{"id":27141,"date":"2019-08-29T08:00:00","date_gmt":"2019-08-28T22:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/?p=27141"},"modified":"2019-08-27T14:01:30","modified_gmt":"2019-08-27T04:01:30","slug":"transport-infrastructure-wave-to-spur-construction-higher","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/transport-infrastructure-wave-to-spur-construction-higher\/","title":{"rendered":"Transport infrastructure wave to spur construction higher"},"content":{"rendered":"<p>THE impending rollout of major government-led transport infrastructure will be good news<br \/>\nfor thousands of small construction businesses across Australia, according to newly released forecasts from Master Builders Australia.<br \/>\nMaster Builders Chief Economist Shane Garrett said that their Master Builders Australia<em><br \/>\nForecasts: 2019\/20 to 2023\/24 <\/em>report released this week indicates that engineering and civil<br \/>\nconstruction activity is set to expand strongly until 2021\/22, notching up its strongest<br \/>\nperformance since the mining investment boom at the beginning of the decade.<br \/>\n\u201cAs a result of record activity in natural resources investment, the volume of engineering<br \/>\nconstruction had peaked at $142.8 billion in 2012\/13. The subsequent slump was heavy,<br \/>\ninvolving a 38.6% reduction in activity,\u201d Mr Garrett said.<br \/>\n\u201cWhile latest data indicate that engineering construction activity has still been battling<br \/>\ntough conditions, the eventual roll out of government-led infrastructure projects will see<br \/>\ngrowth return in the near future.<br \/>\n\u201cWe forecast that the volume of engineering construction work will expand by 12.5% by<br \/>\n2021\/22 compared with 2018\/19.<\/p>\n<p>\u201cThereafter, activity will ease back at the pipeline of infrastructure work comes to an end,\u201d he said.<br \/>\n\u201cBoth road and railway construction work will see big gains over this period, while the<br \/>\ncompletion of the NBN means that telecommunications related activity will slip back.<br \/>\n\u201cAt the moment, the actual volume of construction work underway is smaller than it was<br \/>\nthis time last year.<\/p>\n<p>\u201cWhile our forecasts do envisage growth returning, government can help by getting things moving on the ground with more urgency.<\/p>\n<p>\u201cThere is particularly strong scope for this when it comes to small and medium-sized infrastructure projects,\u201d he said.<br \/>\n\u201cAs well as benefitting thousands of small building and construction businesses across<br \/>\nAustralia, a speedier roll out of infrastructure projects by government would give the wider<br \/>\npublic real and visible evidence that our economy continues to move forward,\u201d Mr Garrett concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE impending rollout of major government-led transport infrastructure will be good news for thousands of small construction businesses across Australia, according to newly released forecasts from Master Builders Australia. Master Builders Chief Economist Shane Garrett said that their Master Builders Australia Forecasts: 2019\/20 to 2023\/24 report released this week indicates that engineering and civil construction [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/transport-infrastructure-wave-to-spur-construction-higher\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":29,"featured_media":27143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-27141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Transport infrastructure wave to spur construction higher - Bellarine Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/transport-infrastructure-wave-to-spur-construction-higher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transport infrastructure wave to spur construction higher - Bellarine Times\" \/>\n<meta property=\"og:description\" content=\"THE impending rollout of major government-led transport infrastructure will be good news for thousands of small construction businesses across Australia, according to newly released forecasts from Master Builders Australia. Master Builders Chief Economist Shane Garrett said that their Master Builders Australia Forecasts: 2019\/20 to 2023\/24 report released this week indicates that engineering and civil construction [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/transport-infrastructure-wave-to-spur-construction-higher\/\" \/>\n<meta property=\"og:site_name\" content=\"Bellarine Times\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-28T22:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/3\/2019\/08\/Shane-Garrett-MBA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dean Webster\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dean Webster\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bellarinetimes\\\/real-estate\\\/transport-infrastructure-wave-to-spur-construction-higher\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bellarinetimes\\\/real-estate\\\/transport-infrastructure-wave-to-spur-construction-higher\\\/\"},\"author\":{\"name\":\"Dean Webster\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bellarinetimes\\\/#\\\/schema\\\/person\\\/d279ea712d198c6ed08eb420e88e6ba8\"},\"headline\":\"Transport infrastructure wave to spur construction higher\",\"datePublished\":\"2019-08-28T22:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bellarinetimes\\\/real-estate\\\/transport-infrastructure-wave-to-spur-construction-higher\\\/\"},\"wordCount\":303,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bellarinetimes\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bellarinetimes\\\/real-estate\\\/transport-infrastructure-wave-to-spur-construction-higher\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/3\\\/2019\\\/08\\\/Shane-Garrett-MBA.jpg\",\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/bellarinetimes\\\/real-estate\\\/transport-infrastructure-wave-to-spur-construction-higher\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bellarinetimes\\\/real-estate\\\/transport-infrastructure-wave-to-spur-construction-higher\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bellarinetimes\\\/real-estate\\\/transport-infrastructure-wave-to-spur-construction-higher\\\/\",\"name\":\"Transport infrastructure wave to spur construction higher - 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