Infrastructure Grip on Drivers to Continue: IA

This article was sourced from Australian Transport News

Key report findings are:

  • a forecast average annual growth rate of 33% as industry reports reduced confidence in their capacity to deliver on-time and on-budget
  • industry indicates a high confidence of delivering 10-15% annual growth, but a low confidence in delivering growth over 18%.
  • demand for plant, labour, equipment, and materials will be two-thirds higher than the previous five years
  • over the next three years it is expected there will be: o 120% average growth in demand for materials o 125% growth in demand for equipment
  • 140% growth in demand for plant
  • the peak of demand for skills is 48% higher than supply. Meeting this demand would require annual growth of 25% over the next two years, which is more than eight times higher than the projected annual growth rate of 3.3%
  • 34 of the 50 public infrastructure occupations identified are potentially in shortage.

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