Industry Analysis & Industry Trends
The Road and Bridge Construction industry has performed strongly since the mid-2000s, driven principally by federal and state government funding into roads and private sector investment into public toll roads. Despite slowing over the past five years, the industry is operating at near record levels of activity. This has paved the way for extensive multiplier effects throughout the local and general economies and improved efficiency and safety for road users.
Industry revenue is projected to grow by an annualised 5.5% over the five years through 2014-15 to total $15.9 billion. This includes an upswing by 7.4% on the previous year driven by construction activity on new housing subdivisions and ongoing major roadworks... purchase to read more
Industry Report - Industry Products Chapter
The principal service supplied by the industry is the construction of roads, bridges and tunnels. The industry is also responsible for the construction of other paved structures, such as airport runways and commercial car parks. Road construction involves up to seven stages of development: planning, design and project administration (which increasingly involves environmental consultation); clearing and earthworks; drainage; structures (e.g. bridges and culverts); alterations to public utilities (e.g. gas mains, sewerage and electricity cables); paving and surfacing (which can include quarrying of raw materials); and project finishing (including line marking, guardrails and landscaping)... purchase to read more