Ken Research has announced recent publication titled, “Infrastructure Construction in Portugal to 2020: Market Forecast” which provides detailed historic and forecast market value data for the infrastructure construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). The report includes historical and forecast valuations of the industry using the construction output and value added methods.
It is the result of substantial market research covering the infrastructure construction industry in Portugal and furnishes a top-level overview and detailed insight into the operating environment of the infrastructure construction industry in Portugal.
The infrastructure construction work is currently being carried out on the Tamega River in the north of Portugal, and involves an investment of over €1.5bn. It is forecasted that the execution of this much-needed energy infrastructure will provide 3,500 direct and 10,000 indirect jobs throughout the construction phase.
Iberdrola currently has a project management and works supervision team made up of 54 people, and this number is expected to ascend to as high as 165 during the most intense phases of the works. One of the major outcomes of this initiative, both for Iberdrola and for the Portuguese Government, is the generation of local employment that will help to rejuvenate the local economy and provide quality jobs for a large number of Portuguese companies. The aim is for this project to bring growth to the Tamega area over the next few years.
Also, The Angolan subsidiary of Portuguese construction group Mota-Engil has been awarded a project worth 178 million Euros to repair one of the main roads in Luanda province, according to a presidential order which involves micro and macro-drainage works, as well as building a roundabout.
The governments of Angola and Portugal propose to accelerate the inclusion in the COSEC export insurance and credit line projects to be carried out by Portuguese companies in Angola, with priority given to infrastructure and defense.
In Portugal, Odebrecht has completed construction of the Baixo Sabor Hydroelectric Plant in the north of the country with application of innovative engineering and construction solutions.
The infrastructure market is expected to grow at an improved CAGR year by year as can be seen from the current level of amelioration in the industry if seen from the beginning of the review period. Portuguese are getting more advanced with the passage of time and huge incomes are expected in the near future that will ultimately lead to development and expansion of the industry.
Topics Covered in the report
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