Thailand Infrastructure Report Q1 2009

Publication Date	March 2009
Publisher	Business Monitor
Product Type	Report
Pages	73
ISBN Number	1750-5526
Product Code	BMI03583

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Summary

In December 2008, the State Railway of Thailand signed a contract with joint Thai-Hong Kong venture Uniq-Chunwo for the building of the first portion of its Red Line from Bang Sue to Taling Chan. This 15km-long rail line portion of the project is budgeted at US$249.3mn. Construction is scheduled to begin in 2009.

Earlier, in November 2008, government officials said that the construction of three of the proposed electric rail routes needed to be accelerated and that building on the lines should begin in 2009. The three projects that are being fast-tracked include: The Purple Line (US$1.72bn) , which will run 23km from Bang Sue to Bang Yai. In March 2008, the Mass Rapid Transit Authority (MRTA) signed an agreement with Japan Bank for International Cooperation (JBIC), under the terms of which the latter is to finance construction.

The Blue Line (US$2.26bn), a 27km stretch from Bang Sue to Tha Phra and from Hua Lamphong to Bang Khae. Currently this line is undergoing an environmental impact analysis and seeking funding from JBIC.

The Red Line (US$382.3mn), which will run from Bang Sue to Taling Chan and from Bang Sue to Rangsit. Construction should be completed in 2013.

BMI forecasts that Thailand's construction industry will grow at an annual average of 4.9% in real terms over the period 2009-2013. In 2009, we predict that the construction industry will undergo real growth of 5.0%, a slowdown from an estimated 5.8% in 2008. A fiscal stimulus package, together with higher public investment in infrastructure (particularly railways), should support the outlook for the construction industry over the next year, and considerably beyond. The government is pushing ahead with this US$8.7bn spending package, which, in an economy with a total estimated GDP of US$290.94bn in 2008, should provide significant support, partly offsetting the negative outlook for private sector-generated construction activity. Indeed, the fiscal stimulus package as a whole is equivalent in size to the total estimated value of the construction sector in 2008. In 2010, we predict that Thailand's construction sector will grow by 5.1% in real terms.

Risks to our forecasts are largely to the downside, particularly in 2010. The external threat generated by the global economic downturn is the main risk factor. In the worst-case scenario, a prolonged recession in the US and elsewhere would severely crimp Thailand's government revenues over a long period, with attendant implications for public investment and infrastructure tenders. Indeed, the fiscal

Content

Executive Summary
SWOT Analysis
Thailand Infrastructure Industry SWOT
Thailand Political SWOT
Thailand Economic SWOT
Thailand Business Environment SWOT
Market Overview
Thailand
Global
Mega-Urban Regions: Opportunities And Challenges For Infrastructure
Mega-Urban Regions: Investment Opportunities And Risks
Major Infrastructure Developments And Key Projects
Transport Infrastructure Overview
New And Ongoing Projects
Airports
Ports
Road Networks
Rail Networks
Energy And Utilities Infrastructure Overview
Power Generation
Power Consumption
Power Transmission
New And Ongoing Projects
Power Plants And Transmission Grids
Pipelines
Construction Overview
New And Ongoing Projects
Residential Construction
Commercial Construction
Industrial Construction
Tourism Construction
Major Infrastructure Projects
Industry Forecast Scenario
Risks
Business Environment
Regional Overview - Asia Pacific
Asia Pacific: Business Environment Ratings
Limits Of Potential Returns
Risks To Realisation Of Returns
Project Finance Ratings: Outlook For Asia Pacific
Foreign Direct Investment
Labour Force
Legal Framework
Tax Regime
Macroeconomic Outlook
Company Monitor
Siam Cement
Italian-Thai Development Public Company
Country Snapshot: Thailand Demographic Data
Section 1: Population
Section 2: Education And Healthcare
Section 3: Labour Market And Spending Power
BMI Forecast Modelling
How We Generate Our Industry Forecasts
Construction Industry
Sources
Business Environment
Ratings Overview
Project Finance Ratings Methodology
Construction Risks
Operating Risks - Commercial Construction
Operating Risks - Energy and Utilities
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: Thailand Major Infrastructure Projects - Airports
- Table: Thailand Major Infrastructure Projects - Railways
- Table: Thailand Major Infrastructure Projects - Power
- Table: Thailand Major Infrastructure Projects - Pipelines
- Table: Thailand Major Infrastructure Projects - Commercial Construction
- Table: Thailand Major Infrastructure Projects - Industrial
- Table: Thailand - Economic And Construction Data
- Table: Regional Infrastructure Business Environment Ratings
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
- Table: Thailand - Economic Activity
- Table: Key Players
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Non-Agricultural Wages, 2001-2012
- Table: Infrastructure Business Environment Indicators

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Product features / use

Level	General Industry Strategies
Data	Detailed Market Forecasts
Profiles	Profiles of Key Companies
Features	Contains SWOT Analysis
Extra Info	Consumer Trends Highlighted