Philippines Infrastructure Report

Published 15 May 2015

  • 112 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Philippines Infrastructure Report
  • BMI View: The Philippines will continue to see strong growth in 2015, underpinned by growth in residential construction, while a stable monetary policy will also lift private construction. We expect a moderation in growth beyond 2015 as the upcoming elections hinder construction projects, while the Supreme Court's ruling on the Dis bursement Acceleration Program will also result in more cautious spending on infrastructure by government agencies.

Key Trends And Developments

  • We expect the Philippines' construction sector to register double-digit real growth in 2015, expanding by 10.9% in 2015, with growth largely underpinned by the private sector. The residential building boom continues to lift construction activity, while the government maintains a relatively stable monetary policy

  • Public construction would also be supported by an acceleration of the Public-Private Partnership, as President Aquino Benigno look to approve more projects over the coming quarters before the upcoming elections in 2016.

  • We expect growth to moderate beyond 2015, as the elections would disrupt policy continuity. A change in leadership would also signal a review of current projects, which will lead to project delays.

  • The Supreme Court's ruling on some of the acts under the Disbursement Acceleration Program as unconstitutional will also limit spending on infrastructure by public agencies.

  • The energy and utilities segment will be a key growth area, with a water deficit in Metro Manila driving demand for water projects. The energy sector will also have significant room for growth, with gas expected to be the favoured source for power generation.

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Table of Contents

BMI Industry View
7
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Table: Construction And Infrastructure Industry Data (Philippines 2012-2017)
11
Table: Construction And Infrastructure Industry Data (Philippines 2018-2023)
11
Transport Infrastructure - Outlook And Overview
20
Table: Competitiveness Of Philippines's Infrastructure
20
Table: Consortiums Interested In The CALA Expressway
23
Table: Major Projects - Transport
32
Energy And Utilities Infrastructure - Outlook And Overview
40
Table: Cross-Island Interconnections
50
Table: Major Projects - Energy and Utilities
55
Residential/Non-Residential Building - Outlook And Overview
64
Table: Residential and Non-Residential Building Industry Data (Philippines 2012-2017)
64
Table: Residential and Non-Residential Building Industry Data (Philippines 2018-2023)
64
Table: Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
71
Industry Risk Reward Ratings
73
Philippines - Infrastructure Risk/Reward Ratings
73
Rewards
73
Risks
74
Asia Pacific - Infrastructure Risk/Reward Ratings
75
Developed Markets: Favoured
76
Giants Of Asia: Rewards Sizeable, Risks Sizeable
78
South East Asia: Political Risks Rises
80
Table: Asia Pacific Infrastructure Risk Reward Ratings
83
Market Overview
84
Competitive Landscape
84
Table: EQS Data
84
Table: Philippines - Projects Under PPP Programme, At Advanced Stage
86
Table: Philippines - Projects Under PPP Programme, At Early Stage
87
Company Profile
93
EEI Corporation
93
First Balfour
97
San Miguel Corporation (SMC)
101
Global Infrastructure Overview
108
Middle East/North Africa Presents Strongest Investment Profile
108
Methodology
114
Industry Forecast Methodology
114
Sector-Specific Methodology
115
Risk/Reward Rating Methodology
119
Sector-Specific Methodology
120
Table: Infrastructure Risk/Reward Rating Indicators
120
Table: Weighting Of Indicators
121

The Philippines Infrastructure Report features BMI Research'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 Philippines Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Philippine infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Philippines to test other views - a key input for successful budgetary and planning in the Philippine infrastructure market.
  • Target business opportunities and risks in the Philippine infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Philippines.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

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 national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc