Final Qmca Report 2012 2

7/30/2019 Final Qmca Report 2012 2

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Queensland Engineering Construction Outlook


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Cont

ents 4. eXeCUtIVe sUMMARY

7. IntRoDUCtIon

7. eConoMIC oUtLooK

10. QUeensLAnD ConstRUCtIon oUtLooK

12. QUeensLAnD enGIneeRInG ConstRUCtIon oUtLooK

13. QUeensLAnD MAJoR PRoJeCts

16. KeY PoInts, IMPLICAtIons AnD CHALLenGes

19. APPenDIX: QMCA 2012 MAJoR PRoJeCts LIst

Fbruary 2012 QMCA

th cpyrigh i hi dcum blg h Qulad Majr Cracr Aciai QMCA.

All righ rrvd.

n par hi dcum may b rprducd r ramid i ay rm r by ay ma, icludig phcpyig, wihu h prir wri

prmii h QMCA. All rqu b dircd h QMCA.

exclui Liabiliy

thi dcum i ricly prvidd h bai ha, h x prmiibl by law, ihr h QMCA r BIs shrapl r ay pr

ivlvd i h prduci hi dcum: 1 warra i ay way h rliabiliy r accuracy ay rprai hri; 2 aum

ay duy car r hr lgal duy ay pr wh may u r rly hi dcum ad pr uig r rlyig hi dcum

d irly a hir w rik; 3 hall hav ay liabiliy ay pr wih rpc ay l r damag hwvr ariig, icludig

i crac, r r udr au, r hrwi rm h u r rliac up hi dcum.

Ackwldgm

thi rpr ha b prpard by Adria Har, Alck schvr ad Kur Lmk a BIs shrapl ad Jam schirmr h QMCA.

n: Alhugh gra car ha b ak ur accuracy ad cmpl hi rpr, BIs shrapl Py Ld d accp

rpibiliy r h cmpl ad accuracy h acual irmai which i pii ad aumpi ar bad.

BIs shrapl cac: Adria Har

sir Maagr I rarucur & Miig

BIs shrapl Py Limid

Lvl 8, 99 Walkr sr

nrh sydy nsW 2060

Auralia

t: +61 02 8458 4200

F: +61 02 9959 5795

e: [email protected]

QMCA cac: Jam schirmr

traurr

Qulad Majr Cracr Aciai

GPo Bx 3254

Briba QLD 4001

Auralia

t: +61 07 3900 9005

F: +61 07 3211 4900


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FoReWoRD

VeRsAtILItY DRIVInG sUCCess

I wlcm h ppruiy cribu h urh Majr Prjc Rpr ad

hak all ivlvd i h impra aalyi h ulk r Qulad girig

cruci cr.

th la dcad ha h cr ac igica challg, bu i ha al b a im

wh Qulad irarucur cr ha hw i ha ad will ciu dlivr

ad driv h grwh Qulad. I hav b rua prally wi h

vluiary chag hrugh h dlivry vral majr irarucur prjc i my rl

a CrdiarGral, ad currly i h rbuildig ad rcruci h a i

h wak h wr aural diar rcrd. thi grwh ha b driv by h girig cruci cr

vrailiy ad i abiliy m Qulad vr vlvig irarucur d.

thi rpr idi ha Qulad girig cruci mark urd h crr i 2011, wih a 25% li i aciviy

i h Ju quarr ad a vrall 18.5% icra r h acial yar.

emrgig rurc iduri lik CsG ad LnG will ciu driv bui ivm grwh vr h mdium rm.thr majr CsGLnG prjc wrh arud $45 billi ar currly udr cruci i Qulad. I ccr

wih mr radiial miig, h rurc cr will prvid a lid plarm r ciud ucc. thi i rcd

by h calai i h lvl priva w girig cruci ivm. I 2010/11, hi icrad 42.5%

$15.1 billi, alm dubl h 2007/08 gur i ral rm.

Qulad i a sa climaic xrm. th arly 2000 aw h wr drugh i mr ha a cury ad ciad

h dlivry h sa larg vr war irarucur prgram. nw, i a mar yar, h gra aural

diar vr hi Qulad brugh abu a $7 billi rcruci prgram, agai h sa larg. twlv

mh , hr i $3.6 billi i h rcruci pipli. thi rcruci aciviy will uppr mr ha 15,000

jb hrugh 2014.

A h cd larg cribur GsP ad h hird larg grar jb, girig cruci will ciu

b a ladig drivr r Qulad. Hwvr, cmpii rm hr rurc rich sa ad h ciuig iraial

dmad r prduc pr kill ad labur challg r h ir cruci idury. thi will rquir a ci

puh r icrad mplym ad kill raiig ad grwh i h labur mark.

thr ar challg ac a w mv rward, bu a h har hi rili a i a vrail, rg ad

cmmid girig cruci cr. Wh Qulad xpricd i gra hrugh h ummr

aural diar, yu d a h rady rig im, rgy, rurc, quipm, marial, acial

aiac, ppl pwr ad cmpai hlp u llw Quladr i d. thi cr prvid h

backb r a rg cmy ad rili cmmuii ad a ruddr r h uur prpriy ur sa,

ad I lk rward wrkig wih yu hrugh h x xciig prid.

Gram nw

Chi excuiv ofcr

Qulad Rcruci Auhriy

Fbruary 2012


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eXeCUtIVe sUMMARY

thi i h 4h Qulad Majr Cracr Aciai QMCA Majr Prjc Rpr, llwig

arlir rpr publihd i 2006, 2008 ad 2010. thi 4h rpr i cprd by Cruci skill

Qulad CsQ, which i igica giv h imprac raiig ad upkillig iiiaiv

m Qulad cruci dmad. th aim h rpr i prvid a rad ad

hughul prpciv h ulk r majr girig cruci prjc i Qulad,

ad h wrkrc rurcig rquirm hi ail r cracr ad gvrm agci.th aalyi al pr implicai ad challg r h idury a a rul h dig.

By i aur, hi rpr i ccrd wih girig

cruci aciviy. thi carily xclud ridial

ad ridial buildig, alhugh mvm i buildig

aciviy ca al impac h girig cruci

mark i rm acc , ad c , marial ad

labur. Cquly, m dicui i icludd i hi

rpr h ulk r ridial ad ridial buildig

aciviy i Qulad, alhugh h primary cu rmai h

girig cruci gm.

Furhrmr, h rpr i ccrd wih h ulk r

majr prjc, which ar dd a prjc xcdig

$100 milli i valu. thi mak up a ubaial prpri

h al girig cruci mark i Qulad. th

cmpl li majr prjc cidrd r hi aalyi,

ad h xplici aumpi r ach prjc rgardig wrk

d ad cruci wrkrc mplyd ach yar, ar

prvidd i h Appdix a h rar hi rpr.

I 2011/12, majr prjc wrk i rca amu $10.7

billi i wrk d, r arud 37% h al girig

cruci mark accrdig BIs shrapl rca.By 2014/15, aual majr prjc wrk i xpcd arly

dubl ju udr $20 billi pr aum i 2013/14 ad

2014/15. I ur, hi i xpcd driv a ubaial li i

h majr prjc wrkrc rquirm, rm 15,300 pr

i 2011/12 a pak 30,200 pr by 2014/15. thi i

hw i Figur 1 blw, whr h clum rr lvl

cruci wrk d i A$ Billi radig h l had

id LHs axi ad h li rr imad majr prjc

wrkrc rquird i huad pr radig h

righ had id RHs axi.

Qulad ac prud chag, driv by a ciagrai cmmdii bm which culd pially ru r

dcad. Fr Qulad cruci idury, hi will driv

a udamal ad uaid li i aciviy ad dmad r

kill. th ulk pr challg h idury i rm

avidig kill ad quipm hrag, blck ad

riig c which hav characrid prviu bm. thi will

rquir rarmaial hikig abu h way prjc ad

kill ar dvlpd ad ivai i hw hy ar dlivrd.

Much h icra ar big driv by miig ad rgy

prjc, ju h mi ad prcig acilii dircly

.g. LnG rai bu al h rapr ad uilii ym

rquird by h prjc icludig rad, railway, harbur,

war ad rgy irarucur. Whil majr prjc aciviyi prjcd wak i 2015/16 a m prjc mv

cmpli ad h x rud prjc ar y b dd,

i i ill xpcd b wll abv ha 2011/12. I i al

likly b uaid a high lvl hrugh h ubqu

v yar giv urhr ivm i rgy ad miral

prjc ad highr urba irarucur rquirm.

By cra, hr will b wr majr prjc ppruii

rm h public cr vr h x w yar cmpard

h prGFC ra a sa ad Fdral Gvrm k

clida pdig. thi paricularly ac h rad

ad bridg gm, giv h prmic public cr

udig majr prjc, wih bh majr prjc wrk d

ad wrkrc rquirm xpcd mv lwr vr h

x w yar, a hw i Figur 2.

thi i dpi a ubaial li i d rcruci

udig r rad. I paricular, h Qulad Gvrm

ha aucd vr $6 billi i udig maur r lcal

ad a rad hrugh h Qulad Rcruci

Auhriy bw 2011 ad 2013 icluiv. Hwvr, llwig

a immdia rampig up aciviy llwig h d, i

appar ha d rcruci wrk hav pakd adwill rd dwward rm hr. Furhr d rcruci

wrk ar likly b dlivrd acr h a i rlaivly

mall packag l ha $100 milli idividually ad

a uch ar cidrd i hi rpr.

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2011/12 2012/13 2013/14 2014/15 2015/16

TotalFunded(LHS) TotalNotFunded(LHS)TotalLabourDemand (RHS) TotalFundedLabourDemand (RHS)

Thousands$Billions

YearEndedJune Source:BIS Shrapnel,ABSData

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FIGURe 1: MAJoR PRoJeCts WoRK Done & WoRKFoRCe DeMAnD FoReCAst.

