DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/82f51d/singapore_infrastr) has announced the addition of the "Singapore Infrastructure Report Q4 2011" report to their offering.
Business Monitor International's Singapore Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Singapore's infrastructure industry.
BMI View: Singapore's construction industry looks ever more likely to revert back to more moderate growth levels, with latest estimates released by the Singaporean statistical board showing real growth for the construction industry in Q211 reaching a lower than expected 1.6% year-on-year (y-o-y). This brought construction real growth for the first half of 2011 to 2.0% y-o-y, a strong indication that stimulus measures launched during the global economic crisis have run their course. Consequently, we have revised down our full-year forecasts for the construction industry, with real growth for the sector reaching 3.7% y-o-y in 2011.
Key drivers affecting infrastructure growth include:
- In May 2011, Singapore-based electricity transmission and distribution (T&D) services provider SP PowerGrid started the tendering process for the construction of two multibillion dollar underground cable tunnels, the second-phase development of the country's extra-high voltage electricity grid network. Bids for their engineering, procurement and construction (EPC) contracts are scheduled to be called in Q311, and the two tunnels are expected to be completed in 2016 and 2017, respectively.
- In early July 2011, Sembcorp started construction work on a US$40mn integrated wastewater treatment plant in Jurong Island, the petrochemical hub of Singapore. The new plant will have the capacity to treat 9,600 cubic metres per day (m3/d) of complex industrial wastewater.
Read more inside Singapore Infrastructure Report Q4 2011
Companies Mentioned:
- Dragages Singapore
- Hock Lian Seng Infrastructure Limited (HLS)
- Sembcorp Industries
- Hyflux
For more information visit http://www.researchandmarkets.com/research/82f51d/singapore_infrastr