A recent report by Timetric reveals investment in infrastructure projects for rail and road will benefit Australia’s stagnant construction industry.

The industry slowed down as a result of the industrial sector and a poor demand for mining-related construction.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Titled ‘Construction in Australia – Key Trends and Opportunities by State and Territory to 2020‘, the report states multiple programmes launched by the government are expected to support the growth of Australia’s construction industry. With such investments, industry growth is expected to improve by 2020.

Therefore, the government plans to develop existing railway infrastructure to encourage economic growth and sustainability and to promote improved movement of goods and people across the country.

"Multiple government programmes are expected to support the growth of Australia’s construction industry."

As part of the government’s plan, a A$10.7bn investment was awarded to an inland rail project introduced in 2014. The project involed the construction of 1,711km of railway track between Melbourne and Brisbane, to be completed by 2025.

In addition, development programs such as the Black Spot, Roads to Recovery, and National Highway Upgrade have also been launched, along with investments in education, healthcare, and retail.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The report mentions a decline in the Australian construction industry by 4% in real terms in 2015 and is projected to witness a compound annual growth rate (CAGR) of -1.55% from 2016 to 2020.