Australia Infrastructure Report Q4 2017
BMI View: The Australian government remains committed to developing the country's infrastructurenetwork over the long-term, as seen from the AUD70bn commitment announced during the FY2017/18(July-June) budget. We therefore maintain our expectations that growth in Australia's infrastructure sectorwill be mainly driven by the projects initiated by the public sector, rather than the private sector as theboom in residential construction has likely peaked.
Forecast & Industry Developments
We forecast Australia's construction sector to grow by 1.2% in 2017, before rising to 3.0% by the end of2020.
The ruling Liberal-National coalition delivered its FY2017/18 (July-June) budget on May 9, and a keythrust of the budget is the government's commitment of over AUD70bn (from FY2013/14 to FY2020/21)to develop the country's transport infrastructure. The government will look to increase connectivitywithin the country, investing in new initiatives such as railways in Victoria and existing road projectssuch as the WestConnex highway project in Sydney.
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