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News5050 – Industry Reports
June 13, 2016
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The industry is expected to expand over the forecast period (2016-2020), driven by improvements in investor confidence and subsequent funding for infrastructure, residential, commercial and industrial projects.
The government’s Transport Master Plan, First Home program and Rural Development Program (RDP) will support industry growth over the forecast period.
The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.28% over the forecast period; up from 1.42% during the review period.
Over the forecast period, the government’s efforts to improve transport and residential infrastructure will support industry growth. In addition, the government’s aim to develop local energy resources and is expected to support investments in energy infrastructure projects, which will fuel industry growth.
o Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Romania using construction output and value-add methods
o Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
o Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
o Analysis of key construction industry issues, including regulation, cost management, funding and pricing
o Detailed profiles of the leading construction companies in Romania
o With the aim of achieving self-sufficiency in energy production, the government is planning to invest RON491.0 billion (US$123.0 billion) under the energy strategy 2015-2035. This plan includes investments in energy, oil and gas, and mining infrastructure by 2035. To replace the aging energy production plants, the government is planning to add two new units to the nuclear plant located in Cernavoda, with an investment of RON29.5 billion (US$7.4 billion).
o To develop small-scale rural infrastructure, the government is planning to invest RON36.7 billion (US$9.2 billion) under the RDP until 2020. This includes investments for the improvement of local road infrastructure for agricultural purposes and forestry roads.
o With the aim of improving access to healthcare services, the government implemented the Health for Prosperity (2014-2020) National Health Strategy. As a part of this strategy, it seeks to promote healthcare as a key determinant for the development of economic and social conditions. Under the strategy, community healthcare will become cost-effective.
o The World Bank granted a RON949.2 million (US$283.4 million) loan in March 2014 to help Romania improve and enhance its healthcare system. Effective until 2020, the project aims to improve efficiency, quality and access to public healthcare services by developing hospitals and the healthcare service-delivery network.
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