New Construction market report from Business Monitor International: "Romania Infrastructure Report Q1 2015"
Boston, MA -- (SBWIRE) -- 11/28/2014 -- BMI believes that Romanian construction fell back into recession in 2014 primarily due to the lack of new projects that would drive growth. A number of mismanaged and cancelled projects have also dampened the construction sector's performance. As the government announces new tenders and works on a framework strategy for the transport sector, the EU's 2014-2020 cohesion funds will start filtering through. Consequently, BMI forecasts cautious recovery as of 2016. Residential and non-residential sectors as well as the energy sector will be adding upside risk to our forecast as rising GDP per capita will add buoyancy to the housing construction and forthcoming Chinese financing will prop the energy sector. Poorly managed and cancelled road projects and a move into a new period of EU-cohesion funding have dampened the construction sector performance in 2014. Meanwhile, residential and non-residential sectors have outperformed BMI 's expectations. The e nergy sector also looks promisin g with the Romanian government making headway with the tendering process of the Cernovada nuclear plant.
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Key Trends And Developments
- In September 2014 it emerged that China General Nuclear Power Corporation (CGN) was the only bidder for a tender to build two nuclear reactors at the nuclear power facility in Cernavoda. CGN has qualified for the next stage of the tender. BMI believes that with the financing from China forthcoming, Romania could start building the new reactors in 2015, with BMI's power team suggesting that the new nuclear capacity will come online in 2019. China has also been forthcoming with financing for projects in the neighbouring countries.
- National Statistics Agency reports a 39.2% rise in residential and 2.2% rise in non-residential construction over January-June 2014 compared to the previous year while the civil engineering output fell by 26.9% year-on-year.
- The Romanian Ministry of Transport is currently in the...
The Romania 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 Romania Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Romanian infrastructure and construction industry.
- Benchmark BMI's independent infrastructure industry forecasts for Romania to test other views - a key input for successful budgetary and planning in the Romanian infrastructure market.
- Target business opportunities and risks in the Romanian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Romania.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
- BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.
These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).
- Industry Trends
- Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:
- Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.
- Building Materials Overview
- The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.
Business Environment Rankings
- BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.
- The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.
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