We maintain our forecasts for growth acceleration in the Australia construction industry from ----, with real growth expected to reach -.- in real terms. This view is supported by the infrastructure development agenda of the Liberal-National government, in particular the Australian Infrastructure Plan released in February and the long list of priority projects included within. ...We maintain our forecasts for growth acceleration in the Australia construction industry from ----, with real growth expected to reach -.- in real terms. This view is supported by the infrastructure development agenda of the Liberal-National government, in particular the Australian Infrastructure Plan released in February and the long list of priority projects included within. Under the Liberal Party s plans, financing will come in large part from the private sector, through asset recycling and the use of PPPs as the country shifts to a user-pays model for transport infrastructure development. ...However, this downward pressure will begin to recede as commodity prices bottom in ----.
...We maintain our forecasts for acceleration in growth for the Australia construction industry from ----, with real growth expected to reach -.- in real terms. This positive outlook for infrastructure development is supported by policy announcements from the Coalition Government, especially the Australian Infrastructure Plan released in February and the long list of priority projects contained within. ...We maintain our forecasts for acceleration in growth for the Australia construction industry from ----, with real growth expected to reach -.- in real terms. This positive outlook for infrastructure development is supported by policy announcements from the Coalition Government, especially the Australian Infrastructure Plan released in February and the long list of priority projects contained within. Additionally, near-term growth rates will be supported by large investments into the transport infrastructure industry, where a number of high-value road and rail projects are either in or near the construction phase. However, the narrow margin of victory presents a setback for Prime Minister Malcolm Turnbull, who had hoped to emerge with a stronger mandate, increasing the chances of a challenge to his leadership and further market and policy uncertainty. The residential sector will continue to support construction value through to mid-----, with the sector then expected to slow.
...BMI View: Australia s construction industry will experience an acceleration of growth as government supported infrastructure development begins to overcome the headwinds derived from extractive industry cap ex cuts. Under Liberal Party policies funding increases for infrastructure will come via the private sector and a shift to a user-pays system; however, we highlight strong downside risks stemming from uncertainty in policy continuity following a very narrow victory for the Liberal-National coalition in July s federal election. ...
