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Thailand Infrastructure Report Q1 2013

Thailand Infrastructure Report Q1 2013

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Additional Information

Price	$1,175.00
Publisher	Business Monitor International
Date of Report	Jan 16, 2013

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Quick Overview

BMI View: We continue to expect a recovery for Thailand's construction sector in 2012, with the
underlying assumptions for a recovery (such as the implementation of flood prevention measures, robust
building construction activity and conducive monetary conditions for construction) still holding firm.
Indeed, strong reported performance in Q212 has prompted us to revise up our 2012 forecasts for
Thailand's construction sector, with real growth expected to reach 5.0% in 2012, from a previous
forecast of 4.0%. Looking ahead, we believe that the factors supporting out bullish 2012 outlook will spill
over in 2013. This, combined with increased access to infrastructure financing and a large pipeline of
infrastructure projects, should keep construction activity relatively robust over the coming years. We are
forecasting construction real growth to reach 4.5% in 2013 and to average 3.2% between 2014 and 2017.
Key developments in the country's infrastructure industry include:
?? In August 2012, Thailand announced that it was seeking a consortium to oversee the country's
water management plan - the plan involves 14 large-scale projects, worth a combined
THB300bn (US$9.5bn) - and we believe this tendering process is still ongoing as of November
2012. The plan is expected to be divided into 14 major projects, with eight projects located in the
Chao Phraya River Basin and six projects in six other river basins.
?? In August 2012, The Thai government announced that it would launch a commercial tender for
the construction of a new high-speed railway network in Q113. The THB400bn tender will
involve the construction of four new railway lines - the Bangkok-Hua Hin, Bangkok-Nakhon
Ratchasima, Bangkok-Pattaya and Bangkok-Pitsanulok (Chiang Mai) railway lines - and
encompass a total of 250km. Construction of the network is scheduled for completion by 2018.
?? In September 2012, Thailand's Energy Regulatory Commission (ERC) said that it is due to
launch a tender for the construction of six 900MW gas-based power plants in late-2013, reports
the Nation. The plants will be developed under the independent power producer (IPP) scheme.
The ERC will launch the tender after the completion of the bidding terms of reference (ToR),
which will take a year. The ERC is in the process short listing an adviser who will be responsible
for completing the ToR.
?? In late-September 2012, Thailand's Transport Minister, Charupong Ruangsuwan, said that his
ministry would consider delaying or cancelling the plan to construct the third phase of the Laem
Chabang deep-sea port project in Pattaya and the Pak Bara port project in south Thailand. This is
because the country's private sector had expressed a preference for a port to be constructed in
Map Ta Phut, and that there were growing concerns about the environmental problems that could
arise from expanding and developing the Laem Chabang and Pak Bara ports respectively.

Table of Contents

BMI Industry View ........................................................................................................................................... 5
SWOT Analysis ................................................................................................................................................ 6
Thailand Infrastructure SWOT ............................................................................................................................................................................. 6
Market Overview .............................................................................................................................................. 7
Competitive Landscape .............................................................................................................................................................................................. 8
Table: EQS Data................................................................................................................................................................................................... 8
Building Materials ........................................................................................................................................... 9
Asia ............................................................................................................................................................................................................................ 9
Cement Forecast ...................................................................................................................................................................................................... 16
Table: Thailand Cement Production And Consumption Data, 2010-2016 ........................................................................................................... 16
Table: Thailand Cement Production And Consumption Long Term Forecasts, 2015-2021 ................................................................................. 16
Table: Thailand Construction And Infrastructure Industry Data, 2010-2016 ...................................................................................................... 17
Table: Thailand Construction And Infrastructure Long Term Forecasts, 2015-2021 .......................................................................................... 18
Construction And Infrastructure Forecast Scenario ................................................................................................................................................ 19
Transport Infrastructure ............................................................................................................................... 27
Table: Competitiveness Of Thailand's Infrastructure ......................................................................................................................................... 27
Major Projects Table - Transport ........................................................................................................................................................................... 37
Table: Major Projects - Transport ..................................................................................................................................................................... 37
Energy And Utilities Infrastructure ............................................................................................................... 41
Major Projects Table - Energy And Utilities ........................................................................................................................................................... 47
Table: Major Projects - Energy And Utilities..................................................................................................................................................... 47
Residential/Non-Residential Construction And Social Infrastructure ...................................................... 52
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure ................................................................................. 54
Table: Major Projects/Non-Residential Construction And Social Infrastructure ................................................................................................. 54
Risk/Reward Ratings ..................................................................................................................................... 55
Thailand's Risk/Reward Ratings .............................................................................................................................................................................. 55
Rewards .............................................................................................................................................................................................................. 55
Risks ................................................................................................................................................................................................................... 55
Regional Overview ................................................................................................................................................................................................... 56
Asia Pacific Infrastructure Risk/Reward Ratings ................................................................................................................................................ 56
Table: Asia Infrastructure Risk/Reward Ratings ................................................................................................................................................. 62
Company Monitor .......................................................................................................................................... 63
CH Karnchang .................................................................................................................................................................................................... 63
Siam Cement ....................................................................................................................................................................................................... 67
Italian-Thai Development Public Company ........................................................................................................................................................ 70
Global Overview ............................................................................................................................................ 73
Methodology .................................................................................................................................................. 80
Industry Forecasts ................................................................................................................................................................................................... 80
Construction Industry ......................................................................................................................................................................................... 81
Data Methodology .............................................................................................................................................................................................. 81
New Infrastructure Data Sub-sectors .................................................................................................................................................................. 81
Construction ....................................................................................................................................................................................................... 83
Capital Investment .............................................................................................................................................................................................. 84
Construction Sector Employment ........................................................................................................................................................................ 84
Infrastructure Risk/Reward Ratings ......................................................................................................................................................................... 85
Table: Infrastructure Business Environment Indicators ..................................................................................................................................... 86