The current investment in Australian infrastructure is barely keeping pace with demand. To meet future demand we will need to invest more but also, crucially, build and operate major assets more efficiently.
Transport accounts for an incredible 50% of all the infrastructure engineering construction work done in Australia. Over the past 30 years we have added over 100,000 km of roads to our network and more than doubled the annual spend on rail. We are travelling more and unfortunately spending relatively more time doing so.
Interview with Adrian Hart, Associate Director, BIS Oxford Economics by MinterEllison.
Part 3: Adrian shares his view on what needs to be in place for Australia to make the most of the infrastructure stimulus.
Watch the interview below:
You may be interested in
Australia’s CAPEX falters in Q1, with cost inflation to test activity
Private new capital expenditure fell 0.3% q/q in Q1 2022, led lower by a fall in buildings and structures investment. The weak result is in part due to the impact of Omicron on labour availability, and the postponement of construction activity in flood affected areas. Machinery & equipment volumes rose in the quarter.Find Out More
LandAid’s 10K Challenge
Yesterday, members of Oxford Economics joined LandAid’s 10k run in Regents Park London to raise awareness and funds for young people experiencing homelessness.Find Out More
Anchors away – RBA change course and raise rates
The RBA has opted to raise the cash rate target to 0.35%. For some time, the RBA identified faster wage growth as its trigger for raising rates. Official data sources have provided no new information on this front over the past month. But the board has put their faith in information from the RBA business liaison program that wage growth is picking up.Find Out More