Monday December 13, 2010
 
End of the road for major growth in construction

The road construction sector, which has long been the largest infrastructure sector and a key contributor to the recent engineering construction boom, has entered into a decline which will gather pace through to the mid-2010s, according to leading industry analyst and economic forecaster BIS Shrapnel.
 
According to BIS Shrapnel’s recently released Road Construction in Australia 2010 – 2025 report, total road construction activity across Australia fell by seven per cent (in real, or inflation-adjusted, terms) to $15 billion (in constant 2007/08 prices) during 2009/10. This was the road construction sector’s first decline since 2001/02, but, as report author and BIS Shrapnel senior economist Damon Roast explains, much of this was due to a decrease in privately funded activity, and also the worsening of the global financial crisis (GFC).

Contact: Damon Roast