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1.0

1.5

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2.5

2011/12 2012/13 2013/14 2014/15 2015/16

Roads&BridgesFunded (LHS) Roads&BridgesUnfunded(LHS)TotalLabour Demand(RHS) FundedLabour Demand (RHS)

Thousands$Billions


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FIGURe 2: MAJoR RoADs AnD BRIDGes PRoJeCts WoRK Done & WoRKFoRCe DeMAnD FoReCAst.


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By cra, much h grwh i majr prjc wrk will b

driv by a rg upwig i miig ad rgy ivm i

Qulad. thi ly ac miig ad havy idury

cruci ad crrpdig wrkrc dmad, a

hw i Figur 3, bu al ail ubaial cruci

w rapr ad uilii irarucur, icludig railway,

harbur, ga pipli, lcriciy grai ad upply,

war ad wrag.

By i aur, much hi ivm will b rgial,

udd by h priva cr, ad driv by uaid

grwh i dmad r mal, miral ad rgy

i Aia. Whil hr ar ccr vr h uaiabiliy

grwh i h glbal cmy giv h wak ulk r eur

z cmi acd prdmialy by vrig db

cri i Grc ad Ialy h ulk r Chia ad h Aia

rgi rmai rlaivly rbu. Chi cmic grwh i

xpcd lw a a rul wak i eurp ad h

Uid sa, bu rmai upprd by gig dmic

ivm i xpadig i idurial ba ad imprvig

livig adard. thi will grwh uaid abv 8% pr

aum hrugh h x v yar. thi i raably xpcd

udrwri dmad ad ivm acr a rag

cmmdii icludig cal, ir r, cppr ad hr ba

mal. Mawhil, rg grwh i rgy dmad i Aia i

al udrpiig larg ivm i LnG ad hrmal cal

prjc i Auralia. Giv h lg ru aur hi dmad

ad h high upr capial c dvlpm, i i highly

ulikly ha h rgy prjc will b caclld, v i

glbal cmic grwh wr lw by mr ha xpcd.

th rgial cu may miig ad rgy prjc .g.

h Bw ad sura Bai, h nrh W Prvic ad,

pially, Wipa i ur will cra ubaial challg

r h cruci idury. Fr iac, hw will kill

b aracd uid h majr ppulai cr i h

suh ea crr h a ad hr mrplia ara

i h r Auralia i h rgi? Wha irarucur

pla ar i plac ad big prgrd i h rgi

accmmda ad prvid rvic r h larg umbr

killd pr rquird i bh h cruci ad

prduci pha h dvlpm? I ummary, h

cmig miig ad rgy ivm cycl will driv

a udamal hi i h way cruci wrk ardlivrd. thi will cia ubaial ivm

i cial irarucur i h rgi, rm huig

chl, hpial, park ad rcraial acilii arac

wrkig amili p h mr udamal cmic

irarucur rquirm acr rapr gm ad h

uilii. Whil Fly i / Fly u r FIFo wrkig arragm

will bcm mr prval, i will b a paaca r

ivig i uaiabl cmmuii i h rgi.

Furhrmr, h rg ulk r larg miig ad

rgy prjc i Qulad i likly b mirrrd i

hr radiial rurc a, icludig Wr

Auralia, suh Auralia ad h nrhr trriry.thi i likly a bal ak plac r killd cruci

labur ad quipm righ hrugh h x v yar.

Qulad will d brig hm killd Quladr

wh may wrk udr FIFo arragm i h hr a,

a wll a aracig hr wrkr rm hr a ad

vra, i h majr prjc pla daild i hi rpr ar

b cmpld im. thi i likly rquir a cmpiiv

piiig ly rgardig wag bu al cial, amily

ridly liyl b which ivm i rgial cial

irarucur ca addr. I hi rpc, h W Auralia

gvrm rcly aucd pla iv $1.5 billi icial irarucur i h caal miig w Karraha,

icludig h prvii 1,500 w dwllig, a hl, w

w cr ad rcraial acilii. similar ivm

pla huld b dvlpd r ky Qulad w hrugh

h rca prid.

A a bradr lvl, cmpii r killd labur ad

quipm i likly puh up cruci wag ad

pric r ipu ad quipm hrugh h x v

yar. naially, girig cruci aciviy i a rcrd

lvl, wih wrk d xcdig $87 billi i 2010/11, whil

cruci cr mplym icludig ridial ad

ridial buildig i a 1.03 milli pr. egirig

cruci aciviy i xpcd xcd $100 billi pr

aum rm 2012/13, wih cruci mplym riig

1.18 milli pr by 2013/14. Giv xiig crai

labur ad quipm, i i vry likly ha vrall cruci

c will racclra hrugh h x v yar, whil

rik c blwu ad dlay a pcic prjc will

b highd.

Ahr pial rik prjc imli i mig

virmal adard dvlpm hrugh hvirmal apprval prc. Whil may majr

prjc hav alrady rcivd virmal apprval, h

im ak pa hi ag ad h quaum virmal

cdii aachd dvlpm ha b, i m ca,

ubaial. Furhrmr, m virmal apprval ar

currly big challgd hrugh h lgal ym which

will urhr dlay prjc implmai. Giv h iz

ad cmplxiy may h majr prjc prpd r

Qulad vr h x v yar, i i uraabl

xpc ha m prjc may ac dlay a a rul h

apprval prc. ovrall, hwvr, i prjc ar dlaydhrugh capaciy crai r apprval prc, hi i

mr likly xd h upward cycl ad pakig i majr

prjc wrk i Qulad byd ha uggd i hi

rpr 2014/15.

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2011/12 2012/13 2013/14 2014/15 2015/16

TotalFunded(LHS) TotalNotFunded(LHS)TotalLabour Demand(RHS) TotalFundedLabourDemand (RHS)

Thousands$BillionsYearEndedJune Source:BIS Shrapnel,ABSData

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FIGURe 3: MInInG AnD HeAVY InDUstRY PRoJeCts WoRK Done & WoRKFoRCe DeMAnD.


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th aalyi r hi rpr idica ha h upwig i majr

prjc girig cruci aciviy i Qulad will

b uaid righ hrugh h x v yar alhugh

all prjc hav y rcivd udig cmmim r

virmal apprval. Furhrmr, whil aciviy may

wak i 2015/16 a vral ubaial prjc mv

i imulau cmpli, h ulk r h ubqu

5 yar al rmai rg. I hi virm, ai

killig hrugh ducai ad raiig iiiaiv will

b crucial. I h hr rm, i will b difcul m h

wrkrc rquirm majr prjc hrugh ducai

ad raiig iiiaiv al, wih much h icrad

wrkrc rquirm likly b m by highr ira ad

vra migrai. Hwvr, hrugh h mdium lgr

rm, argd ducai ad raiig prgram will b vial i

big h availabl upply wrkr m dmad. I

high kill ara, uch a h girig pri, ducai

ad raiig iiiaiv will b cary imply rplac ldr

wrkr wh ar ririg vr h cmig dcad, l al

buildig up largr wrkrc capabilii m prjcddmad.

Implicai ad Challg

th ar imilar ucm ha rprd i h 2010

Majr Prjc Rpr, alhugh h cal ad durai

h girig cruci majr prjc pipli i w

much grar ha rprd h, ad m prjc imig

ad hr dvlpm hav chagd. A uch, m h

implicai ad challg xprd i h 2010 rpr ill

hld ru day; idd, v mr .

ovrall, h ky implicai ad challg ar a llw:

Construction activity is set to re-accelerate in

Queensland . . .

Grwh i Qulad cruci aciviy lwd

ubaially bw 2008/09 ad 2009/10 a larg

priva prjc wr pu hld i h wak h

GFC. I ur hi ld a harp lwdw ad rci i

h Qulad cmy.

th la girig cruci daa rm h ABs

ugg ha h Qulad girig cruci

mark urd h crr i 2011, wih a 25% li iaciviy cmig hrugh i h Ju quarr ad a 18.5%

icra i h 2010/11 acial yar. thi i likly b

ju h ar a rg uaid upwig i girig

cruci wrk.

Frm hr, aual wrk d Qulad majr

girig prjc i.. h wih a valu grar

ha $100 milli i xpcd ri harply, rm

$10.7 billi i 2011/12 ju udr $20 billi i

bh 2013/14 ad 2014/15.

th imprac miig ad rgy prjc

h ulk, rlaiv h public cr, ma haQulad majr prjc ulk i w, mr

ha vr, id h ru h glbal cmy,

paricularly Chia ad h Aia rgi. Grwh hr,

hwvr, i xpcd rmai rlaivly rbu dpi

mrgig prblm i eurp ad wakr rd grwh i

h Uid sa.

. . . driving strong demand for construction

workforces . . .

th girig cruci wrkrc rquird

dlivr Qulad majr prjc will d a

la dubl vr h x ur yar. Frm arud

15,300 pr i 2011/12, h majr prjc cruciwrkrc i xpcd ri ju vr 30,000 pr

by 2014/15.

. . . impacting on wages and broader construction

costs . . .

Thesharpincreaseinmajorengineeringprojectworkswill

driv a ubaial icra i al buildig ad cruci

aciviy. thi i likly urhr rg grwh i

cruci wag i Qulad abv ha

Auralia a wll a a racclrai i cruci

c grally.

Cquly, hr rmai a ubaial rik ha

majr girig cruci prjc i Qulad

will b placd udr c prur r culd b

dlayd byd h imli currly prpd by

h prp r uggd hr. I , h girig

cruci cycl culd b xdd i durai, albi

wih a wakr ramp up prid, i c prur r kill

hrag bgi bi. ev , h majr prjc li,

cmpild i cjuci wih Qulad cracr,

rpr a balacd ad raabl xpcai majr

prjc dvlpm i h a.

