Australia Transportation Infrastructure Construction Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
発行: Mordor Intelligence Pvt Ltd
ページ情報: 英文 120 Pages
The Australia Transportation Infrastructure Construction Market is expected to grow at a CAGR of more than 4% during the forecast period (2022 -2027). The Australian economy has been hit hard by the country's response to the global pandemic, which has resulted in lockdowns and regulations. Due to their low cost and great efficiency, Australia has become more reliant on importing building materials and equipment from elsewhere, mainly China, in the previous ten years. Manufacturing output and export volume both fell sharply in February and March as enterprises in China were forced to close to avoid the spread of COVID-19. Additionally, due to restrictions on people's travel and, in some cases, compulsory business closures to prevent the spread of the disease, suppliers from other regions of the world delayed or ceased industrial output.
In 2021-2022, the Government of Australia announced that the buddget included AUD 15.2 billion (USD 11.85 billion) for infrastructure projects over the next ten years supporting over 30,000 jobs. This was expected to help the implementation of road, rail, and community infrastructure projects across Australia. The investment comprises AUD 13.2 billion for major infrastructure projects and AUD 2 billion for local projects included under the Road Safety Programme, and the Local Roads and Community Infrastructure Programme. Among rail important projects, Metronet programme in Western Australia and the as the Canberra's Light Rail Stage 2A in the Australian Capital Territory will benefit the government's commitment.
The financing is in addition to the Government's significant existing investment in projects that will define the success of local communities for years to come, including the Western Sydney International (Nancy-Bird Walton) Airport, due to open in 2026, Sydney Metro Western Sydney Airport and the Melbourne Airport Rail Link. More than 220 major Australian Government funded projects are currently under construction. With this this budget, the Australian Government has provided AUD 170 billion funding for the infrastructure since 2013. This funding will support delivering a 10-year AUD 110 billion (USD 85.74 billion) infrastructure investment pipeline and investing in the future.
The Australian Government is investing AUD 110 billion over 10 years from 2021-22, inland transport infrastructure across Australia through its rolling infrastructure pipeline, most of which is under the Infrastructure Investment Program. This program is part of the Government's broader strategy to bust congestion, better connect regions, meet national freight challenges, get Australians home sooner and safer, and build a stronger and more resilient Australia. The Australian Government's commitment to the North-South Corridor involves the upgrade of the corridor between Gawler in the north and Old Noarlunga in the south. The North-South Corridor facilitates freight movements to and from Adelaide Airport, the Port of Adelaide, and surrounding industrial areas. Key projects as part of the North-South Corridor include the Northern Connector, Torrens Road to River Torrens, Darlington Upgrade, Regency Road to Pym Street as well as North-South Corridor future priorities which is currently in planning. The Australian Government has committed up to AUD 4.5 billion to critical projects on the North-South Corridor.
M80 Ring Road Upgrade, the project will upgrade and widen the remaining sections of the M80 Metropolitan Ring Road. These include the Sunshine Avenue to Calder Freeway, Sydney Road to Edgars Road sections, and the Princes Freeway to Western Highway sections. The estimated cost of the project is AUD 1 billion. The Australian and Victorian Governments are both contributing AUD 500 million.
Inland Rail is the largest transport infrastructure project in the Australian Government's AUD 110 billion pipeline and a critical action under the National Freight and Supply Chain Strategy. Australia's population is growing, and our transport network will need to support the movement of 35% more freight by 2040. Inland Rail is a 1,700km fast and high-capacity freight rail line connecting two of Australia's fastest-growing cities in Melbourne to Brisbane. The Australian Government has committed up to AUD 14.5 billion in equity to the Australian Rail Track Corporation (ARTC) to enable the delivery of Inland Rail.
The Australian Government has released the guidelines for Round 3 of the Regional Airports Program, with applications open from 22 March to 17 May 2022. On 28 July 2021, the Deputy Prime Minister announced AUD 29.6 million in Australian Government funding for 89 projects under round two of the Regional Airports Program. On 13 June 2020, the Deputy Prime Minister announced AUD 41.2 million in Australian Government funding for 61 projects across regional Australia.
The Department of Infrastructure and Regional Development, through Western Sydney Airport Ltd, is undertaking the construction of an airport in New South Wales, Australia. The main aim of the project is to accommodate more international flights and flexible runways for the planes. Sydney airport is already facing capacity issues and the requirement of a second airport is essential in the region to handle the traffic. The project involves the construction of an airport on 1,780ha of land and is planned to be implemented in stages. The construction work is divided into two development phases, enabling activities and the main airport works. The first stage includes the construction of a 3.7km single east-west runway with a width of 60m, a single full-length parallel taxiway, a cargo terminal, apron, and a 65,000m2international and domestic terminal. The new airport will have the capacity to handle up to 10 million passengers a year when it opens in 2026, unlocking Western Sydney to the nation and the world.
The Western Sydney Airport project also includes the construction of a 40km access road, a surface water drainage facility, airside security fencing and landscaping, ticket and service counters, and aerobridges. Furthermore, it will involve the construction of a baggage handling system, arrival and departure lounge, rail infrastructure, offices, and the installation of escalators.
Due to the existence of major local and international companies, the Australia Transportation Infrastructure Construction Market is fragmented. CPB Contractors, Lendlease, Hutchinson Builders, John Holland, Fulton Hogan are among the major players in the market. Demand for sustainability and technological advancements has increased in the transportation infrastructure sector, and corporations are investing to stay competitive.