11 June 2013 — Last week’s Queensland Government’s budget did not deliver any significant hope of major infrastructure investment beyond announced reconstruction, Queensland Major Contractors Association President Tony Hackett says.
Mr Hackett said while the Budget demonstrated sound cost management in challenging times industry was concerned about the medium and long term project pipeline.
“With resources driven project investment peaking, and government infrastructure decreasing, the Queensland construction industry will face increasing challenges as projects taper off,” he said.
“A report prepared by BIS Shrapnel for the QMCA in March this year found the size and number of major construction projects in Queensland will decline by over $7.5 billion from 2012-13 through to 2016-17.
“The report found the amount of construction work carried out on major projects will fall from an all-time high of $18.5 billion in 2012-13 to $10.9 billion in 2016-17.
“Research into non-government infrastructure funding models, and developing programs of shovel ready projects that can be rolled out at short notice to fill out the anticipated decline in order books as resource projects decline, and address the nation’s growing infrastructure deficit, should be amongst the key priorities of all governments at this time.”