. . . creating issues for skills resourcing and

infrastructure . . .

Intheabsenceof atransferof skills fromindustrieswithin

Qulad, r h availabiliy killd girig

gradua ad cruci labur, kill will d b

imprd i h a. thi i likly driv a vrall

racclrai i ppulai grwh, wih aual

immigrai i Qulad likly ri rm ju

udr 40,000 pr i 2010/11 vr 70,000

pr by 2012/13.

thi will hav implicai r h adquacy huigad irarucur dd uai ad uppr h

ppulai icra, paricularly i h rgi uid

Briba whr much h prjc wrk i.. miig

ad havy idury rlad will b akig plac. I al ha

implicai r cracr hirig ragi ad h abiliy

urc ppl wh ar willig wrk i h rgi ad

uid h suh ea crr.

Muchof the increaseddemand for labour isbeing driven

by LnG ad calrlad wrk i h sura ad Bw

Bai, Glad ad Mackay rgi. Apar rm

craig h p i h rgi i rm cad irarucur rquirm, h prjc will b

i dirc cmpii r rurc wih hr imilar

izd prjc i Wr Auralia, suh Auralia

i.. olympic Dam, h nrhr trriry ad nw


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suh Wal. thi will mak rurcig Qulad

prjc mr challgig.

. . . and driving other implications and challenges

for contractor strategies . . .

th x w yar will wr majr prjc

ppruii prvidd by h public cr, a sa

ad Fdral Gvrm k rr hir

acial pii ar mvig i dci durigh GFC ad i armah. Furhrmr, whr public

wrk ar rd, i will b l likly b aggrgad

i vry larg packag a gvrm k prad

wrk amg mdium izd ad mallr cracr ad

ihu wrkrc ad k cmpiiv fcicy gai.

thi will hav implicai r h prcurm ragi

Qulad cracr.

Bh aciviy ad majr prjc wrkrc rquirm

ar xpcd a i 2015/16 a h x rud

majr prjc bgi wid dw. ev , aciviy

i prjcd rmai wll abv ha 2011/12.Furhrmr, hi ulk i bad a raabl

am currly kw prjc ly h

Appdix r a cmpl prjc li. I i highly likly ha

mr majr prjc will b dvlpd ad idid vr

h x w yar icludig urhr miig ad rgy

prjc i h rgi ad w irarucur ivm i

h urba cr which culd b aciviy i 2015/16

ad byd. Cquly, ay dwur i 2015/16 may

b hallwr ha prd hr ad rairy i aur.

thi ha implicai r h lg rm dvlpm kill

mach cruci idury dmad ar 2015/16.Cracr will d kp abra dvlpm i

rdr pla r wrk i 2015/16 ad byd.

1. IntRoDUCtIon

th cruci idury i a majr mplyr ad a lad

idicar h vrall halh h cmy, wih girig

cruci dircly aligd wih cmic ad prduciviy

ucm. Impraly, a rbu ad fci girig

cruci cr i dpd cmpiiv ad

uaiabl cracr.

QMCA mmbr rpr cracr wh ar uiqulyplacd ad capabl dlivrig Qulad majr prjc.

th bui uaiabiliy h QMCA mmbr cracr

rli hir abiliy dvlp, dply ad rai rurc

havig rgard r h aicipad dmad r hir rvic.

t ai bh QMCA mmbr ad ky idury akhldr,

h QMCA, i cjuci wih cpr CsQ, ha wrkd

wih BIs shrapl dvlp h 2012 Majr Prjc Rpr

ad Majr Prjc Li prvid a aph majr prjc

ad h implicai ha h prjc hld r h Qulad

girig cruci cr ad h bradr cmy.

2. eConoMIC oUtLooK

2.1 Wrld ad naial oulk

Ulik may h dvlpd Wr cmi, Auralia

did xpric a acial crii r rci llwig hGFC. thi i largly crdid i lid cmic pii

prir h crii, a uppriv macr plicy rp, halhy

bakig ym ad rg dmad rm Aia. Whil h wrld

cmic rcvry i ill rugglig d raci, Auralia

cmy i rlaivly ud, alhugh grwh wakd i h

r hal 2011 du h impac aural diar ad a

high Auralia dllar. thak hirically high cmmdii

pric ad rbu ad uaiabl dmic dmad r

cal ad ir r rm Chia ad hr rapidly idurializig

uha Aia ai, Auralia i xpricig a rllig

cmmdii ad aural rurc bm ha i hlrig h

cmy rm urhr hck.

I hi rgard, much dpd h ulk r cmic

grwh i h Aia rgi, ad paricularly Chia. Chi

cmic grwh i xpcd lw rm h rapid dubl

digi grwh ra achivd durig h pa v yar, maily

du wakr grwh i xpr. expr hav b a ky

cmp h Chi grwh ry, bu maiaiig

rapid grwh i xpr will b difcul cmpard h pr

GFC ra.

Wih a grar rliac dmic dmad a h primary

gi grwh i Chia maily hrugh urhr idurialdvlpm, cmic grwh i xpcd mdra.

nvrhl, h ciud urbaiai rural ara ad

riig huhld icm ad pdig huld ill uppr

rlaivly rg grwh dpi h wak ulk r eurp

ad h Uid sa. I ur, uaid dmic dmad i

Chia will b h primary drivr h miral ad rurc

bm ha will ul Auralia grwh i h cmig yar.

Australian growth outlook

th Auralia cmy lwd hrugh caldar 2011.

ecmic grwh 2.0% i w xpcd r h ull yar,

cmpard grwh 2.5% i caldar 2010. Whil r,Auralia grwh i 2011 i ill xpcd xcd h

avrag GDP grwh amg h hr advacd cmi.

slwr Auralia grwh hrugh caldar 2011 wa largly a

rul a mprary lack cumr cdc big

huhld avig ra 15 yar high, a rg Auralia

dllar impacig h rad xpd cr, h wihdrawal

Fdral Gvrm imulu prgram acig public

ivm ad a ri aural diar which ha acd

prduci. I paricular, Qulad wa hi by xrardiary

cycl ad d impacig cal xpr ha accud r

a hird al aial xpr.

tradiially, ivm i h majr drivr h cmy.

Ivm add h cmy capaciy uppr

icrad prduci ad i larg, cyclical wig ad vlailiy

dlivr rg muliplir c. thrugh much h 2000

Annual GDP Comparison

Year Ended December 2010 2011e 2012f 2013f

Australia 2.5% 2.0% 3.8% 3.8%

Advanced Economies 3.1% 1.6% 1.9% 2.4%

China 10.4% 9.1% 8.5% 8.4%

Source: BIS Shrapnel, IMF World Economic Outlook 2011

tABLe 1: seLeC teD GDP FoR eCAsts.


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prir h glbal acial crii GFC, Auralia xpricd

wi bm i priva ad public ivm. thi udrwr

rg cmic grwh i Auralia durig h prid. Priva

ivm bmd r, driv iiially by a rg huig

upwig, cupld by larg priva ivm i cial ad

cmic irarucur hrugh public/priva parrhip

PPP. th, rm 2003 2008, priva ivm bmd,

driv maily by ivm i miig ad rgy rurc

prjc. By cra, grwh i public ivm wa

rlaivly ubdud arly i h dcad ciuig a prid

udrivm i irarucur which dd much h

1980 ad 1990 bu pickd up rgly lar i h dcad

h back high gvrm rvu ad a d r

iv i irarucur.

Up h h GFC i la 2008, priva ivm

wakd a w prjc wr dlayd r caclld. t

hr up cmic grwh, h Fdral Gvrm mbarkd

a ubaial imulu prgram icludig h Buildig h

educai Rvlui BeR chm, which drv a bm i

public ivm. sa Gvrm, , ciud may

hir igica irarucur prgram. Hwvr, h

Fdral imulu prgram i w cmig a d ad, wih

bh Fdral ad sa Gvrm lkig ward cal

clidai, public ivm i dcli vr 2011/12

ad ubqu yar.

Lkig rward, Auralia GDP grwh i xpcd

acclra 3.8% i bh caldr 2012 ad 2013 wll

ahad hr advacd cmi. Grwh i hi prid will

b driv by rcvrig priva ivm largly driv by h

x rud miig ad rgy prjc ha ar ramp

up hrugh 201114. Mark cdii ar y cduciv

a majr pha cmmrcial ad idurial prpry

buildig. Hwvr, cdii ar xpcd imprv hrugh

2012 ad 2013 a udig crai a ad mplym,

dmad ad pr rgh. Priva dwllig buildig

ivm i likly hav bmd u i 2010/11 wih

dubl digi grwh, albi rm a lw ba, xpcd llw

i 2011/12. ovrall, priva ivm will p lid grwh,

ig xpcd cu i public xpdiur a Fdral adsa gvrm mv back ward urplu.

Ivm iclud cruci, h purcha pla,

quipm ad iagibl uch a war, miral

xplrai ad grwh i bilgical a i.. livck.

o h, cruci ha h gra muliplir impac

cmic aciviy giv i high uiliai dmic labur

ad marial. th cruci gm ca il b brk

dw i ridial buildig, ridial buildig ad

girig cruci which iclud miig ad havy

idury ubgm. ovrall, a dmrad i Figur 5,

girig cruci havily driv by miig wa h ly

cruci cr dmra ral grwh vr 2010/11

a ridial ad ridial rmaid a, cribuig

h curr pach h Auralia cmy.

