2009-11-28 18:25:18 - Fast Market Research recommends "Greece Infrastructure Report Q4 2009" from Business Monitor International, now available

A growing budget deficit and burdensome public debt are severe threats to the Greek economy. They are also a major constraint on the government as it attempts to tackle the coming recession. This continues to impede the government's ability to implement stimulus plans like other European peers, leaving the overall outlook for investments in infrastructure unchanged for this quarter. In

BMI's Q209 Greece Infrastructure Report, we forecast that construction sector real growth will continue along the downward trend it embarked on in 2008 as revised data from the national statistics agency revealed. Little activity has been recorded in the infrastructure sector in the past quarter; while the intentions and capabilities gap for public private partnerships (PPP) is widening as the crisis deteriorates. The industry took a heavy blow when Hutchison walked away from the Thessaloniki port concession in December 2008, and the subsequent cancelation of the tender in March 2009 left the government to foot the bill for the expansion projects. The upcoming litmus test for the industry will be the launch of the tender for concession for the Heraklion airport in Crete. Private sector involvement becomes more important when looking at macroeconomic indicators: The budget will come under strain from falling revenues and according to BMI forecasts, the ballooning external debt of the government will slow short-to-medium term growth, because the government has to revise its debt obligations and fiscal responsibilities, potentially slowing developments in the infrastructure sector. This will be accentuated further with liquidity drying up rapidly in the financial system, making raising capital extremely difficult in 2009 and 2010. Major players in the Greek infrastructure industry include locals Elliniki Technodomiki-Aktor-TEB Group, J&P-AVAX, Terna, Mytilineos, Aegek and Athena, some of which also have significant operations abroad, mainly in the Balkans and Middle East. We anticipate that expansion abroad will become an even greater of part of corporate strategy in the coming years, as it will help offset the downturn in Greece. However, it should be noted that with the possible exception of Saudi Arabia and Qatar, the rest of the Middle East and the entire Balkan region does not look too promising for 2009-2010 either.

Report Table of Contents:

Executive Summary
Market Overview
Greece
Global Overview
Governments To The Rescue: The Global Surge In Infrastructure Spending
Table: Infrastructure Stimulus Plans List
SWOT Analysis
Greece Infrastructure Industry SWOT
Greece Political SWOT
Greece Economic SWOT
Greece Business Environment SWOT
Major Infrastructure Developments And Key Projects
Transport Infrastructure Overview
Table: Greece Infrastructure Rankings
New And Ongoing Projects
Airports
Ports
Road Networks
Rail Networks
Other Transport
Table: Greece Major Infrastructure Projects - Transport
Energy And Utilities Infrastructure Overview
New And Ongoing Projects
Power Plants And Transmission Grids
Oil And Gas Pipelines
Water
Table: Greece Major Infrastructure Projects - Energy And Utilities
Construction Overview
Construction Overview
New And Ongoing Projects
Commercial Construction
Industrial Construction
Tourism Construction
Table: Major Infrastructure Projects - Construction
Industry Forecast Scenario
Table: Greece - Industry And Construction Data
Business Environment
Table: Western Europe Regional Infrastructure Business Environment Ratings
Limits Of Potential Returns
Risk To Realisation Of Potential Returns
Project Finance Ratings: Outlook For Western Europe
Table: Design And Construction Rating
Table: Commissioning And Operating Rating
Table: Overall Project Finance Rating
Foreign Investment Policy
Labour Force
Legal Regime
Property Rights
Tax Regime
Macroeconomic Outlook
Table: Greece - Economic Activity
Political Outlook
Company Monitor
Terna S.A
Aktor
J&P-AVAX Group


For more information or to purchase this report, go to www.fastmr.com/catalog/product.aspx?productid=39383

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.

BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including Daily Alerts, monthly regional Insights, and in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.