Cote d'Ivoire Infrastructure Report Q3 2012

Date: May 29, 2012
Pages: 52
US$ 1,175.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download
ID: C900A513890EN

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Includes 3 FREE quarterly updates

BMI View: While we anticipated lacklustre growth in Côte d’Ivoire’s infrastructure market in 2011, we see an increasing likelihood of growth returning to the positive territory in 2012. A combination of favourable base effects and President Alassane Ouattara's pledge to focus on much-needed and delayed infrastructure projects will propel the industry back to positive growth. Though elections were an encouraging first step towards greater political and social stability, political risk remains elevated. As such, infrastructure development will continue to rely on government spending and official development assistance in the coming years.

There are numerous factors supporting our view that the sector will post strong, albeit gradual, growth:
  • News that the Henri Konan Bédié toll bridge project in Cote d'Ivoire has secured AfDB financing is an encouraging sign of progress for one of the most viable public-private partnership (PPP) projects in Sub-Saharan Africa. French construction company Bouygues has been awarded the 30-year concession under a Build-Operate-Transfer (BOT) model, highlighting the strong dominant position of French infrastructure companies in Cote d’Ivoire’s competitive landscape.
  • The Ivorian economy is undergoing its most rapid expansion in two decades. The beginning of the end of the deep political divisions within the Ivorian society has permitted economic activity to flourish, with exports and government investment picking up.
  • There are also signs that the business environment in Côte d'Ivoire's oil and gas sector may be starting to recover. In December 2011, Joel Dervain, the Director General of the Societe Ivorienne de Raffinage (SIR) refinery in Côte d'Ivoire, announced plans to invest EUR1bn (US$1.44bn) to boost capacity by 80,000 barrels per day (b/d) by 2021, in order to increase its annual refining capacity to 100,000b/d.
  • Cote d'Ivoire-based power company Ciprel has announced plans to build two new power plants at a cost of US$311mn, according to Reuters. The gas- and steam-powered plants will increase Ciprel's capacity by 222MW by 2014. Construction will be funded by a bond issue. This is good news for Côte d’Ivoire, as the country has been plagued by blackouts.
We expect robust 12.4% growth in construction industry value in 2012. This is a vast improvement from the estimated 11.9% fall in 2011, which occurred following the tumultuous December 2010 presidential elections. We do, however, warn that there are severe downside risks to our view. The private sector will be particularly wary of entering the country until President Ouattara demonstrates he can maintain political stability and head off potential challenges to his administration. The risk of sudden and unpredictable violent episodes also remains high.
BMI Industry View
SWOT Analysis
Cote D’Ivoire Infrastructure Industry SWOT
Market Overview
West Africa Competitive Landscape
  Table: Domicile and Number of Contractors In West Africa, 2011
Building Materials
Global Overview
Regional Overview
Cement Forecasts
  Table: Cote d'Ivoire Cement Production and Consumption Data. 2008 - 2016
  Table: Cote d'Ivoire Cement Production and Consumption Long Term Forecasts, 2013 - 2021
Industry Forecast Scenario
  Table: Cote d'Ivoire Construction And Infrastructure Industry Data, 2008 - 2016
  Table: Cote d'Ivoire Construction And Infrastructure Long Term Forecasts, 2013 - 2021
Construction And Infrastructure Forecast Scenario
Transport Infrastructure
Regional Transport Infrastructure Outlook And Overview
Major Projects Table – Transport
  Table: Largest Transport Infrastructure Projects in West Africa
Energy And Utilities Infrastructure
Regional Energy And Utilities Infrastructure Outlook And Overview
Residential/Non-Residential Construction and Social Infrastructure
Regional Residential/Non-Residential Building Outlook And Overview
Risk/Reward Ratings
Cote D’Ivoire Risk/Reward Ratings
Regional Overview
  Table: Regional Infrastructure Risk/Reward Ratings
Global Overview
Industry Forecasts
Construction Industry
Data Methodology
New Infrastructure Data Sub-sectors
Capital Investment
Construction Sector Employment
Infrastructure Risk/Reward Ratings
  Table: Infrastructure Business Environment Indicators
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