Growth in infrastructure construction in Australia is forecast to grow by an average annual rate of 3.4 per cent over the period between 2020 and 2030 – rivalling growth in infrastructure construction in China, according to a new global forecast.
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VIC engineering construction growth strongest in AU – new ABS stats
New Australian Bureau of Statistics figures released this week show engineering construction has grown 39.8 per cent in Victoria since December 2014.
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Australia forecast for $7.3B surge in transport and utilities infrastructure
According to the latest Australian Infrastructure Metric from Infrastructure Partnerships Australia and BIS Oxford Economics, the country’s overall construction activity is also set to expand for the first time in four years.
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