Rock to Road

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Road-building activity hits the skids


December 13, 2010
By The Courier Mail

roadbuilding-aussieDec. 13, 2010 – Road construction across Australia fell by 7
per cent to $15 billion in the past year, signalling the
start of a new period of decline, according to a leading forecaster.

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.

roadbuilding-aussie 

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