DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/ca59b594/poland_infrastruct) has announced the addition of the "Poland Infrastructure Report Q2 2012" report to their offering.
The artificial demand created in the Polish construction industry is beginning to subside as projects near completion ahead of the Euro 2012 football tournament. Going forward, BMI expects the segment to suffer from a handover of this investment boost and, accordingly, forecasts a slack 3% year-on- year (y-o-y) annual average growth in construction industry value over the period 2012-2016, marking a clear slowdown compared with the 11.3% growth seen between 2006 and 2010.
After an estimated 4.1% y-o-y growth in real terms during 2011, the author expects the construction industry growth to be affected by weaknesses in both the infrastructure and the residential and non-residential building segments during 2012. Growth in the residential and non-residential building segment will be limited to only 2% y-o-y in 2012, while infrastructure will grow at only 3.4%.
Key Growth Drivers During the Remainder of the Forecast Period Include:
- Road building programme: Poland's road building programme, running from 2007 to 2015, is expected to draw US$60bn of investment into the sector. The programme has been a blessing for European construction majors and Poland's largest builders, which have faced depleted contract opportunities in other core European markets.
- Renewable and nuclear power growth: A slew of gas, coal and renewable projects are in the pipeline, driving industry growth expectations. In January 2012, Polish electricity utility Tauron signed a contract with Spanish utility Iberdrola for the construction of a wind power plant in the north-west region of Poland. The greatest boost to the energy and utilities segment will potentially come from plans to construct two nuclear power plants. Construction is planned to start in 2016 (to be completed in 2022), at an estimated combined cost of EUR15-18bn.
Companies Mentioned:
- Budimex
- Mostostal Warszawa
- Skanska Poland
For more information visit http://www.researchandmarkets.com/research/ca59b594/poland_infrastruct