Dec. 13, 2010 – ROAD construction activity across Australia fell by 7 per cent to $15 billion in the past financial year, signalling the start of a new period of decline, according to a leading forecaster.
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BRAKES ON: A decline in road building will gather pace through to the middle of the decade. Picture: John Wilson Source: The Courier-Mail.
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In a report set for release today, BIS Shrapnel said the downturn was the first since 2001-02 and was brought on by a combination of falls in privately-funded activity and the global financial crisis.
The decline will gather pace through to the middle of the decade despite nominal growth in the current financial year. "Most sectors of road building are feeling the pinch, particularly privately funded works. In fact, if not for state and federal government road construction, the industry would record negative growth," the report said. | READ MORE
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