Recently published research from Business Monitor International, "Philippines Infrastructure Report Q2 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 03/18/2014 -- Although the Philippines construction sector appears to have reached the peak of its growth cycle, we believe this should not be inferred as a negative reflection of the sector's growth potential. The country's construction sector is still expected to be the fastest growing in Asia over the medium-term (after Myanmar) as conditions that are ideal for construction activity persist. Having said that, the lack of significant progress with the government's Private-Public Partnership Programme suggests project execution risks in the country remain considerable and this is a major threat to our long-term outlook for the sector. Additionally, while the devastation stemming from Typhoon Yolanda could result in a positive short-term boost to construction activity, we note its impact on the overall construction environment in the country will likely be negative.
View Full Report Details and Table of Contents
Key Trends And Developments
- A consortium consisting of Philippines-based construction company, Megawide Construction and Indiabased infrastructure company GMR Infrastructure submitted the highest bid among six consortiums for the 25-year concession to expand and operate the Mactan-Cebu international airport under a publicprivate partnership (PPP) framework. If the GMR-Megawide consortium wins the concession for the PHP17.5bn (US$400mn) Mactan-Cebu project, it would be the company's fourth successful bid for a project under the Philippines' PPP Programme. Nevertheless, second highest bidder Filinvest Development Corporation claimed the Megawide-GMR consortium did not follow bidding rules, and it is therefore confident it will win the project instead. The process to determine whether or not the Megawide-GMR consortium did break bidding rules is ongoing.
- Philippine-based infrastructure company Metro Pacific Investments Corporation (MPIC) is reported to have signed a joint venture (JV) agreement on January 21 2014 with state-owned Philippine National Construction Corporation (PNCC) to develop a PHP23bn (US$509mn) toll road that connects the North Luzon expressway (NLEX) with the South Luzon expressway (SLEX).The 13.4km NLEX-SLEX connector was formerly part of the government's public-private partnership (PPP) programme, but was revised as a JV following MPIC's unsolicited bid for the four-lane elevated expressway project in Q313. The project is scheduled to be completed by June 2016. While commencement of the project suggests some progress is being made in terms of the PPP programme, we note delays elsewhere continue to be a major concern.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Construction research reports at Fast Market Research
You may also be interested in these related reports:
- Indonesia Infrastructure Report Q2 2014
- Angola Infrastructure Report Q2 2014
- Poland Infrastructure Report Q2 2014
- China Infrastructure Report Q2 2014
- Iraq Infrastructure Report Q2 2014
- Cameroon Infrastructure Report Q2 2014
- Saudi Arabia Infrastructure Report Q2 2014
- Australia Infrastructure Report Q2 2014
- Russia Infrastructure Report Q2 2014
- Czech Republic Infrastructure Report Q2 2014