Romania Infrastructure Report

Published 02 February 2015

  • 76 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Romania Infrastructure Report

BMI View: BMI downgraded its outlook for the infrastructure sector in Q2 2015 report as Romanian construction sector 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 dampened the construction sector's performance and weighed heavily on civil engineering sector. 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, however, BMI is yet to see a turnaround. Consequently, BMI forecasts cautious recovery only 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.

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.

  • In December 2014, Greek firm AKTOR signed a RON549mn (USD154.25mn) deal to build Lot 2 of the motorway from Sebes to Turda in Romania. The contract has been signed through Euroconstruct Trading '98 in which Aktor holds a 51% stake. The European Commission Cohesion Fund will finance 85% of the project, while the commission's Sectoral Operational Programme-Transport will finance the remaining 15%. The 24.25km long motorway will have two traffic lanes and one emergency lane in each direction. The motorway will have a maintenance and...

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction & Infrastructure Industry Data (Romania 2012-2017)
10
Table: Construction & Infrastructure Industry Data (Romania 2018-2023)
11
Transport Infrastructure - Outlook and Overview
17
Table: Transport Infrastructure Industry Data (Romania 2012-2017)
17
Table: Transport Infrastructure Industry Data (Romania 2018-2023)
18
Major Projects Table - Transport
26
Table: Major Projects - Transport
26
Energy And Utilities Infrastructure - Outlook and Overview
31
Table: Energy & Utilities Infrastructure Data (Romania 2012-2017)
31
Table: Energy & Utilities Infrastructure Data (Romania 2018-2023)
32
Major Projects Table - Energy & Utilities
39
Table: Major Projects Table - Energy & Utilities
39
Residential/Non-Residential Building - Outlook and Overview
44
Table: Residential & Non-Residential Building Industry Data (Romania 2012-2017)
44
Table: Residential & Non-Residential Building Industry Data (Romania 2018-2023)
44
Major Projects Table - Residential & Non-Residential Buildings
46
Table: Major Projects Table - Residential & Non-Residential Buildings
46
Industry Risk Reward Ratings
47
Romania Infrastructure Risk/Reward Ratings
47
Rewards
47
Risks
48
Central And Eastern Europe - Infrastructure Risk/Reward Index
49
Limited Access To Funding
53
Table: Central And Eastern Europe Risk Reward Index
54
Market Overview
55
Competitive Landscape
55
Table: Key Company Financials
56
Company Profile
58
Strabag
58
Global Industry Overview
60
Table: Construction Industry Value, Real Terms, % Change
61
Table: BMI's Top 5 Markets
65
Methodology
67
Industry Forecast Methodology
67
Sector-Specific Methodology
68
Risk/Reward Index Methodology
72
Sector-Specific Methodology
73
Table: Infrastructure Risk/Reward Index Indicators
73
Table: Weighting Of Indicators
74

The Romania 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 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.

Key Benefits

  • 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).

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