Business Monitor International


Bulgaria Infrastructure Report

Published 10 March 2014

  • 66 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Bulgaria Infrastructure Report

BMI View: Our estimate for a construction industry contraction in Bulgaria in 2013 aligns with official data published for the first nine months of the year of -2.8% real growth. The industry's recession that started in 2009 and experienced record low of -17.9% in 2010 continued throughout 2013. However, we believe the worst is now over. Signs of growth are expected in the transport infrastructure sector from 2014, mostly driven by road and railway projects. This leads us to forecast a return to growth in the overall construction sector from 2014 with low , but positive growth at 1. 5 % .

Key Trends And D evelopments

  • The municipality of Sofia and the European Investment Bank (EIB) signed a EUR50mn (US$68.97mn) loan agreement in October 2013 to fund a transport infrastructure programme in Sofia, during the period 2013-2016. The project includes construction, reconstruction, expansion and rehabilitation works for 22 small road schemes in the capital, totalling about 56km.

  • Additional sections of the Struma motorway development project secured EUR274mn (US$359.48mn) in financial assistance from the European Commission. Work comprises the construction of a dual carriageway between Dolna Dikanya and Blagoevgrad, and from Sandanski to the border crossing with Greece at Kulata. The three sections - lots 1, 2 and 4 - cover 68.5km and are scheduled to be completed by the end of 2015. Work is also due to include preparation for the construction of the Blagoevgrad-Sandanski section (lot 3), entailing tunnels bypassing the Kresna gorge.

  • However, infrastructure projects in Bulgaria continue to face strong headwinds due to the lack of investor confidence and endemic corruption. We only forecast positive growth to return to the construction industry in 2014 with 1.5% real growth, after five years of recession.

  • Elevated unemployment reinforces our view that Bulgaria's economy continues to face major challenges in the form of low business and consumer...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Industry Forecast
10
Table: Bulgaria Construction And Infrastructure Industry Data
10
Table: Bulgaria Construction And Infrastructure Industry Data
11
Transport Infrastructure - Outlook And Overview
17
Table: Bulgaria Transport Infrastructure Industry Data And Forecasts
17
Table: Bulgaria Transport Infrastructure Industry Data And Forecasts
18
Major Projects Table - Transport
23
Table: Major Projects Table - Transport
23
Energy And Utilities Infrastructure - Outlook And Overview
26
Table: Bulgaria Energy and Utilities Infrastructure Industry Data
26
Table: Bulgaria Energy and Utilities Infrastructure Industry Data
27
Major Projects Table - Energy & Utilities
31
Table: Major Projects Table - Energy And Utilities
31
Residential/NonResidential Building - Outlook And Overview
34
Table: Bulgaria Residential And Non-Residential Building Industry Data
34
Table: Bulgaria Residential And Non-Residential Building Industry Data
34
Industry Risk Reward Ratings
36
Bulgaria - Infrastructure Risk/Reward Ratings
36
Rewards
36
Risks
36
CEE - Infrastructure Risk/Reward Ratings
37
Table: Central And Eastern Europe Risk Reward Ratings
43
Market Overview
44
Competitive Landscape
44
Table: EQS Table
45
Company Profile
46
Glavbolgarstroy
46
Mott MacDonald
48
Global Infrastructure Overview
50
Africa In 2014: PPPs Cement Global Appeal
50
Asia-Pacific In 2014: Shaping Up To Be A Benign Year
55
Latin America In 2014: A Prosperous Year For Infrastructure Development
62
MENA In 2014: Reaping Rewards Despite Risks
66
North America And Europe In 2014: Turning A Corner
71
Methodology
78
Industry Forecast Methodology
78
Sector-Specific Methodology
79
Risk/Reward Rating Methodology
83
Sector-Specific Methodology
84
Table: Infrastructure Risk/Reward Rating Indicators
84
Table: Weighting Of Indicators
85

The Bulgaria Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Bulgaria Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Bulgarian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Bulgaria to test other views - a key input for successful budgetary and planning in the Bulgarian infrastructure market.
  • Target business opportunities and risks in the Bulgarian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Bulgaria.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Ratings

BMI's Infrastructure Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc