2014/10/29

Project Tracking - Top 8 big Asian prosperity

CAMBODIA

E-IDs
Scale: 5.5 million Cambodian citizens
The Ministry of Interior will issue electronic identification cards to an additional 5.5 million citizens in the near future as Cambodia makes the transition from regular
identity cards to e-IDs.

Deputy Prime Minister and Minister of Interior Sar Kheng said that up to 2.2 million citizens have received e-IDs in the first phase, according to AKP news agency.

"As we the country moves towards an ASEAN economic integration, effective name registration and identification will facilitate management of the flow of people and goods," he said.

INDONESIA

Hospitality
Scale: 100 hotels
Scheduled Completion: 2015
Hotel giant Accor plans to open more than 200 hotels in the Asia-Pacific in the coming years. A total of 227 hotels should open "in the next 3 to 4 years", meaning more than 49,000 extra rooms, said Michael Issenberg, COO for Asia-Pacific, Accor. Indonesia is the group's second-fastest growing market in the region and 71 of the new hotels are planned for the sprawling. Accor, the 6th biggest hotel group in the world with brands including Novotel, Sofitel, and Pullman, already has 73 hotels in Indonesia.

Gerard Guillouet, senior vice-president for Malaysia, Indonesia, and Singapore, added Accor was on track to have 100 hotels in Indonesia by 2015.

Transportation
Scale:
7 transit-oriented developments,17 park-and-ride centers, 2 MRT routes, 8 busway corridors
Scheduled Completion: 2030
The Jakarta administration had high hopes that the capital’s traffic congestion could be solved over the next 17 years with the integrated transportation system, which had been included in the 2012 bylaw on regional spatial planning.

The plan includes 7 transit-oriented developments (TOD) across the capital region, 17 park-and-ride centers, north-south and east-west MRT routes, and 38 busway corridors. Deputy Governor Basuki Tjahaja Purnama said the city administration had allocated Rp 5.16 trillion ($423 million) in 2014 to develop the transportation system.

Infrastructure
Indonesia announced it will allow increased levels of foreign investment in the country’s airports, power plants, toll roads, and pharmaceutical industries as part of government efforts to boost the slowing economy.

"The commitment is to maintain Indonesia’s economic growth and anticipating a slowdown in the global economy by encouraging investment, particularly in domestic and foreign investment," said Hatta Rajasa, Chief Economic Minister.

Under the new policy, the government increased the maximum foreign investment in pharmaceutical companies to 85% from 75% and advertising to up to 51%, said Mahendra Siregar, Investment Chief.

THAILAND

Transportation
Scale: 209 km
Scheduled Completion: 2020
The bidding to win the Thai high-speed train project would likely be held from Q3 2014 to 2017 while the construction of the railways and the procurement of those trains are scheduled to be completed within 2020, according to Chatchart Sitthipun, Transport Minister.

For the time being, environmental impact assessments are yet to be finished, regarding the planned routes for the high-speed trains with a main station in Bangkok. Those routes include Bangkok – Pitsanuloak; Bangkok – Nakorn Ratchasima; Bangkok – Rayong; Bangkok – Hua Hin.

Transportation
Scale: 4,385 buses and vans and 6,191 trucks
The Transport Co, the state-enterprise interprovincial bus operator, will equip all of its franchise buses and vans with global positioning system (GPS) devices to improve safety measures in 2014.

All the 659 buses of Transport Co and 2,263 trucks for transporting dangerous substances such as chemicals and gas have been equipped with GPS, enabling officials to monitor the speed, location of the vehicles, and monitor the drivers' behavior.

Transport Co has a plan to install GPS in 4,385 privately-licensed buses and vans operating under its authority and 6,191 trucks transporting dangerous substances, according to Chadchart Sittipunt , Transport Minister.

VIETNAM

Oil & Gas
Scale: 24 oil & gas projects
Scheduled Completion: 2014
Vietnam National Oil & Gas Group (PVN) plans to implement 24 oil and gas projects in 2014 to ensure national energy security.

Of the sum, there will be 6 exploitation and exploration projects, 7 projects of petroleum processing and refining, 5 projects of industrial gas, and other 6 projects of petroleum technical services.

In 2013, PVN disbursed total of VND252.2 trillion ($12 billion) for its projects in 2011-2013 period.

Sea port
Scheduled Completion: 2020
The Vietnam Maritime Administration has proposed to develop deep-sea ports in the northern city of Hai Phong, the southern province of Ba Ria – Vung Tau, and the Van Phong Port in the central region as standard access ports for ships of 100,000 DWT from now until 2020. According to the Portcoast Consultant Corporation under the Ministry of Transport, which is in charge of the review, total fund for investment in the development of Vietnam’s seaport system by 2020 is estimated to reach VND 200 to 280 trillion ($9.5 to 13 billion).

