The latest industry forecast from The Australian Construction Industry Forum shows it’s not only the residential and accommodation building sectors which are firing on all cylinders, but also roads and infrastructure.
The current dollar value of building work to be completed on the construction of roads this year, sits at a modest $15.713 billion, but is expected to jump by $18.183 billion by 2016/17 and up again to hit record levels of $19.452 billion throughout 2017/18 resulting in more construction jobs.
The dollar value of non-road construction transport initiatives is expected to perform strongly and hit $13.820 billion this year. By 2017/18, non-road forms of transport construction are predicted to lessen to an acceptable $9.560 billion.
Major road and infrastructure projects abound in NSW, with more on the way for Queensland, Western Australia and South Australia. The drive for more infrastructure and roads is high on the federal governments list of initiatives as Australia’s population continues to increase and major cities continue to be strangled by congestion and inadequate roadways.
Due to Australia’s ever worsening fiscal position, it is doubtful the federal and state governments will be able to cover all the costs of their planned infrastructure projects without investor funding as Australia’s fiscal position isn’t all too good. Privatisation is on the agenda.
WestConnex – Overall Project, tunnels and subways to link Parramatta to Sydney Airport and the CBD
WestConnex M4 East Project, Parramatta to Haberfield section
Pacific Highway, Woologoolga to Ballina
Badgerys’ Creek Airport Infrastructure Project
Mitchell Freeway Extension Project
Anketell Point Port
Mines to Oakajee Port Infrastructure Project – rail and port construction for mining
CityLink/Tullamarine Freeway Widening – southern works
CityLink/Tullamarine Freeway - northern works
Princes Highway Duplication – Winchelsea to Coolac
Melbourne Rail Link – South Yarra to northern rail lines
South Road North South Corridor Upgrade – River Torrens & Ashwin Terrace to Torrens Road
South Road Darlington Upgrade Project
Gateway Upgrade North Project - Gateway Motorway between Bracken Ridge and Nudgee
Toowoomba Second Range Crossing – tunnels and subways
New Parallel Runway for Brisbane Airport
East – West Link Tunnel in Victoria