DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/n48vlz/australia) has announced the addition of the "Australia Infrastructure Report Q4 2012" report to their offering.
Construction activity in the first quarter of 2012 (January-March) has surprised on the upside, with engineering construction activity registering a record high. This has prompted us to revise up our full-year forecasts for the Australian construction sector, with real growth reaching 2.1% in 2012(from a previous forecast of 0.5%). However, we do not believe that engineering construction activity for the rest of 2012 would surpass the highs seen in Q112 , and this is primarily due to the reduction in capital expenditure for mining and infrastructure projects, brought on by a Chinese economic slowdown.
Key developments in the sector over the past quarter include:
- In August 2012, the New South Wales (NSW) state government has given the final approval to privatise the operating leases for two state-owned ports, the port of Botany in Sydney and the port of Kembla in Wollongong. Following this approval, the government is expected to formally auction the 99-year leases for both ports in the fourth quarter of 2012 and complete their transactions in the first half of 2013. The Port Botany auction, which includes the Enfield and Cooks River logistics terminals in Sydney, is expected to raise around AUD2.0bn (US$2.1bn) for the NSW government, while the Port Kembla auction is expected to raise AUD500mn.
- In July 2012, Infrastructure Australia, a statutory authority of the Australian federal government that plans and coordinates infrastructure development across the country, has released its fourth report of the Australia National Priority List, a list that provides information on the infrastructure projects prioritised by the federal government. The priority list includes 50 infrastructure projects, with four projects on the recommended ready-to-proceed list.
- In June 2012, the recently elected state government of Queensland, Australia, has given two Indian companies Adani and GVK the approval to develop railway lines that link their respective coal mines in the Galilee basin to ports on the Queensland coast. Besides the two railway projects, the Queensland government also stated that it will support plans to expand the capacity of QR National's existing network north to Abbot Point and plans to develop a coal line standard for the existing railway line from Emerald to Alpha mines.
For more information visit http://www.researchandmarkets.com/research/n48vlz/australia.
Source: Research and Markets