THE PHILIPPINES

Power plant
First Gen Corporation, through its wholly-owned subsidiary First NatGas Power Corp (FNPC), signed an equipment supply contract and a construction services contract with Siemens. According to First Gen, the contracts will involve the engineering, design, procurement, construction, and completion of a 414-megawatt power plant in Santa Rita, Batangas.

The power plant, called the San Gabriel Project, is the first of 3 units of the planned 1,350 megawatt San Gabriel Combined Cycle Natural Gas-Fired Power Plant Project. FNPC also signed an operation and maintenance agreement with Siemens Power Operations Inc. Under the agreement, SPOI will operate and maintain the first unit of San Gabriel Combined Cycle Power Plant for 9.5 years.

Casino
The Philippine gaming industry is expected to more than double by 2020, thanks to more tourists and new casino resorts.

Fitch, which analyzes economies as part of its debt-rating business, said Philippine gaming revenue should climb from $1.5 billion to $3.4 billion by 2020.

Airport
Scheduled Completion: December 2014
The Philippine government has awarded the contract to rehabilitate Ninoy Aquino International Airport Terminal 1 (NAIA-1) to DMCI Holdings, Inc.

The infrastructure conglomerate submitted the best bid for the P1.64-billion ($37 million) contract, according to Joseph Emilio A. Abaya, Secretary of Transportation and Communications. The Consunji-led holding firm bested 2 other bidders -- Hillmarc’s Construction Corp. and EEI Corp. -- during the auction. The project involves architectural, structural, mechanical, and electrical works.

MALAYSIA

Transportation
Scale: MRT line
Scheduled Completion: 2019
Approval for the RM25 billion ($7.6 billion) MRT Line 2 project as well as the appointment of MMC Corp Bhd-Gamuda joint venture (JV), as the project delivery partner (PDP), is expected to be out by Q1 2014.

According to Gamuda Bhd, the physical work for the MRT Line 2 or Sungai Buloh-Serdang-Putrajaya Line, could start in early 2016.

With Line 1 worth RM23 billion ($7 billion) currently under construction and Lines 2 and Line 3 worth RM25 billion ($ 7.6 billion) each under planning, this mammoth mega project will keep players busy until 2019.

SINGAPORE

Water plant
Scheduled Completion: 2016
National water agency, PUB, is inviting local and international companies to submit proposals for the construction of the second NEWater Plant at Changi. To be completed by 2016, this plant will add another 50 million Imperial gallons (mgd) water a day to the nation's water supply.

Like the first Changi NEWater Plant, the second plant will be constructed under a Design, Build, Own and Operate (DBOO) arrangement and utilize the same proven NEWater process that was developed by PUB. The plant's main process facilities will be built mostly on the rooftop of the Changi Water Reclamation Plant. This not only saves land but also the cost of laying pipes to convey the treated used water from the water reclamation plant to the NEWater plant.

The successful bidder will enter into a 25-year NEWater agreement to supply NEWater to PUB, commencing from 2016.

MYANMAR

Thilawa economy zone
Myanmar’s efforts to attract foreign investment would depend on the success of Thilawa special economic zone, which is 20 km from Yangon.

The zone is being developed by a consortium involving the Japan Thilawa SEZ Company, with participation from Mitsubishi, Marubeni and Sumitomo corporations, and the Myanmar Thilawa SEZ Holdings company (MTSH) involving nine Myanmar companies.

U -Set Aung, chair of the Thilawa SEZ management committee, said the first phase of the project would be implemented in 2015 with the construction of automobile and electronics factories.

According to the METI website, Japan will provide $3.28 billion for the related infrastructure, electrical systems, ports, and transportation.

Airport
Scale: 150 acres
Scheduled Completion: 2018
A consortium led by Incheon International Airport Corporation (IIAC) has been named as the preferred bidder for the construction and operation of a new international airport in Myanmar. If finalized, the agreement will see the consortium build the $1.1 billion airport, located in Yangon, with the goal of opening it in 2018. IIAC would then operate the airport for up to 50 years.

Other parties in the IIAC-led consortium include Halla Engineering & Construction Corp, Lotte Engineering & Construction Co, POSCO ICT, and Kumho Industrial Co.

Hospitality
Scale: 350-room hotel
Hong Kong-based Shangri-La International Hotel Management has announced an investment of $115 million to build a 350-room Lakeside Shangri-La hotel near Kandawgyi Lake. The hotel, which will be located near the Shangri-La residences that were opened recently, will be the second, after Traders Hotel, to be operated in Yangon by Shangri-La.

"We expect the second phase to be completed by late 2016," said Kuok Koon Kwong, the director of Shangri-La Yangon. According to recent government data, although there are more than 200 hotels and guesthouses together offering more than 9,000 guestrooms throughout Yangon, the city still faces an accommodation shortage for visitors.

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