Singapore Infrastructure Report Q2 2009

Publication Date	April 2009
Publisher	Business Monitor
Product Type	Report
Pages	77
ISBN Number	not applicable
Product Code	BMI03655

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Summary

The export-reliant Asian economies have been seriously affected by the current economic and financial difficulties. Even though Singapore's economy and infrastructure sector more specifically appeared at first resilient to the crisis, there are now signs of a slowdown. In BMI's Singapore Infrastructure Report Q2 2009 we have revised our forecasts to reflect the most recent developments. We forecast that the construction industry will register real growth of -7.4% y-o-y in 2009, while negative growth is expected to persist to 2010.

This decline can be attributed to the limited number of new projects in the infrastructure sector. What is more, many of the big infrastructure projects in all transport, utilities and construction sectors, which had added to the momentum of the previous years, are now reaching their maturity and are due for completion. However, to compensate for the limited private investments, the government is now appearing willing to increase its own expenditure in the infrastructure sector. Such a move, that could bolster the economy, means that the risks to our forecasts would be on the upside.

Furthermore, the sharp fall in the growth rate for the construction industry has significantly dragged down Singapore's overall score in our Infrastructure Business Environment Ratings. Nevertheless, we still maintain that Singapore is an attractive market for investors, with low levels of political and operational risks, and with a streamlined and transparent procurement process.

Our overall view for Singapore is a cautious one. Macroeconomic conditions will still deteriorate.

Singapore will be significantly affected by declining trade volumes, as the country's major trading partners, such as the US, the EU and China, are experiencing a period of weak economic growth. At the same time, it is unlikely that domestic demand will grow either. Therefore, for 2009 we forecast that real GDP growth will contract by 2.8%, while unemployment will rise to 3.3%.

Content

Executive Summary
Market Overview
Singapore
Global
Mega-Urban Regions: Opportunities And Challenges For Infrastructure
Mega-Urban Regions: Investment Opportunities And Risks
The Economic Implications Of Urbanisation
SWOT Analysis
Singapore Infrastructure Industry SWOT
Singapore Political SWOT
Singapore Economic SWOT
Singapore Business Environment SWOT
Major Infrastructure Developments and Key Projects
Transport Infrastructure Overview
New And Ongoing Projects
Airports
Road Networks
Rail Networks
Energy & Utilities Infrastructure Overview
New And Ongoing Projects
Power Plants And Transmission Grids
Oil And Gas Pipelines, LNG And Refineries
Water
Construction Overview
New And Ongoing Projects
Residential Construction
Tourism Construction
Major Projects
Industry Forecast Sce40
Singapore: Construction Industry Forecast
Business Environment
Asia Pacific Infrastructure Business Environment Ratings
Limits Of Potential Returns
Risks To Realisation Of Potential Returns
Project Finance Ratings: Outlook For Asia Pacific
Foreign Direct Investment
Labour Force
Legal Framework
Tax Regime
Macroeconomic Outlook
Political Outlook
Company Monitor
Company Monitor
Sembcorp Industries
Dragages Singapore
Hock Lian Seng Infrastructure Limited (HLS)
Country Snapshot: Singapore Demographic Data
Section 1: Population
Section 2: Education And Healthcare
Section 3: Labour Market And Spending Power
Business Environment
Ratings Overview
How We Generate Our Industry Forecasts
Construction Industry
Sources
List of Tables
- Table: The World's 30 Largest Urban Agglomerations
- Table: The World's Richest Cities In 2020 By GDP
- Table: The World's Fastest-Growing Urban Areas
- Table: Who Bid And Who Won So Far In Singapore's Power Divestments
- Table: Major Infrastructure Projects - Transport
- Table: Major Infrasrructure Projects -Utilities
- Table: Major Infrastructure Projects - Construction
- Table: Asia Pacific Infrastructure Business Environment Ratings
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
- Table: Singapore - Economic Activity
- Table: Key Players
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2000-2030
- Table: Education, 2000-2004
- Table: Vital Statistics, 2005-2030
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Infrastructure Business Environment Indicators