Ridial buildig i a caualy h cmbiai

ucraiy ad rlaivly high ir ra. All h alk

vrvalud huig mark cmpard wih vra ha

pkd wrccupir ad huig ivr alik. Wihu

h prpc capial gai, l al acig h pcr

capial l, hy ar kpig hir pwdr dry. I m a,paricularly nw suh Wal, h hrag huig ha

bcm criical. Mawhil, privaly udd ridial

buildig ll harply i h wak h GFC ad rmai wak,

wih al dwllig buildig aciviy upprd mprarily

by h BeR imulu prgram. th x ag h buildig

cycl i a upwig i ridial buildig ad cmmrcial ad

idurial ridial buildig wrk bu, currly, mark

ill rmai wak.

Priva ivm cam pau i 2010/11 a dlayd cal

ivm wrk rumd. Hwvr, apar rm rurc,

priva ivm rmai a, blw h lvl rquird udrwri v mdra grwh, ig h c r uur

capaciy crai. Bui rmai i c caim

md rahr ha garig up r grwh. thi highligh

h hrpd aur h Auralia cmy: cr

xpd h rurc cr ar grwig, radhlrd

cr xpd h high grwh rurc cr

rmai ural whil radxpd cr ar hrad by

rig cmpii ad a rg Auralia dllar.

Hwvr, a bradig i mplym, pr ad ivm

i xpcd rm 2012 a miig ivm ad icm

imula widr cmic aciviy, liig cdc adpdig ad curagig bui wich u c

caim md a xc capaciy i abrbd. th

umplym ra i xpcd mv lwr hrugh 2012,

wih a acclrai i wag grwh.

:

15

10

5

0

5

10

15

20

25

00 01 02 03 04 05 06 07 08 09 10 11 12

PublicInvestment PrivateInvestment Tota lInvestment

Annual%Change

YearEndedJune

Source:BIS Shrapnel,ABSData

Forecast

FIGURe 4: totAL InVestMent, AUstRALIA, ReAL GRoWtH PeR AnnUM.

0

20

40

60

80

100

120

00 01 02 03 04 05 06 07 08 09 10 11 12

ResidentialB ui ld in g N onResidentialBuilding Eng inee ringConstruction

YearEndedJune ForecastSource:BISShrapnel,ABSData$Billions

:

FIGURe 5: ConstRUCtIon WoRK Done AUstRALIA.


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Bw 2012/13 ad 2015/16, Qulad GsP grwh

i xpcd rmai rg ad uprrm h aial

avrag, wih m agai i public ivm. thi will b

mr ha by uaid icra i priva ivm,

paricularly ivm i w rurc prjc, which will b

h ky drivr h a cmy.

2.4 Ppulai Grwh

A igica crai acig Qulad i h x w yar

will b a adqua ppulai ba ad killd labur upply

car r h larg icra xpcd i priva ivm

paricularly r cal ad LnGrlad prjc.

Qulad ra ppulai grwh acclrad harply

hrugh h 2000 a h miig ivm bm rampd up,

drawig i much highr lvl immigrai rm hr a

a wll a rm vra. th pau i ivm driv by

h GFC aw a harp lwdw i h ra ppulai grwh

vr 2009/10 ad 2010/11, paricularly hrugh immigrai.

Hwvr, BIs shrapl rca Qulad ppulai

grwh ra racclra vr h x v yar lvl

imilar ha a h high h 2000 ivm

bm. thi will hav implicai r huig aciviy ad h

adquacy irarucur car r highr ppulai lvl,

paricularly i h rural rgi whr may rurc prjc

will arac labur. Wih aial ppulai grwh ra

rdig dw durig hi prid, plu a agig cmpii,

Qulad will d cmp rcly r lcal labur ad

vra ad ira migra.

3. QUeensLAnD ConstRUCtIon oUtLooK

3.1 Cruci Aciviy

tal cruci aciviy icrad mildly i Qulad

durig 2010/11 bu i pick up rgly i 2011/12,

wih al aciviy 23% highr ha 2007/08. th cruci

cr ca b urhr brk dw i h ky ubgm

icludig ridial buildig, ridial buildig ad

girig cruci. th ar addrd idividually

i ci 3.23.4 blw. Ay dicui h cruci

cr wuld b cmpl wihu cidrig h ulk

r cruci mplym ad wag a wll a crucic dicud i ci 3.53.6.

3.2 Ridial Buildig

Ridial buildig wrk d, icludig alrai ad

addii, ha all r hr ccuiv yar: 9.8% i

2008/09, 5.8% i 2009/10 ad a urhr 13% i 2010/11.

Wak ral grwh ad md pric grwh i prvidig

lil iciv iv. Wak i h vrall Qulad

cmy ad rlaivly high lad pric ar acig limi

wrccupir dmad. Wak ral ad pric grwh ad

high lad pric will pri i 2011/12 drivig Qulad

ridial buildig dw urhr. Hwvr, hi lvl buildig

i wll blw udrlyig dmad. Wih a riig dcicy

ridial ck, ad rbu ppulai grwh ad dmad

r huig, bh ral ad capial grwh i xpcd

pick up agai drivig ahr upwig i ridial buildig

vr 2012/13 ad 2013/14. th prpc a rur

riig ir ra hrugh hi prid cur iaiary

prur dpi h rc ra cu will likly crai h

upwig, hwvr.

3.3 nRidial Buildig

Ulik m hr a, ridial buildig wrk i

Qulad did a harp lump i 2008/09, wih

wrk d riig 9%. Cmmrcial ad idurial buildig

hld rlaivly a, whil cial ad idurial buildig hwd

rg grwh, hak h cmmcm a w majr

prjc ad h BeR chm. Hwvr, ridial

buildig wrk d i Qulad ha b aig u,

wih grwh i 2009/10 a 2.3% ad 2010/11 a 1.8%. scial

ad iiuial buildig grw rgly hrugh h yar

h back h BeR chm, whil cmmrcial ad idurial

wakd ubaially a w prjc wr dlayd. tal

ridial buildig will dcli harply i 2011/12 a himpac h BeR chm i wihdraw. Hwvr, m halh

prjc, a wll a a gradual rcvry i cmmrcial ad

idurial buildig will ridial buildig rack highr

vr ubqu yar.

3.4 egirig Cruci

Fllwig v yar backback grwh i xc 20%

pr aum, Qulad girig cruci aciviy ll

by 5.3% $20 billi ca 2008/09 pric i 2009/10.

Aciviy wa primarily driv lwr by wakr rapr ad

uilii cruci aciviy. Rad, railway, war ad

lcriciy cr all ad i li wih h cmpli rar cmpli majr prjc, alhugh miig ad

havy idury cruci ill grw 10% i h yar $6.7

billi, maily driv by urgig il ad ga i.. cal am

mha dvlpm.

70

80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012

ResidentialB ui ldi ng N onResidentialBuilding Engineeringconstruction TotalConstruction

Index

ForecastYearEndedJune Source:BISShrapnel,ABSData

I

:

FIGURe 9: QUeensLAnD ConstRUCtIon WoRK Done JUne 2008=100.

I

:I

0

20

40

60

80

100

120

140

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

NaturalInc rease Ove rse asMigration InterstateMigration

YearEndedJune Source:BISShrapnel,ABSDataThousands

Forecast

FIGURe 8: QUeensLAnD PoPULAtIon GRoWtH net InCReAse.


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Whil girig cruci aciviy abilid a a highr

lvl hrugh h r hr quarr 2010/11 dpi h

d ad cycl impac, hr wa a rmdu urg i

aciviy rcrdd i h Ju quarr. Cquly, girig

cruci wrk d i 2010/11 a a whl r 19%

$23.6 billi; a w rcrd. th larg icra i h yar

wa r miig ad havy idury cruci +$3.4 billi

i wrk d, mly driv by w il ad ga +$2.7 billi

ad cal +$500 milli prjc. thi d hrugh a riplig

i bh ga pipli ad harbur cruci rpcivly

ach vr $500 milli i wrk d r h yar, whil

war, wrag, railway ad lcmmuicai wrk

al r igicaly. By cra, rad cruci aciviy

ll away i 2010/11 a majr priva ad publicly acd

prjc wr cmpld h prviu yar.

A ubaial ri i girig cruci wrk d i

xpcd rm hr, wih al aciviy xpcd urg

$35 billi by 2013/14. Aual miig ad havy idury

cruci i rca dubl $20 billi by 2013/14.I addii rcrd lvl miig ivm, a igica

rud ivm i aciad mly privaly udd

irarucur i al aicipad. Railway, harbur,

pipli, lcriciy, war ad wrag cr will all

b ky bciari rm h x lg h rllig bm

cmpaig miral ad rgy. I ac, h ly privaly

udd cr ippd xpric cidrabl grwh

i rad cruci a wrk wid dw h larg Airpr

Lik prjc. By cra, publicly udd civil cruci wrk

i xpcd pak i 2011/12 a d rcruci wrk

cm hrugh, bu h abili ad dcli i ubquyar a bh sa ad Fdral Gvrm cu cal

clidai maur.

3.5 Qulad Cruci emplym ad Wag

Giv uch a rbu ulk r cruci aciviy,

h bigg challg acig Qulad i h x w yar

will b urcig a adqua labur upply car r larg

LnG ad cal prjc, plu h xpcd pick up i huig

cruci ad huhld pdig.

Qulad cruci mplym grwh ha b

rgr ha h aial avrag r mr ha a dcad h huldr miig rlad prjc ha icrad

migrai; big dmad r dwllig, cmmrcial ad

idurial pac a wll a cial ad phyical irarucur.

th acr cmbid aw Qulad cruci

mplym ball 247,600 pr i 2008/09 rm ju

136,000 pr durig h 2000/01 rugh, br aig

235,000 pr wih h GFC i 2009/10. I 2010/11

Qulad cruci mplym pickd up lighly by

0.5% 237,000 pr whil AWote wag avrag

wkly rdiary im arig i mial rm ralid rg

grwh ju vr 10%. tak ghr, mplym adwag grwh i h cruci cr wa largly driv by

h addii highly killd labur i prparai r igica

prjc i h pipli whil ill maiaiig a lar prl

amg lwr killd/lwr wag arr.

