"Slovakia Infrastructure Report 2015" is now available at Fast Market Research

BMI has revised down its 2014 forecast for Slovakia's construction industry to -3.8% on the back of weak indicators across the industry. In the nine months to September 2014 construction output fell 3.2% year-on-year to EUR3.1bn, according to the Statistical Office of the Slovak Republic. 2015 should, however, see a return to positive growth ( BMI forecasts 1.1%) driven by EU energy and transport integration projects and an improving economic picture. The infrastructure sector will remain the key driver for construction industry growth to the end of our forecast period in 2024, despite accounting for only 25% of the total construction picture, and while we forecast construction industry growth remaining positive throughout this period, it will be weak and will begin to slow after a high of 1.7% in 2017.

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Key developments informing our forecast include:

? Highways projects back on course: In April 2014, Italian firm Salini Impregilo won the EUR410mn contract to construct the 13.4km Lietavská Lú?ka to Viš?ové and Dubná Skala section of the D1 motorway in northern Slovakia, including five overpasses with an overall length of 2.5km, as well as a 7.5km twin-tube tunnel, according to Construction Europe. The section - linking Bratislava with Uzhorod in Ukraine and due for completion in 2020 - comes under the EU's Trans-European Network (TEN-T) plans and is therefore eligible for funding from the EIB and Slovakian government. BMI has the view that the EU's raft of transport network project funding announced in 2013, which will benefit Slovak road and rail development/upgrading to better integrate with a European network, should act as a driver for improved project handling, supported by a stable political outlook.

? EU gas security in the balance: The EU's desire to limit Russian gas reliance gained a boost in December 2014 when Russian President Vladimir Putin announced the cancellation of the EUR40bn South Stream gas pipeline. The project had...

The Slovakia 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 Slovakia Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Slovak infrastructure and construction industry.

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