Now Available: Philippines Infrastructure Report Q1 2015
New Construction research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Tue Dec 16 2014] Growth in the Philippines construction sector returned to positive territory in Q214, with a solid real expasion of 5.1% year-on-year (y-o-y). Heading into 2015, reconstruction efforts stemming from the aftereffects of Typhoon Yolanda in late 2013 should provide a strong tailwind for construction activity, and we forecast the sector will experience real growth of 9.6%.
Key Trends And Developments
* The Public-Private Partnership Centre revealed in November 2014 that 12 companies have obtained prequalification documents to bid for the operation and maintenance contract of the Manila LRT Line 2 in the Philippines. The winner will operate and maintain the existing 13.8km line and a 4.19km extension with two stations to Masinag, for 10-15 years. The companies include RATP Dev, Hyundai Rotem Company, TUV Rheinland, DMCI Holdings and AC Infrastructure Holdings. Interested parties have until November 20 to submit their qualification documents. The Philippine Ports Authority (PPA) in October 2014 said it plans to invite bids from private investors to modify the ports of Bulalacao, Mansalay and Puerto Galera located in Oriental Mindoro and the Lapaz port in Iloilo City. The modification project, totalling PHP508mn (USD11.35mn), will include the expansion and modification of the ports in the Oriental Mindoro with an investment of PHP113.25mn (USD2.53mn), PHP26.75mn (USD59769) and PHP86.90mn (USD1.94mn) respectively. The Lapaz port project will include expansion of the port's RC wharf as well as the supply and driving of steel pipe piles with an investment of PHP281.19mn (USD6.27mn), according to a bid bulletin released by the PPA (BusinessWorld).
* The Light Rail Manila Consortium (LRMC) in October 2014 signed a 32-year concession agreement with the Department of Transportation and Communications for the PHP64.9bn (USD1.45bn) Light Rail Transit line 1 (LRT 1) Cavite Extension Project in the Philippines. The consortium comprises Metro Pacific...
Full Report Details at
- http://www.fastmr.com/prod/912381_philippines_infrastructure_report_q1_2015.aspx?afid=302
The Philippines Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.
BMI's Philippines Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Philippine infrastructure and construction industry.
Key Benefits
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