Giv h rg ulk r cruci aciviy, cruci

mplym grwh i xpcd acclra harply rm

hr. emplym i xpcd avrag 243,000 pr

hrugh 2011/12, bu h urg 278,000 pr i

2012/13 ad vr 285,000 pr h ubqu yar

accrdig BIs shrapl. emplym grwh will cmpri

bh highly killd ad lwr killd labur a wag ad

mplym imulauly ramp up. Qulad cruci

mplym grwh will uprrm h aial avrag vr

much h x v yar prid, alhugh mplym grwh

will lw ad pibly crac hrugh h al yar h

v yar rca a h curr rud majr prjc cm

cmpli. Hwvr, durig hi prid wag grwh i

xpcd rmai abv h aial avrag a cruci

rm k rai ky prl i prparai r h x

wav prjc.

3.6 Cruci C

3.6.1 Drivr Cruci C

Grwh i cruci c d b likd h

amu cruci aciviy gig a ay im. thr

i a piiv crrlai bw cruci aciviy ad

cruci c bcau high ad riig lvl dmad

i.. cruci aciviy ly plac prur h

xiig upply ipu, big ipu pric, bu al allw

upplir margi icra. Whr capaciy crai

xi, riig cruci aciviy ca lad rg icra

i ipu pric a ivm i w capaciy i il cly

ad ak im cm ram. Cruci c al

vary du chag i cmmdiy pric drmid i glbal

mark .g. l ad il. th pric chag may ccur

idpd dmic cruci aciviy.

3.6.2 egirig Cruci Implici Pric Dar

Giv u imilar cruci marial ad killd labur,

c r girig cruci ar likd bradr c

rd i h buildig ad cruci idury. o gaug

aggrga girig cruci c i h implici

pric dar IPD r girig cruci wrk d.

thi i drivd by dividig curr pric mial girig

cruci daa rm h ABs by i crrpdig ca

pric ral daa ri. thi civly ila chag i h

pric cruci, a ppd chag i aciviy.

thr d b rg crrlai bw h ral

girig cruci IPD i.. CPI iai ad

ral icra i cruci wrk d a h aial lvl.

thrugh h 2000, cruci c r wll ahad

CPI iai, ad rgly i li wih grally rgr

cruci aciviy ad l / il prduc pric.

5

3

1

1

3

5

7

9

11

13

2003 2005 2007 2009 2011 2013 2015

QLDEmp QLDAWOTE AUSEmp AUSAWOTE


Forecast

Annual%Change

FIGURe 10: ConstRUCtIon eMPLoYMent Vs. ConstRUCtIon WAGes GRoWtH.


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Up h calai h glbal acial crii i la 2008,

cruci c acually dclid, i li wih wakr

cmmdiy pric ad girig cmmcm wih

h xcpi h maiv Grg LnG prjc. Hwvr,

rc radig r cruci c hw ha i i

acclraig agai.

Giv h ulk r Auralia dwllig cruci

aciviy, a rur rgr, ad acclraig, grwh i

cruci c vr h x 5 yar i xpcd. Frm

a avrag ju 1.5% grwh hrugh 2010/11, grwh i

xpcd mv back i h 45% pr aum rag durig

h 201315 prid. thi i imilar ha xpricd i h

prid rm 2005 2008.

3.6.3 ovrall oulk r Cruci C

Dpi rc v, h mdium lgr rm ulk r

h glbal cmy rmai piiv. Whil glbal cmic

grwh may a durig 2011/12, i i xpcd acclra

agai vr 2012/13 ad 2013/14 alhugh grwh i GFC

acd advacd cmi uch a h Us, UK ad par eurp will rmai craid r vral yar. th piiv

mdium rm ulk r h glbal cmy, cmbid wih

a rcvry i Auralia cruci aciviy i xpcd

driv a racclrai i grwh i cruci c hrugh

h middl h dcad. I Qulad, which ha

h rg grwh prl r cruci ay a,

cruci c grwh i likly b paricularly rbu.

4. QUeensLAnD enGIneeRInG ConstRUCtIonoUtLooK

4.1 srucur ad ovrviw egirig Cruci

th girig cruci cr ci primarily v

ubcr ir ha ciu h bulk h cagry:

1 rad; 2 bridg, harbur ad rail; 3 lcriciy ad

pipli; 4 war ad wrag; ad 5 miig ad havy

idury. Fllwig v yar back back grwh i xc

20% pr aum, Qulad girig cruci

aciviy ll by 5.3% $20 billi ca 2008/09 pric

i 2009/10. Rad, railway, war ad lcriciy cr all

ad i li wih h cmpli r ar cmpli majr

prjc. I cra, h miig ad havy idury cr

ciud i lg rm rd xpai.

tal girig cruci grw 18.5% i 2010/11. Grwh

wa driv largly by a maiv icra i miig ad havy

idury wrk d wih hlp rm war, wrag, bridg,

railway ad harbur wrk bur all i rad, lcriciy

ad pipli. tal girig cruci i rca

urg a urhr 21% i 2011/12, wih rad, lcriciy

ad ga pipli h majr cribur whil war ad

wrag bgi mak a qui rra r h rmaidr

h rca prid.

Lkig ahad, miig ad havy idury will h rg

grwh ay gm, wih aciviy riig $20 billi i2013/14. thi will p up a cidrabl gap bw hi

gm ad h hr girig cruci gm,

wih miig ad havy idury cruci rprig

arly 60% up rm 25% i 2007/08 all girig

cruci aciviy i Qulad. Whil miig ad havy

idury cruci aciviy may a i 2015/16 a prjc

ar cmpld, i will ill rmai a lvl arly hr im

ha rcrdd i 2008/09. I may al d up highr ha

hi ad uaid hrugh h rmaidr h dcad i

ahr rud prjc a y uidid ar dvlpd

d grwig dmad r rgy ad cmmdii i h

Aia rgi.

I i impra h igicac h cal idury

vrall girig cruci aciviy i Qulad.

Whil h dvlpm cal mi ad hadlig acilii

currly mak up rughly hal all miig ad havy idury

cruci apprximaly $5 billi i 2010/11, h cal

idury al currly driv arud w hird all rail

cruci a urhr $460 milli i 2010/11 ad 80%

all harbur wrk arud $400 milli i 2010/11, bw

$150200 milli i acc rad cruci a wll a a

rag aciad uilii ad dam wrk.

4.2 Rad

Qulad rad cruci wrk d ll r h cd

raigh yar i 2010/11, wih aciviy dw 12.7%

$5 billi. th ig i aciviy cam ar wrk d

urgd by vr 50% i 2008/09 ad rc h cmpli

r ar cmpli a umbr majr priva ad public

prjc. Rad cruci i xpcd ri i 2011/12 a

h b rm d rbuildig ad immuiy wrk pak ad

allig aciviy lwhr. th c i Qulad

rad cruci will mv highr i 2011/12, br alligby arly hird vr h ubqu hr yar. A rcvry

i xpcd clr h middl h dcad driv by h

x v yar rud nai Buildig Prgram nBP prjc

rm 2013/14.

:

85

90

95

100

105

110

115

120

0

20

40

60

80

100

120

87 89 91 93 95 97 99 01 03 05 07 09 11 13 15

EngineeringConstruction WorkDone,L HS E ng in ee ri ngConstruction 'Real'IPD,2004/05=100,RHS

ForecastYearEndedJune Source:BISShrapnel,ABSData

Index$Billions

FIGURe 11: enGIneeRInG ConstRUCtIon IMPLICIt PRICe DeFLAtoR (2008/09=100).

0

5

10

15

20

2000 2002 2004 2006 2008 2010 2012 2014 2016

Roads Electricity&Pipelines Water&SewerageBridges,Railways&Harbo urs R ecreat io n&Othe r Te le communicationsHeavyIndustry&Mining

$Billion

YearEndedJune Source:BISShrapnel,ABSData Forecast

:

FIGURe 12: enGIneeRInG ConstRUCtIon WoRK Done BY seGMent: QUeensLAnD $ BILLIon 2008/09 PRICes.


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4.3 Bridg, Railway ad Harbur

Hirically high lvl bridg cruci hav b

udrak i Qulad vr rc yar, wih wrk d

ragig bw $500 ad $750 milli i h pa ur yar

al. ovrall, i h x v yar, aciviy i xpcd

crac rm rughly $500 milli i 2010/11 arud

$200 milli by 2014/15. thi lvl wrk d rc h

abc majr prjc imilar h udrak i hpa w yar ad i ci wih rca lvl rad

cruci vr h x v yar.

Alg wih miig ad havy idury cruci, harbur

ad railway cruci ha a vry rg ulk. Wrk

d i rca arly ripl vr h x v yar ad

rmai lvad vr much h x dcad. shr rm

aciviy will rciv a mprary b rm rcruci

wrk, bu h ral drivr grwh will cm rm wrk

a umbr pagrrlad prjc i h uh a

crr ad urhr upgrad ad xpai Qulad

va calrlad wrk. suaid, rg dmad rcal will ciu driv cidrabl ivm i cal

hadlig rlad irarucur i h lg rm, whil w rail

irarucur uppr ppulai grwh will al b a ky

drivr aciviy.

4.4 War & swrag

srg ppulai grwh, ucraiy urrudig uur

pabl war uppli ad h d upply h war

iiv rurc cr will ciu prvid h impu

r grwh vr h x v yar i war ad wrag

wrk. Currly, a umbr dam ad pipli prjc ar

udrpiig $2.7 billi i aciviy acr h a. Hwvr,

c h majr prjc wid dw, aciviy will all blw

h $2 billi mark hrugh 2013/14 ad 2014/15 wih

urhr dam ad pipli wrk, bu a much mallr cal,

upprig aciviy.

