Builders with global footprints might find the infrastructure sectors to be attractive for new business prospects in Thailand and the Czech Republic. New Timetric reports predict Thailand’s construction growth to hit 7.6% this year with major investments in greener power plants, and the Czech Republic is keen on constructing two nuclear power plants in the coming years.
For Thailand, the report predicts an increase in the electricity generation capacity due to high demand and government investment, especially because of the floods of 2011. The government hopes to double production by 2030, and alongside the Energy Efficiency Development Plan (EEDP), hopes to bring down energy intensity by 25% by the same year.
The future investments and greener power plants are expected to pave the way for an increase in sustainable construction projects in the Thai commercial and residential markets. The Thai construction Industry plans to improve its already existing rail infrastructure and to introduce several mass transit routes, setting it on course to surpass other Asian construction industries in Japan, South Korea and Singapore. The country is increasing investments in education and is expected to become a hub for higher- education students across the Association of Southeast Asian Nations (ASEAN) region by 2026. The report is titled: “Construction in Thailand – Key Trends and Opportunities to 2017.”
Meanwhile, Timetric reported the Czech Republic expects to build two nuclear reactors to inspire energy and communications construction to a value of US$1.2 billion by 2017. The reactors will be constructed at Temelin and Dukovany. They will increase production to 46.5 terrawatt hours (TWh) by 2025 and 55.2 TWh a year later. The reactors are expected to push the infrastructure construction market to a compound annual growth rate of 2.15% in the next five years.
Despite a CAGR of -1.82% during 2008-2013 due to budgetary constraints and the economic crisis, infrastructure construction was the largest market in the Czech construction industry holding a 49.4% share in 2012. There is uncertainty here though, according to Timetric’s press release, since the resignation of the Czech Prime Minister Petr Necas following wiretapping and corruption scandals. The Czech government now has to face key decisions in awarding the public contracts. American and Russian bidders are wondering whether the Temelin plant will actually be expanded. The report on the Czech Republic is titled: “Construction in the Czech Republic – Key Trends and Opportunities to 2017.”