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1.Market Observations, 8.Was Sticky

27 Aug 2019 (AFR) – Transport boom to stay stronger for longer

(27 August 2019, AFR, p16, Jenny Wiggins, Infrastructure Reporter)

Transport infrastructure construction project volume, moving average total (MacroMonitor, AFR)

Transport infrastructure construction project volume, moving average total (MacroMonitor, AFR)

‘Project delays and labour shortages have pushed out the forecast peak of the transport infrastructure boom by 12 months to 2022-23, says a new forecast from Macromonitor. “It looks like the boom is going to be a bit more protracted than we previously thought,” said Nigel Hatcher, director at Macromonitor, which specialises in economic forecasts for the construction industry. Transport construction activity around Australia is expected to hit a record $42 billion in 2022-23, up from $30 billion in the 12 months to March 2019, according to Macromonitor.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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