Infrastructure is creating a jobs boom
Australia is in the midst of an infrastructure boom that is expected to deliver economic, social and environmental benefits for decades to come. There are many exciting opportunities for businesses involved in design, construction, engineering and business support services for infrastructure projects.
Priority infrastructure projects span Australia
Road upgrades will improve capacity and relieve congestion.
Infrastructure Australia’s current priority list includes 96 projects that are under construction or will commence soon. There are six high-priority projects that include:
- The M4 Motorway upgrade: The population surrounding Sydney’s M4 highway between Parramatta and Lapstone is expected to grow by 44.5% by 2031. This project will increase capacity and introduce upgraded technology including Intelligent Transport Systems like ramp signals, vehicle detection devices and electronic signage. The project is expected to be delivered in the next five years and is estimated to cost $853 million.
- WestConnex: Connecting multiple road upgrades, this project will help relieve congestion in Sydney’s Inner West. At an estimated cost of $16.8 billion, this ambitious project will be delivered in the next five years.
- Sydney Metro: Adding 30.5 km of high-frequency rail connections between Chatswood in the north of Sydney to Bankstown in the south, this project will be delivered in 10 years. It will add capacity to Sydney’s already stretched rail network – an issue that is estimated to have an economic cost of approximately $2 billion a year. This project will also deliver a more reliable rail network to serve Sydney’s growing population.
- Western Sydney Airport: Over 40% of Australia’s air services go through Sydney making this project integral to increasing trade, tourism and foreign direct investment for Australia. The new airport will include a 3,700m runway with a parallel taxiway and terminal infrastructure and support. The first stage of this project is estimated to cost the Federal Government $5.3 billion.
- M80 Ring Road Upgrade: Connecting Melbourne’s north and west with the CBD, the M80 Ring Road has capacity constraints that have negative social, environmental and economic impacts. The cost of the congestion has been estimated at over $86 million year. This project will widen three sections of the road and implement Intelligent Transport System infrastructure, reducing travel times and delivering environmental and economic benefits to the city. At a cost of $687 million, the project will be delivered in the next five years.
- Brisbane Metro: The number of passengers on Brisbane’s inner-city bus network is projected to grow by 58% by 2031. This project will remove infrastructure bottlenecks, construct new underground tunnels and stations and provide interchanges between the bus and rail networks. It will not only reduce congestion and travel times, but also lower greenhouse gas emissions. It is estimated to cost $944 million and will be delivered over the next five years.
Other priority projects will deliver and upgrade rail services in Victoria, New South Wales and Queensland. Road upgrades will improve capacity in Sydney and South Australia and Western Australia will increase the efficiency of their water distribution systems. Tasmania will also benefit with new STEM research and education facilities.
With investment comes opportunity
Freight can move more efficiently across the country and our regions will be better connected.
Each project addresses a problem that has national significance and provides real economic, social and environmental benefits to the broader community. Commuters will get home quicker, freight can move more efficiently across the country, our regions will be better connected and it will make it more convenient for people to visit Australia. These projects also provide significant opportunities for employers and workers who operate in the design, construction and planning of infrastructure projects.
The Minister for Infrastructure estimated that projects funded in the recent Australian budget would add 50,000 direct and indirect jobs to the economy in the next decade. These jobs will span not only construction but also civil engineering, technology and planning.
To prepare your business for the infrastructure boom, partner with an agency who understands what resources you need.