Economic Analyst, BIS Shrapnel, has released its annual study on the outlook for the civil engineering construction sector in Australia, finding that the sector is growing strongly, with 25% growth forecast for the next three years due to mining, LNG and flood reconstruction activity.

 

The report covers 12 sub-sectors of civil construction, from the main transport, recreation and utilities infrastructure sectors through to mines and heavy industrial facilities. More than $80 billion was invested in projects in these sectors in 2009/10, and engineering construction is now Australia’s largest building and construction sector.

 

The report found that while the rate of growth of the sector had slowed in 2009-10 to 2.8%, a stronger performance would increase activity by 5% for 2010-2011, and up to 20% in 2011-12 and 2012-13, driven by large mining and energy projects that are already approved and in the early stages of planning and implementation.

 

The report predicts that mining-related civil construction, including mines, ports, railways and other mining infrastructure, will nearly double between 2010 and 2014 to about $57bn, driven by LNG projects in Queensland and WA, and coal and iron ore expansion  projects.

 

More information is at http://www.bis.com.au/