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July 22, 2011
Polish road construction market will rise by almost 25% in 2011 to 30.9 billion zlotys but after reaching this peak it will start declining by over 10% y/y, market researcher PMR said in a report.
"2011 will be the peak for the road construction sector in terms of the value of works being realized and as of 2012 the sector will start recording systematic declines of between 10 and 20%," the report reads.
The experts view 33 billion zlotys spending targeted by Polish road authority GDDKiA as unrealistic as some of the works will be postponed to 2012 and 2013.
The market will bottom at 19 billion zlotys in 2014 but could start recovering again thanks to favorable EU budget for years 2014-2020 and thanks to at least one motorway project to be conducted in the frame of public-private partnership, the analysts also said.
Source: The Warsaw Voice