MARKETS

Infrastructure to drive economy: report

THE shift from Australia's resources-based economy should benefit infrastructure and construction...

Staff Reporter
Infrastructure to drive economy: report

In its Global Themes 2015 report, CLSA’s Australia-based analyst Scott Ryall says that while the Australian economy is slowing as the resources boom rolls off, commodity prices crumble and business and consumer confidence weakens, there is a good story to tell in the sharp increase in construction activity that should lift the economy over the next two or three years.

This combined with the lower Australian dollar means the nation is an attractive destination for offshore investors as it has increasingly been since the global financial crisis of 2008/09.

“The government is working hard to attract investment. It has identified a number of target sectors to rebalance from resources: tourism, agriculture, education, infrastructure and healthcare,” Ryall said.

He said this fact was not lost on foreign property and infrastructure investors.

CLSA identified $40 billion of mixed-use tourism-related developments across Australia mostly funded by direct foreign investment. It furthered that there is also a $70 billion infrastructure project pipeline which will be funded by so-called “asset recycling”

The Commonwealth has also defined a $50 billion infrastructure program.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production