Market Trends of Australia Transportation Infrastructure Construction Industry
Investments in Land Transportation Infrastructure is Driving the Market
The Australian Government is investing AUD 110 billion (USD 73 Billion) over 10 years from 2021-22 for inland transport infrastructure across Australia through its rolling infrastructure pipeline, most of which is under the Infrastructure Investment Program. This program is part of the Government鈥檚 broader strategy to bust congestion, better connect regions, meet national freight challenges, get Australians home sooner and safer, and build a stronger and more resilient Australia. The Australian Government鈥檚 commitment to the North-South Corridor involves the upgrade of the corridor between Gawler in the north and Old Noarlunga in the south. The North-South Corridor facilitates freight movements to and from Adelaide Airport, the Port of Adelaide, and surrounding industrial areas. Key projects in the North-South Corridor include the Northern Connector, Torrens Road to River Torrens, Darlington Upgrade, Regency Road to Pym Street, and North-South Corridor future priorities, which are currently in planning. The Australian Government has committed up to AUD 4.5 billion (USD 3.01 Billion) to critical projects on the North-South Corridor.
M80 Ring Road Upgrade will upgrade and widen the remaining M80 Metropolitan Ring Road sections. These include the Sunshine Avenue to Calder Freeway, Sydney Road to Edgars Road, and the Princes Freeway to Western Highway sections. The estimated cost of the project is AUD 1 billion (USD .67 million). The Australian and Victorian Governments are both contributing AUD 500 million (USD 330 million).
Inland Rail is the most significant transport infrastructure project in the Australian Government鈥檚 AUD 110 billion (USD 73 Billion) pipeline and a critical action under the National Freight and Supply Chain Strategy. Australia鈥檚 population is growing, and our transport network will need to support the movement of 35% more freight by 2040. Inland Rail is a 1,700km fast and high-capacity freight rail line connecting two of Australia鈥檚 fastest-growing cities Melbourne to Brisbane. The Australian Government has committed up to AUD 14.5 billion (USD 9.71 billion) in equity to the Australian Rail Track Corporation (ARTC) to enable the delivery of Inland Rail.
Airports Infrastructure hold Potential Growth Opportunity for Market Players
The Australian Government released the guidelines for Round 3 of the Regional Airports Program, with applications open from 22 March to 17 May 2022. On 28 July 2021, the Deputy Prime Minister announced AUD 29.6 million (USD 19.8 million) in Australian Government funding for 89 projects under round two of the Regional Airports Program. On 13 June 2020, the Deputy Prime Minister announced AUD 41.2 million (USD 27.6 million) in Australian Government funding for 61 projects across regional Australia.
The Department of Infrastructure and Regional Development, through Western Sydney Airport Ltd, is undertaking the construction of an airport in New South Wales, Australia. The project's main aim is to accommodate more international flights and flexible runways for the planes. Sydney Airport is already facing capacity issues, and a second airport is essential in the region to handle the traffic. The project involves the construction of an airport on 1,780ha of land and is planned to be implemented in stages. The construction work is divided into enabling activities and the main airport works. The first stage includes the construction of a 3.7km single east-west runway with a width of 60m, a single full-length parallel taxiway, a cargo terminal, an apron, and a 65,000m2 international and domestic terminal. The new airport will be able to handle up to 10 million passengers a year when it opens in 2026, unlocking Western Sydney to the nation and the world.
The Western Sydney Airport project also includes the construction of a 40km access road, a surface water drainage facility, airside security fencing and landscaping, ticket and service counters, and aerobridges. It will involve constructing a baggage handling system, arrival and departure lounge, rail infrastructure, offices, and the installation of escalators.
