Lack of infrastructure investment killing construction

QUEENSLAND'S construction industry is facing fresh trouble, according to a report flagging an accelerated decline in the amount of investment in new public and mining infrastructure.

The Infrastructure Partnerships Australia and BIS Shrapnel Civil Infrastructure Metric draws on data from about 20 of Australia's largest civil construction companies to present a sample of the amount of work won across the country.

The latest report, which focuses on the March 2013 quarter, shows work won outside of mining has been on a declining trend since 2010, with investment in transport work falling sharply from a reading of 64.3 to 47.3, or less than half 2010 levels.

But the amount of work won on mining and heavy industry projects also plummeted in the period to an index reading of 40.1, its lowest level since the Metric series began three years ago.

The low level was consistent with a number of high-profile project deferrals this year, the report said.

Read more at Brisbanetimes.com.au
 


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