Greece Infrastructure Report Q1 2015 - New Report Available

From: Fast Market Research, Inc.
Published: Fri Jan 02 2015

A forecasted return to economic growth in Greece and the commencement of several major infrastructure projects are behind our forecasts for growth in the country's construction sector from 2015 onwards. Although the residential sector will remain subdued until 2017, the launch of the first phase of the Trans Adriatic Pipeline (TAP) in 2015 and the privatisation of a range of regional airports will provide a boost to construction sector activity in the short term. Over the longer term the construction sector as a whole remains subdued, undermined by a weak domestic economy and extensive barriers to investment.

Key Developments and Forecasts Include:

* Hong Kong based COSCO Pacific has agreed to invest EUR230mn in the Piraeus Port, boosting capacity from 3.7mn twenty-foot equivalent units (TEUs) to 6.2mn TEUs.
* The European Investment Bank has approved funds worth EUR815mn for transport and energy projects in Greece, including the construction of 239km of highways and improvements to the country's electricity transmission network.
* The residential construction sector will remain depressed as activity and key indicators suggest further contraction ahead; we forecast declines of 6.3% and 14.8% for 2015 and 2016 respectively.
* Greece's transport infrastructure sector is forecast to return to growth in 2015, with a year-on-year increase 1.6% expect, though the project pipeline remains weak.
* Construction of TAP in 2015 will lead to a substantial 49.8% real value increase of the oil and gas pipeline infrastructure industry.
* Overall we are forecasting growth of 3.8% in Greece's construction sector, to EUR2.6bn, far below the 2006 peak of EUR16.3bn.

Full Report Details at

The Greece 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 Greece Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Greek infrastructure and construction industry.

Key Benefits

* Benchmark BMI's independent infrastructure industry forecasts for Greece to test other views - a key input for successful budgetary and planning in the Greek infrastructure market.
* Target business opportunities and risks in the Greek infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Greece.

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Company: Fast Market Research, Inc.
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