New market study, "Greece Infrastructure Report Q3 2010", has been published

July 12, 2010 - PRLog -- In spite of the recent financial and economic fallout, BMI maintains its view that Greece's infrastructure sector is going to be one of the most attractive in Europe. The combination of opportunities for large greenfield and brownfield projects, coupled with a positive track record on public private partnerships (PPPs) supports our view. Challenges remain of course, both on the macroeconomic front and in the wider business environment, as indicated in our ratings, but we believe that the upcoming privatisation of infrastructure assets will provide crucial momentum for the industry, which has been dormant the past two years.

Recent developments support this core view:

In June, the government announced the immediate divestments of state-owned stakes in infrastructure assets, as part of a wider divestment venture to raise EUR3bn. Railways, ports, airports and utilities are all part of the package;
* Interest from foreign investors for plays in Greek infrastructure has intensified. Chinese shipping company China Ocean Shipping (Group) Company (COSCO) has expressed a possible interest in the Thriasio Container/Logistics hub; Abu Dhabi port's company expressed interest in plans for the creation of an industrial-maritime complex in the area of Drapetsona and Keratsini; Qatar and Greece signed a memorandum of understanding (MoU) paving the way for US$6.6bn of Qatari investment in Greece's energy infrastructure, including the construction of a new liquefied natural gas (LNG) terminal in Astakos, western Greece; and,
* New concessions will be offered for airports, motorways and railways (metros mainly).

In light of these developments we have cautiously revised upwards our forecasts for the infrastructure industry value from 2011 onwards, driven by a revision of our port infrastructure industry forecast scenario. Official 2009 data for Greece's construction industry value indicate that our long-held forecast of EUR9.8bn was slightly bullish, with the figure coming at EUR9.6bn. We have revised down our forecasts for 2010, because the first half of the year has passed without any major projects entering the construction phase.

Renewed activity in infrastructure will also help rebuild the order books of medium-sized construction companies that have been through a terrible year. With the exception of the big three in the Greek construction sector (GEK Terna, Ellaktor, J&P Avax) - which have large operations in the Balkans and Middle East that have helped maintain their order books over 2008 and 2009 - the medium sized infrastructure companies, which make most of their revenues in Greece, have been starved for projects.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/71656_greece_infrastructure_re...

Report Table of Contents:

Executive Summary
SWOT Analysis
- Greece Infrastructure SWOT
- Greece Infrastructure Project Finance SWOT
- Greece Economic SWOT
- Greece Political SWOT
Market Overview
- Greece
- Greek Infrastructure Divestments and Investments Fact Box
Industry Forecast Scenario
- Table: Industry and Construction Data
- Construction and Infrastructure Forecast Scenario
Transport Infrastructure
- Table: Transport Industry Data
- Transport Infrastructure Forecast Scenario
- Transport Infrastructure Overview
- Major Projects - New and Ongoing Projects
- Airports
- Ports
- Roads
- Railways
- Major Projects Table - Transport
- Table: Major Infrastructure Projects - Transport
Energy and Utilities Infrastructure
- Table: Energy & Utilities Industry Data
- Energy and Utilities Infrastructure Forecast Scenario
- Energy and Utilities Infrastructure Overview
- Major Projects - New and Ongoing Projects
- Power Plants
- Oil and Gas Pipelines
- Water
- Major Projects Table - Energy and Utilities
- Table: Major Infrastructure Projetcs - Energy & Utilities
Business Environment
- Greece Business Environment
- Limits Of Potential Returns
- Risk To Realisation Of Potential Returns
- Regional Overview
- Developed States Business Environment Ratings
- Table: Developed Countries Infrastructure Business Environment Ratings
Project Finance Ratings
- Greece Project Finance Ratings
- Design and Construction
- Commissioning and Operating
- Overall Project Finance Rating
- Regional Overview
- Project Finance Ratings: Outlook For Developed States
- Table: Design and Construction Rating
- Table: Commissioning and Operating Rating
- Table: Overall Project Finance Rating
Macroeconomic Outlook
- Table: Greece - Economic Activity
Political Outlook
Company Monitor
- GEK Terna S.A
- Aktor
- J&P-AVAX Group
Global Overview
- Global Project Finance Ratings
- Table: Design and Construction Rating
- Table: Commissioning and Operating Rating
- Table: Overall Project Finance Rating
- Global Infrastructure Business Environment Ratings
- China And India Break Into Top 10
- Table: Global Infrastructure Business Environment Ratings, April 2010
Methodology
- New Infrastructure Data Sub-sectors: Methodology
- Infrastructure Forecasts: Methodology
- Sources
- Industry Forecasts
- Construction Industry
- Data Methodology
- Construction
- Capital Investment
- Construction Sector Employment
- Infrastructure Business Environment Ratings
- Ratings Overview
- Table: Infrastructure Business Environment Indicators
- Project Finance Ratings
- Table: Design And Construction Phase
- Table: Commissioning And Operating Phase - Commercial Construction
- Table: Commissioning And Operating Phase - Energy And Utilities
- Table: Commissioning And Operating Phase - Transport
- Sources

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