4.5 elcriciy & Ga Pipli

ovrcmig h hra pwr hrag ad urig

ufci rgy capaciy r bh bui ad ridial

cumr will ciu b a ky drivr aciviy vr

h x dcad. Qulad ha a grar umbr high

rgy ur ypically rurc cr ad havy iduryur ha hr a. Addiially, Qulad al ha h

a grwig ppulai placig urhr r lcriciy

grai, ramii ad upply wrk r ridial

ad cmmrcial u. A rprd i h rc sam

oppruii publihd by h Auralia ergy Mark

oprar AeMo, rgy dmad i Qulad i xpcd

grw a a avrag pac 4.1% pr aum hrugh h

x v yar, cmpard a naial elcriciy Mark

neM avrag ju 2.3% pr aum.

srg grwh i dmad r rgy, a wll a h dvlpm

dmic ad LnGbad ga upply ym will urhrrg grwh i lcriciy ad ga pipli cruci.

Frm a cmbid valu $2.5 billi i 2010/11, wrk d

i xpcd ri $3.2 billi i 2011/12 ad abv $4

billi i 2012/13.

4.6 Miig & Havy Idury

th miig ad havy idury cruci cagry i ar

ad away h larg gm girig cruci

i Qulad ad i h ky drivr grwh i h a.

Frm ju $650 milli i 2000/01, aual cruci

wrk bmd $3.5 billi by 2005/06 ad $6 billi pr

aum by 2008/09 wh h GFC hi. th rc rcvry i

cal ad cal hadlig wrk cmbid wih a bm i LnGrlad cruci ha al aciviy i h cr ri

vr $10 billi i 2010/11. o hi, rughly hal i cal

ad cal hadligrlad cruci ad hird i il

ad garlad cruci icludig h ga pipli

wrk dcribd arlir. th rmaidr i mly cmprid

alumia/alumiium upgrad, hr miral dvlpm

ad hr havy idury.

ovr h x hr yar, al miig ad havy idury

cruci i Qulad i rca dubl agai

$20 billi i wrk d pr aum. M hi grwh will

b driv by a urhr riplig h dmic cruci

rquirm up 4 majr LnG dvlpm i h

Glad rgi, alhugh hr rmai ccr ha all

prjc will b abl b cmpld i prpd imram i

udrak imulauly. Mawhil, uaid dmad r

bh ckig ad hrmal cal rm Aia i xpcd

ubaial xpai i radiial cal miig rgi bu

al h dvlpm h sura ad Galil Bai. ovrall,

cal ad cal hadlig cruci aciviy i rca ri

70% vr h x ur yar, icludig aciad railway

ad harbur wrk.Mawhil, hr miral cruci aciviy i prdicd

dubl vr h x w yar ad rmai lvad.

Gld, cppr, zic ad phpha prjc hav all b

armarkd r dvlpm ad ar likly driv a rcrd

vlum cruci wrk. o h hr had, alumiium

aciviy, ar riig rcrd lvl, will all away harply i

li wih h cmpli majr prjc icludig h Yarwu

alumia rry xpai ad h By Ilad mlr

mdriai.

5. QUeensLAnD MAJoR PRoJeCts

5.1 Bai h QMCA Majr Prjc Li

th QMCA 2011 Majr Prjc Li i prd i h

Appdix hi rpr. th Majr Prjc Li i r prjc

i xc $100 milli ad wa dvlpd by BIs shrapl

i crdiai wih QMCA mmbr kwldg hugh ocbr

ad nvmbr 2011.

5.2 Majr Prjc Cmmim

Figur 13 highligh h curr aciviy prjci r majr

prjc i.. grar ha $100 milli r h prid 2010/11 2015/16 ha wr dvlpd hrugh hi xrci. thi

i bad daa availabl spmbr 2011. th graph

al cmpar h aciviy prjci r h ky girig

cruci cr.


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tal girig cruci majr prjc i Qulad,

accrdig hi aalyi, i xpcd ri rm $10.7 billi

i 2011/12 $19.7 billi i bh 2013/14 ad 2014/15.

Bad h xiig majr prjc pipli, aciviy majr

prjc i xpcd pak i 2014/15, br dcliig

i 2015/16 a currly idid prjc mv a

cmpli pha.

oil ad ga, alg wih cal, will b h primary drivr aciviy i h girig cruci cr r prjc vr

$100 milli i valu vr h v yar rca hriz. oil

ad ga aciviy i pak i 2014/15 a arly $8 billi

wrk d whil cal mi ad cal hadlig i xpcd

pak vr 201415 a rughly $5.2 billi pr aum

avrag, u a al alm $20 billi r all cr

cmbid. Rail; rad ad bridg; ad harbur ad pr

ar h x rg cribur aciviy, wih m majr

prjc aimd a big cal xpr capaciy. All pak

a rughly $2 billi i wrk d bu wih aggrd pak

hrugh h rca hriz: rad ad bridg ar xpcd

pak r i 2011/12, h harbur ad pr i 2012/13

ad ally rail i 2014/15.

5.3 Majr Prjc Wrkrc Rurcig

Du h iiv labur rquirm girig

cruci aciviy, hr xi a dirc rlaihip bw

majr prjc prpc ad uur labur dmad. I cmpilig

h majr prjc li, a wrkrc ima ha b acribd

r ach prjc, i rm cruci labur rquird. thi

irmai ha b draw rm variu publihd urc.

Whr irmai rquird wrkrc wr availabl,

h wrkrc rquirm ha b imad bad imilarprjc lwhr. By mappig u wrkrc rquirm by

majr prjc, i i h pibl build up a ima al

wrkrc rquirm by girig gm hrugh h

x v yar. Furhrmr, by ackwldgig which prjc

hav b awardd udig, prai ca b mad h

ulk r wrkrc rquirm i aggrga, r r udd

prjc ly.

5.4 tal Majr Prjc Dmad

Cidrd i um, wrkrc dmad r girig

cruci prjc grar ha $100 milli i Qulad

ar rca dubl bw 2011/12 ad 2014/15, rmju vr 15,000, ju vr 30,000 pr. Alhugh

largly driv by wrk i h miig ad havy idury

gm mr dail blw, i huld b d ha all

girig gm wih h xcpi rad will a

riig majr prjc wrkrc rquirm durig hi prid.

Figur 14 hw ha i will b uil 2015/16 ha currly

idid majr prjc mv cmpli ad hc

h maurd wrkrc rquirm a. Hwvr, h

wrkrc rquirm will ill b ar abv hirical lvl r

h girig cruci cr i ha yar; arly 50%

highr ha 2011/12. Furhrmr, a ad prviuly, hr

i a high liklihd ha urhr majr prjc will b rvald

vr h x w yar which culd h ivm cycl

xdd i h ubqu v yar prid. thi wuld

a hallwr dwur i 2015/16, wih h prpc

a uaid high lvl aciviy ad majr prjc wrkrc

dmad byd.

I i impra ackwldg ha hi prjci i bad

a cidrd ad raabl viw h likly dvlpm

prjc i h a, a daild i h Majr Prjc Li

aachd i h Appdix hi rpr, whhr r h

prjc hav currly rcivd udig apprval. thi i likly

prvid a mr raliic ulk majr prjc aciviyi Qulad, ad hw hw h wrkrc rquirm i

likly b uaid vr vral yar. I h xrci wr

imply arrwd cidr ju h prjc which currly

had udig apprval, h majr prjc aciviy wuld

xpric a larg a icra hrugh h x w yar

ad wuld b lwr i 2015/16. Hwvr, hi wuld b

a raliic ulk r aciviy giv may currly uudd

prjc ar vry likly b giv a udig cmmim vr

h x 1218 mh.

5.4.1 Rad & Bridg

A dcribd arlir, rad ad bridg cruci wrk ixpcd crac vr h x v yar a h Fdral

ad sa gvrm amp clida hir budg,

a pla ar dvlpd r h x rud nai Buildig

Prgram prjc rm 2013/14, ad giv w majr

priva ll rad ar h rca hriz. Cquly,

dmad curv r bh udd ad al majr prjc

wrkrc dmad ar rdig dwward rm h pak

arud 4,900 pr i 2011/12. tal wrkrc dmad

i rca rach a rugh ju vr 2,500 pr i

2013/14 br ig rghig rm 2014/15 ward.

I i impra ha whil rad cruci aciviy i ha will b upprd by d rcruci ad rcvry

r, i i mr likly ha h wrk which ar igica

i aggrga will b prad widly i mallr packag, ad

ar icludd i h majr prjc dmad prjci.

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FIGURe 14: MAJoR PRoJeCts WoRK Done & WoRKFoRCe DeMAnD ALL seGMents.

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2011/12 2012/13 2013/14 2014/15 2015/16Oil&Gas Coal Rail Roads&BridgesHarbours/Ports Water Sewerage Electricity

Pipelines Telecom Bauxite,Alumina &Aluminium OtherHeavyIndustry

YearEndedJune Source:BISShrapnel,QMCA$Billion

FIGURe 13: QUeensLAnD MAJoR PRoJeCts WoRK Done BY seCtoR FoReCAst.


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5.4.2 Railway ad Harbur

I cra rad ad bridg, majr railway ad harbur

prjc wrk i xpcd grw rgly rm hr, alg wih

wrkrc dmad. Majr railway prjc wrk i xpcd

climb rm ju udr $1 billi i 2011/12 $1.5 billi by

2013/14 ad vr $2 billi by 2014/15. Mawhil, harbur

majr prjc wrk i xpcd ri rm $855 milli i

2011/12 ju vr $2.2 billi i 2012/13 ad ay vr $2

billi i 2013/14. A hw i h Appdix prjc li, h

va bulk rail ad harbur wrk i driv by h dmad

h cal cr.

