Thailand: Floods Management Projects to Help Construction Industry

The Construction Institute of Thailand (CIT) has revealed that the 1 trillion baht investment target in the construction sector this year is unlikely to be realized, and that the industry’s growth next year might still be on a slow pace.

CIT Director Chakporn Oonjitt stated this year’s declining growth in the construction industry is in line with the Bank of Thailand’s readjusted national growth forecast at lower than 3%.

The construction industry previously set its growth target for this year at 1 trillion baht or an 8 to 8.5% increase from that of last year.

Mr. Chakporn expected the same sluggish pace of growth next year, considering the declining number of construction contracts between the Government and the private sector. He said prospects were not bright as construction of condominium and housing projects has also been on a decline since the middle of this year.

However he expressed hopes that the Government’s 350 billion baht water and floods management projects and the 2.2 trillion infrastructure development projects would breathe life into the construction industry next year to a certain degrees.

Press Release, December 6, 2013

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

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The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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