A concise analysis of the administrative, economic and political context for infrastructure in Australia
After years of under-investment, there are now huge
infrastructure upgrades in roads, rail, and other infrastructure underway, and
more in the pipeline over the coming years for Australia. Market expansion over
the forecast period will be driven by recovery in investment in infrastructure
construction activity and improvements in the regional economy. The
government’s plan to develop the country’s transport network is expected to
provide positive prospects for the market over the forecast period.
The Infrastructure Intelligence Center (IIC), is currently
tracking 507 large-scale infrastructure construction projects in Australia, at
all stages of development from announcement to execution. These projects have a
total investment value of AUD643.2 billion (US$493.2 billion). The total value
of the infrastructure construction market reached AUD55.0 billion (US$42.0
billion) in 2017, according to the IIC, significantly down from AUD63.4 billion
(US$48.6 billion) in 2012. However, output is projected to grow to AUD76.91
billion (US$59.0 billion) by 2022 (in nominal value terms).