A hw i Figur 16, majr prjc wrkrc rquirm

r railway ad harbur aciviy i ramp up rm 1,900

pr i 2011/12, a pak 6,000 pr i 2014/15

r all prjc, whhr udd r uudd. th cmpli

a rag prjc i h xpcd h labur

rquirm a back 4,600 pr by 2015/16, bu hi

i ill much highr ha h curr lvl. o a udd bai,

wrk d majr prjc i xpcd pak i 2012/13

a alm $3 billi wih a crrpdig labur rquirm

3,750 pr br dcliig i ubqu yar.

5.4.3 War ad swrag

War ad wragrlad cruci aciviy i upprd

by rg ppulai grwh ad h d upply war r

miral prjc. A aciviy majr dam ad pipli wrk

wid dw, will labur rquirm ward h d

h v yar rca prid. Hwvr, a hw i Figur 17,

labur rquirm gravia i h rag 530 pr a

h rugh i 2012/13 a pak 840 wrkr i 2013/14

wih a avrag 685 pr vr h rca prid. Ihuld b d ha may prjc i h war ad wrag

gm will xcd $100 milli idividually .g. m

ypical wa war ram pla, alg wih riculai

wrk c, ad ar icludd i hi aalyi.

5.4.4 elcriciy, Pipli ad tlcm

Wrkrc dmad r majr prjc i h lcriciy,

pipli ad lcm gm i xpcd mr ha

dubl by 2012/13 ju udr 3,300 pr rm a

imad cruci labur rc ju 1,400 i 2011/12.

Ulik h rca r hi gm dcribd i ci 4.5

whr aciviy i xpcd rmai xrmly rg ar

2012/13, lrig u h prjc l ha $100 milli i

valu cra a dir picur. Fr larg prjc vr $100

milli, hr i likly b a dcli i bh wrk d ad

wrkrc rquirm ar 2012/13. M h dcli

i driv by h cmpli ga pipli wrk r vral

LnG dvlpm hrugh 2013/14 ad 2014/15, a wll a

h imig larg lcriciy grai prjc. Cvrly,

i m h lcriciy grai prjc wr b

dlayd, h wrkrc rquirm wuld grw mr lwly

vr 2012/13, ad b mr uaid a highr lvl vr

2013/14 ad 2014/15. Hwvr, h gm vrall will

ill b acd by h cmpli ga pipli cruci

which cmpri h bulk h wrkrc rquirm.ovrall, wrkrc rquirm r hi gm will rd

dwward vr h hr yar 2015/16. Hwvr, labur

rc rquirm ar likly rmai rg hrughu h

rca prid a mallr prjc will rmai aciv durig

hi prid.

5.4.5 Miig & Havy Idury

Miig & havy idury cruci i rca b h m

igica mplyr i h girig cruci cr vr

h rca prid i rm bh hr umbr mplyd

ad i rm i aggriv grwh pah. Accrdig h

aalyi majr prjc, wrk d majr miig adhavy idury cruci prjc i xpcd ri rm

$5.4 billi i 2011/12 arly $14 billi by 2013/14.

M hi grwh will b driv by il ad ga $3.4 billi

i 2011/12 arly $8 billi by 2013/14 ad cal

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2.0

2.5

3.0

3.5

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2011/12 2012/13 2013/14 2014/15 2015/16

Electricity,PipelinesandTelecomeFunded( LHS ) E le ctr ic it y,Pipeline&TelecomUnfunded(LHS)TotalLabourDemand(RHS) FundedLabourDemand (RHS)

$BillionsYearEndedJune Source:BIS Shrapnel,ABSData

Thousands

FIGURe 18: MAJoR eLeCtRICItY, PIPeLIne AnD teLeCoM WoRK Done & WoRKFoRCe

DeMAnD FoReCAst.

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3

4

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6

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1.5

2.0

2.5

2011/12 2012/13 2013/14 2014/15 2015/16Roads&BridgesFunded(LHS) Roads&BridgesUnfunded(LHS)TotalLabourDemand(RHS) FundedLabour Demand (RHS)

Thousands$Billions


:

FIGURe 15: MAJoR RoADs AnD BRIDGes PRoJeCts WoRK Done & WoRKFoRCe DeMAnD FoReCAst.

0123456789

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200

300

400

500

600

700

800

2011/12 2012/13 2013/14 2014/15 2015/16Water&SewerageFunded(LHS) Water&SewerageUnfunded (LHS)FundedLabourDemand(RHS) TotalLabourDemand (RHS)

YearEndedJune Source:BIS Shrapnel,ABSData$Millions Hundreds

:

FIGURe 17: MAJoR WAteR AnD seWeRAGe WoRK Done & WoRKFoRCe DeMAnD FoReCAst.

:

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4

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0.0

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1.0

1.5

2.0

2.5

3.0

3.5

4.0

2011/12 2012/13 2013/14 2014/15 2015/16

Railways&HarboursFunded(LHS) Railways&Harbours Unfunded(LHS)TotalLabourDemand (RHS) FundedLabourDemand (RHS)

YearEndedJune Source:BIS Shrapnel,ABSData$Billions Thousands

FIGURe 16: MAJoR RAILWAYs AnD HARBoURs WoRK Done & WoRKFoRCe DeMAnD FoReCAst.


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$1.4 billi i 2011/12 vr $5 billi by 2013/14. smallr

ri ar xpcd r hr miral prjc, whil h

cmpli alumia/alumiium wrk will majr prjc

wrkrc dcli i hi gm i 2011/12 ad 2012/13

br a pickup i 2013/14 bad a likly xpai

h Wipa bauxi mi.

Figur 19 illura ha majr prjc wrkrc rquirm

r miig ad havy idury prjc i 2011/12 i rca b 6,400 mply. By 2014/15, mr ha 19,000 pr

will b mplyd majr prjc i hi gm rprig

a riplig i h wrk rc rquirm r hi cr. M

hi grwh i h wrkrc rquirm will cm rm il

ad ga riig rm a imad 3,500 pr i 2011/12

9,800 pr by 2014/15 ad cal riig rm 1,700

pr i 2011/12 7,800 pr by 2014/15. Agai,

ha h gur ar bad idid cal mi ad

cal hadlig cruci prjc wrh mr ha $100

milli ad d iclud cal mi prduci mply r

cruci wrkr rlad irarucur uch a railway

ad pr which ar xpcd grw i umbr ubaially

al hrugh h rca prid. Cquly, h impac

cal ivm majr prjc wrkrc dmad will

b highr ha ha idicad r cal mi ad hadlig

prjc al.

I rm currly udd wrk ly, majr prjc

cruci wrk d i xpcd pak i 2012/13 a

$8.6 billi ad b uaid a hi lvl hrugh 2013/14

arud 60% highr ha i 2011/12. thi i xpcd driv

a rg ri i h wrkrc rquirm 11,000 pr

rm 6,200 pr i 2011/12, wih allig y ill vry

high rquirm vr 2013/14 ad 2014/15 a uddwrk mv cmpli.

A h d h rca prid, i 2015/16, h ar

cmpli vral majr prjc i h li LnG ad cal

driv a aig i majr prjc wrk d ad imad

wrkrc dmad. Agai, hwvr, i huld b d ha

hr rmai a rg pibiliy ha w miig ad havy

idury prjc will b rvald vr h x w yar

which culd uai aciviy a vry high lvl i 2015/16 ad

byd.

6. KeY PoInts, IMPLICAtIons AnDCHALLenGes

ovrall, h ky pi, implicai ad challg hi

aalyi ar a llw:

1. Grwh i Qulad cruci aciviy lwd

ubaially bw 2008/09 ad 2009/10

a larg priva prjc wr pu hld i h

wak h GFC. Whil h x h lwdw wa

miigad by a rg curcyclical cal imulu i

h rm h BeR chm hi ly had limid b

r h majr prjc girig cruci mark. I

ur, h lwdw i h cruci idury, cmbid

wih h impac h high Auralia dllar radabl

iduri, ad h GFC urim paricularly, puhd

Qulad civly i rci durig h prid.

2. th la girig cruci daa rm h

ABs ugg ha h Qulad girig

cruci mark urd h crr i 2011, wih

a 25% li i aciviy cmig hrugh i h Ju quarr

ad a 18.5% icra i h acial yar. Aalyi ad

rca prvidd by BIs shrapl ugg ha hi i

ju h ar a vry rg upwig i girigcruci wrk, wih al aual girig

cruci wrk d xpcd ri rm $23.6

billi i 2010/11 $34.7 billi by 2013/14.

3. I ur, aual wrk d Qulad majr

girig prjc i.. h wih a valu grar

ha $100 milli i xpcd ri rm $10.7

billi i 2011/12 ju udr $20 billi i bh

2013/14 ad 2014/15. thi iclud bh udd ad

uudd prjc currly, bu rpr a balacd

ad raabl ulk r majr prjc aciviygiv rca glbal ad aial cmic cdii.

Rricig h aalyi udd prjc ly, majr

prjc wrk d i ill xpcd ri $10.6 billi

i 2011/12 ad h ju udr $14 billi i 2012/13,

br rraig i ubqu yar a currly udd

wrk mv i a cmpli pha.

4. ev i h aalyi i rricd cvr ly h

prjc wih udig apprval r cmmim, wrk

d majr prjc will ri igicaly i 2012/13

ad rmai vry high i 2013/14, ailig a wrkrcrquirm hiig up arly 20,000 pr i

2012/13 ad 17,300 pr i 2013/14, up rm ju

udr 15,000 pr i 2010/11. thi i igicaly

highr ha ima prvidd i h 2010 Majr Prjc

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Oil&Gas Coa l O the rMinerals OtherHeavyIndustry Bauxite,Alumina&Aluminium

Thousands


FIGURe 20: MInInG & HeAVY InDUstRY ConstRUCtIon WoRKFoRCe DeMAnD BY seGMent.

