodia'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 - Cambodia Business Environment - Rewards - Risks - Regional Overview - Asia Pacific Infrastructure Business Environment Ratings - Table: Regional Infrastructure Business Environment Ratings Company Monitor - Royal Group Global Overview Methodology - Industry Forecasts - Construction Industry - Data Methodology - New Infrastructure Data Sub-sectors - Co trash bins nstruction - Capital Investment - Construction Sector Employment - Infrastructure Business Environment Rating - Table: Infrastructure Business Environment Indicators
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