|
|
Australia Infrastructure Report Q4 2009Published by: Business Monitor International Published: Aug. 6, 2009 - 84 Pages Table of Contents
AbstractWe have revised our forecasts again this quarter - but this time only slightly - after a heavier revision onthe back of a supplementary budget last quarter. We now anticipate that real output in Australia’sconstruction sector will contract by only 0.8% in 2009, compared with our previous forecast of acontraction of 1.2%. Before the supplementary budget, we had predicted that the sector would contract by3.2% this year. In 2010, we believe that the sector will undergo real growth of 0.2%, before acceleratingto 1.8% real growth in 2011. Upside and downside risks to our forecasts remain in place, although upsiderisks predominate, particularly in 2010. Our core scenario envisages only a modest recovery of the globaleconomy in 2010, and that if the recovery proves to be more pronounced then privately generatedconstruction activity in Australia should be boosted accordingly. That upside risk remains in place,particularly since Australia’s economy appears to be weathering the global downturn better than manyother countries.Japan-based Mitsubishi Heavy Industries, one of the world's leading heavy machinery manufacturers,has signed a AUD4.3bn (US$3.4bn) agreement with Australia's ZeroGen Pty, a state-owned company, tostudy a project to build a cleaner-burning coal-fired power plant, reports Bloomberg (June 2009). Underthe agreement, a feasibility study for a 530MW power station, whose commercial operation is scheduledfor September 2015, will be conducted by Mitsubishi Heavy and Mitsubishi Corporation. On June 122009, BMI reported that Mitsubishi was in discussions to co-operate on the project, and the agreementwas signed on June 22 2009. The plant is based on carbon-capture technology, which will reduce carbondioxide emissions by 60-90%. Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||