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FIGURe 19: MInInG AnD HeAVY InDUstRY PRoJeCts WoRK Done & WoRKFoRCe DeMAnD

FoReCAst.


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Rpr, alhugh h hap grwh i dmad rmai

imilar, wih a pakig i udd majr prjc dmad

cmig hrugh i 2012/13.

5. th aalyi udrak i hi udy ugg ha,

bad a likly ad raabl cari curr

ad uur prjc wrk, h girig cruci

wrkrc rquird dlivr Qulad majr prjc

will d ri ubaially vr h x ur yar.

Frm arud 15,300 pr i 2011/12, h majr

prjc cruci wrkrc i xpcd ri ju

vr 30,000 pr by 2014/15. thi ugg a

civ dublig i h majr prjc wrkrc

rquirm i ur yar. th larg ramp up i

wrkrc rquirm implid i hi udy ugg

ha prcurig ad raiig killd wrkr will b crucial

hrugh h rca prid.

6. Cmbid wih a vual pickup i ridial buildig

ad ridial buildig wrk, h harp icra i

majr girig prjc wrk will driv a ubaial

icra i al buildig ad cruci aciviy. thi

i likly urhr rg grwh i cruci

wag i Qulad abv ha Auralia a

wll a a racclrai i cruci c

grally.

7. A pial rik prjc imli i mig

virmal adard dvlpm hrugh h

virmal apprval prc. Whil may majr

prjc hav alrady rcivd virmal apprval,

h im ak pa hi ag ad h quaum

virmal cdii aachd dvlpm ha

b, i m ca, ubaial. Furhrmr, m

virmal apprval ar currly big challgd

hrugh h lgal ym which will urhr dlay prjc

implmai. Giv h iz ad cmplxiy may

h majr prjc prpd r Qulad vr h

x 5 yar, i i uraabl xpc ha m

prjc may ac dlay a a rul h apprval

prc. ovrall, hwvr, i prjc ar dlayd hrughcapaciy crai r apprval prc, hi i mr

likly xd h cycl i majr prjc wrk.

8. A a rul h prviu 3 pi, hr rmai a

ubaial rik ha majr girig cruci

prjc i Qulad will b placd udr c

prur r culd b dlayd byd h imli

prpd by h prp r uggd hr.

Cquly, barrig ay igica chag h

glbal cmic ulk acig dmad r mal,

miral ad rgy, hr ill rmai h rik hah girig cruci cycl culd b xdd

i durai, albi wih a wakr ramp up prid, i c

prur r kill hrag bgi bi. ev , h

majr prjc li, cmpild i cjuci wih Qulad

cracr, rpr a balacd ad raabl

xpcai majr prjc dvlpm i h a.

9. th ubaial icra i h majr prjc cruci

wrkrc hrugh h x ur yar will likly d

b m hrugh rarrig kill bw iduri

a wll a imprig kill rm uid Qulad,

ihr rm h r Auralia r rm vra. I h

ca h lar, hi i likly driv a vrall r

acclrai i ppulai grwh, wih aual

immigrai i Qulad likly ri rm ju

udr 40,000 pr i 2010/11 vr 70,000

pr by 2012/13. thi will hav implicai r

h adquacy huig ad irarucur dd

uai ad uppr h ppulai icra,

paricularly i h rgi uid Briba whr much

h prjc wrk i.. miig ad havy idury rlad

will b akig plac. I al ha implicai r h abiliy

urc ppl wh ar willig wrk i h rgi

ad uid h suh ea crr.

10. th aalyi r hi rpr idica ha h girig

cruci ladcap i Qulad will b rarmd

vr h x v yar ad byd alhugh all

prjc hav y rcivd udig cmmim r

virmal apprval. th vry rg ulk

pr challg h idury i rm

avidig kill ad quipm hrag, blck

ad riig c which hav characrid prviu

bm. thi rquir a rarmai i hikig

abu h way prjc ad kill ar dvlpd

ad ivai i hw hy ar dlivrd. I hi

virm, ai killig hrugh ducai

ad raiig iiiaiv will b crucial. I h hr rm,

i will b difcul m h wrkrc rquirm

majr prjc hrugh ducai ad raiig iiiaiv

al, wih much h icrad wrkrc rquirm

likly b m by highr ira ad vra

migrai. Hwvr, hrugh h mdium lgr rm,

argd ducai ad raiig prgram will b vial i

big h availabl upply wrkr m dmad.I high kill ara, uch a h girig pri,

ducai ad raiig iiiaiv will b cary imply

rplac ldr wrkr wh ar ririg vr h cmig

dcad, l al buildig up largr wrkrc capabilii

m prjcd dmad.

11. th rg ulk r majr prjc aciviy ad

hc h rg ulk r wrkrc rquirm

rla h ubaial miig ad havy idury

cruci gm. Majr prjc wrk i hi cr

al i xpcd ri rm $5.4 billi i 2011/12 $13.5 billi by 2013/14. Much hi i i ur driv

by LnG ad calrlad wrk i h sura ad Bw

Bai, Glad ad Mackay rgi. Apar rm

craig h p i h rgi i rm


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c ad irarucur rquirm, h prjc

will b i dirc cmpii r rurc wih

hr imilar prjc i Wr Auralia, suh

Auralia i.. olympic Dam, h nrhr trriry

ad nw suh Wal. thi will mak rurcig

Qulad prjc mr challgig.

12. th rgial cu may miig ad rgy prjc

paricularly i h Mackay/Fizry aiical divii

ad, ably, Glad i ur will cra ubaial

challg r h cruci idury. Fr iac,

hw will kill b aracd uid h majr ppulai

cr i h suh ea crr h a ad hr

mrplia rgi i h r Auralia i h

rgi? Wha irarucur pla ar i plac ad big

prgrd i h rgi accmmda ad prvid

rvic r h larg umbr killd pr rquird

i bh h cruci ad prduci pha h

dvlpm? I ummary, h cmig miig adrgy ivm cycl will cia ubaial

ivm i cial irarucur i h rgi,

rm huig chl, hpial, park ad

rcraial acilii arac wrkig amili

p h mr udamal cmic irarucur

rquirm acr rapr gm ad

h uilii. Whil Fly i / Fly u r FIFo wrkig

arragm may bcm mr prval, i will b a

paaca r ivig i uaiabl cmmuii i h

rgi.

13. th alm igular cu miig ad rgy prjc

a a ky drivr majr prjc grwh al dir

ubaially rm h prGFC prid, wh bh h public

ad priva cr wr big dmad r majr

prjc wrk. By cra, h x w yar will

wr majr prjc ppruii prvidd by h

public cr, a sa ad Fdral Gvrm

k rr hir acial pii ar mvig

i dci durig h GFC ad i armah.

Furhrmr, whr public wrk ar rd, i will b

l likly b aggrgad i vry larg packag agvrm k prad wrk amg mdium izd

ad mallr cracr ad ihu wrkrc ad k

cmpiiv fcicy gai. thi will hav implicai r

h prcurm ragi Qulad cracr.

14. th imprac miig ad rgy prjc

h ulk, rlaiv h public cr, al ma

ha Qulad majr prjc ulk i w,

mr ha vr, id h ru h glbal

cmy, paricularly Chia ad h Aia rgi.

Whil miig prjc ru m rik big dlayd iChi grwh wr lw prcipiuly ad mr ha

aicipad ad cmmdiy pric wr all, h rgy

i.. LnG prjc ar mr likly prcd udr mr

advr glbal cmic cdii. thi i bcau

hir larg upr capial c which ar likly all i

im wakr cmic cdii bcau h w

hrugh lwr cmmdiy pric ad labur c r

cruci bu al h lg ru aur hir upply

crac. thi ma ha a ubaial pri h

icra i miig ad havy idury prjc wrk i

alrady lckd i r h x v yar.

15. Cvrly, giv h dmiac h public cr i

rad prvii, majr rad ad bridg prjc wrk

ar xpcd dcli hrugh h rca prid.

thi will b acclrad by h cmpli h larg ad

privaly udd Airpr Lik prjc, bu i al acd

by dcliig highway ad arrial majr prjc wrk i

h a ar 2011/12. Whil h irduci a w

nai Buildig Prgram r udig lad rapr rm

2013/14 may h majr prjc ulk imprv,

h aalyi i hi rpr ugg ha majr rad ad

bridg prjc wrk d will lip rm $2 billi praum i 2011/12 $1.2 billi pr aum bw

2012/13 ad 2014/15. Cquly h wrkrc

rquirm majr rad ad bridg prjc will all

rm 4,900 pr i 2011/12 2,600 pr by

2013/14. th wrkrc ar likly hi ara

grar d i h girig cruci gm

ad carily ju i Qulad.

16. Bh aciviy ad majr prjc wrkrc

rquirm ar prjcd a i 2015/16

a h x rud majr prjc bgi wid

dw. ev , aciviy i prjcd rmai wll

abv ha 2011/12. Furhrmr, hi ulk i

bad a raabl am currly kw

prjc ly. I i highly likly ha mr majr prjc

will b dvlpd ad idid vr h x w yar

icludig urhr miig ad rgy prjc i h

rgi ad w irarucur ivm i h urba

cr which culd b aciviy i 2015/16 ad

byd. Cquly, ay dwur i 2015/16 may b

hallwr ha prd hr ad rairy i aur. thi

ha implicai r h lg rm dvlpm kill mach cruci idury dmad ar 2015/16.

Cracr will d kp abra dvlpm i

rdr pla r wrk i 2015/16 ad byd.


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Final Qmca Report 2012 2

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Transcript of Final Qmca Report 2012 2