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Market Report, "Taiwan Infrastructure Report Q2 2013", Published

Recently published research from Business Monitor International, "Taiwan Infrastructure Report Q2 2013", is now available at Fast Market Research

Published on 06 May 2013

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by Bill Thompson


Boston, MA

As expected, Taiwan's construction sector is experiencing a short-term recovery, with growth achieved for the first quarter since Q211. However, the recovery in construction activity is going to be weaker than we had previously anticipated, with construction real growth forecasts to reach 2.0% in 2013 (previously 4.9%). This is primarily due to our expectations of a deep economic slowdown in China, Taiwan's main trading partner, in 2013. Over the long term, we remain concerned about Taiwan's demographic profile and the lack of progress with achieving greater economic integration with China. Both factors could create a dour investment climate for construction, and we have revised down our long-term forecasts to reflect this outlook.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/589256_taiwan_infrastructure_report_q2_2013.aspx?afid=201)

Key developments that will impact growth include:

- In January 2013, a consortium consisting of CAF and Taiwan's Evergreen Construction were awarded a TWD5.7bn turnkey contract to complete construction of the first stage of the Kaohsiung circular light rail project by October 2014. The turnkey tender (cited from Railway Gazette) covers detailed design, civil works, track, power supplies and vehicles, With CAF providing the vehicles. The first phase entails the construction of the 8.7km Qianzhen-Xiziwan section. -   - In January 2013, the Taiwanese Council for Economic Planning and Development announced that it has approved the construction of a TWD15.3bn new light rail network and expect construction works to start in 2013. The network, located in New Taipei City's Tamsui district, will involve the construction of 14km of track and a total of 20 stations. Based on the bureau's plans, there would be two light rail routes in the district - the Green Mountain Line and the Blue Sea Line. The construction would be carried out in two stages. The bureau added that the first stage of construction is scheduled to be completed in 2018, while the second stage completed in 2023. -   - In February 2013, a consortium was awarded a seven-year US$44mn contract to provide management services for the development of a new terminal at the Taiwan Taoyuan International Airport, reports Airport Technology. The consortium is comprised of Parsons Brinckerhoff, Netherlands Airport Consultants and T.Y. Lin International. The new terminal, Terminal 3, will have an annual capacity of 43mn passengers upon its completion in 2018. It will cost a total of US$1.66bn to develop. -   -

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  • Bill Thompson
  • Fast Market Research, Inc.
  • PR Contact
  • Tel: +14134857001
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Posted 2013-05-06 09:45:00