Recent Release | 22 Dec 2022

Australian Rail Market Outlook

Construction Consulting Team

BIS Oxford Economics was commissioned by the Australian Railway Association to examine the outlook for Australia’s railway construction
and maintenance work for the next 10 years and presents the key
drivers of activity at a national and state level.

Over the decade to 2032, Australia’s population is projected to increase by 3.8 million to just under 30 million people – this is equivalent to an annual growth rate of 1.4%. In order to support this relatively strong growth in population and related passenger and freight tasks – as well as helping meet Australia’s climate change objectives – further major investment in Australia’s railway network is required. As such a number of key projects shape the forecast for construction activity.

The forecast for railway construction activity over the short to medium term is driven by a strong, funded pipeline spanning heavy haul, freight and passenger projects. A positive longer-term outlook is driven by population growth; urban expansion; and environmental concerns, particularly the need to reduce carbon emissions in Australia’s transport sector to help meet critical climate targets.

About the team

Our macro consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:

Daniel Rahme

Associate Economist

+61481273364

Daniel Rahme

Associate Economist

Sydney, Australia

Daniel joined BIS Oxford Economics in 2021 as an Associate Economist with the Due Diligence team. He is involved in a number of private consulting and advisory projects for a range of BIS Oxford Economics clients, with a focus on land registries, residential market analysis, demographic trend analysis, and cost escalation. Prior to joining BIS Oxford Economics, Daniel completed a 1st Class Honours degree at the University of Sydney.

You might be interested in

Post

Modest growth in 2023 for six Canadian metros despite winter recession

While nearly every metro in Canada will experience at least a minor recession between Q4 2022 and Q3 2023, on an annual basis, six mostly smaller metros will escape a GDP contraction in 2023 as a whole: Lethbridge, St. John's, Saskatoon, Regina, Calgary, and Barrie.

Find Out More

Post

The global economic costs of climate change inaction

Quantifying the economic impact of climate change becomes crucial, particularly in a rapidly warming planet.

Find Out More

Post

Global: Key Construction Themes 2023 – Infrastructure to drive growth

Growth in construction activity is expected to pick up in 2023, despite the spectre of recession in many advanced economies. In this context, we have identified 6 themes that we think will dominate the narrative of the construction sector over 2023.

Find Out More