Recently released market study: Cambodia Infrastructure Report Q4 2010

http://www.prlog.org/

via CAAI

New Construction market report from Business Monitor International: "Cambodia Infrastructure Report Q4 2010"

PRLog (Press Release) – Oct 30, 2010 – Although Cambodia's infrastructure industry sector has seen remarkable growth in the last decade it still remains underdeveloped. Much of the country has very poor transport and energy infrastructure as a result of historical under investment. In 2010 a contraction is expected in the construction industry value, as a result of global recession with year-on-year (y-o-y) growth of -2.06%. From 2011 onwards growth is expected to return, however, with industry value rising from US$0.55bn this year to US$0.97bn by 2014.

Key developments contributing to forecasts included:

* Plans were announced for a US$1bn international airport in Siem Reap province. South Korean construction firm, Incheon International, announced plans to build the new airport according to the Phnom Penh Post.

* Development of Phnom Penh Autonomous Port (PPAP) continued apace with the authority announcing it aimed to fund the second stage of construction by itself if the port proves capable of generating revenues of US$6mn to US$10mn per annum during the period of 2012 to 2015.

* In September 2010, Mekong and Japanese economic ministers approved the Mekong-Japan Economic and Industrial Cooperation Initiative Action Plan. The plan calls for the development of physical infrastructure, trade facilitation, support for small and medium-sized enterprises and a boost in services and industrial sectors in five Mekong countries - Cambodia, Vietnam, Laos, Thailand and Myanmar. The US$5.9bn action plan would help in initiating road projects in Cambodia.

Positive data on consumer price inflation in Cambodia for the first half of the 2010 has added upside to the economic picture for the country. This chimes with our view that the economy has enjoyed a pretty sharp bounce in activity in early 2010, further endorsing the upward revision to our real GDP growth forecast to 4.6% (from 3.5%) this year. This is expected to change next year with inflation expected to fall to 4.0% from 2011 onwards.

For more information or to purchase this report, go to:

- http://www.fastmr.com/prod/90297_cambodia_infrastructure ...