Philippines Infrastructure Construction Sees Growth in Investment, States BrikStats Consulting in Its Report Published at MarketPublishers.com11 Jul 2016 • by Natalie Aster
LONDON – Over the last 3-4 years, the Philippines’ infrastructure market has grown rapidly in the sector investments. Traditionally, the Republic of the Philippines has invested just 2-3% of the country’s gross domestic product (GDP) in infrastructure. Nevertheless, the country is moving toward attaining higher infrastructure expenditure rate with a focus on having 7-9% of the nation’s GDP invested in infrastructure.
The Aquino Government took a slew of initiatives towards the infrastructure development, with creation of the Disbursement Acceleration Programme (DAP) and the Philippine Development Plan (PDP) 2011-2016 being the 2 key milestones. The latter was launched with a view to enhancing the economic climate of the country. Infrastructure has been seen as a major factor to stimulate the Philippines’ rapid and prosperous growth. PDP aims to invite massive investments in developing the domestic infrastructure while a major share will likely be churned by the national government.
Attaching its priority to infrastructure, the Philippines has embarked upon extensive series of megaprojects with the investment of USD 85 billion since 2010.
Amid the growing construction opportunities, however, the Philippines is facing with a host of challenges such as increased corruption mainly affecting the project bidding process, dearth of funds and investors, high schedule and cost overruns impacting the project performance, leading to higher risks for contractors and all those engaged in a project.
Topical report “Philippines Construction Outlook to 2020: Infrastructure Project Opportunities and Market Challenges” by BrikStats Consulting explores the country’s infrastructure and construction industry alongside giving detailed sub-sector level expenditure forecasts. The study identifies the current opportunities in the country, outlines the facts on the associated risks and anticipated returns in the infrastructure domain. It offers a detailed economic analysis to provide the country’s future outlook. The report includes market size of oncoming or un-awarded project contracts in detail and provides a shrewd review of the top clients, contractors, consultants, etc. Additionally, it limelights the major trends in the industry and their likely impact on the companies’ business decisions.
More reports by the publisher can be found at BrikStats Consulting page.