2018’s WA Infrastructure Report, ‘Public Infrastructure will Drive Economy’
Over the next year, Western Australia’s economy will continue to transition from its resources boom to sustainable growth, as infrastructure investment starts to play an even bigger role in driving the state’s economy.
According to the 2018 Western Australia Infrastructure Report, launched by the Civil Contractors Federation WA in conjunction with BIS Oxford Economics, infrastructure growth is re-balancing, and the worst of WA’s economic slump is now over.
While growth in the construction industry isn’t expected to rise considerably in 2018, as the State Government gradually absorbs the excess supply of housing and commercial space, budget finances are expected to start seeing some improvement. BIS Oxford Economics’ associate director of construction, mining and maintenance, Adrian Hart is excited to see how public infrastructure can strengthen WA’s finances in the long-term.
“Public infrastructure investment can play an important role here to support economic growth in the short term, but it can also play a more vital strategic economic role in the long term by building on WA’s core strengths – affordable housing, low energy costs, and close proximity to Asian markets – which can stimulate business investment, employment and population growth.
“The challenge will be to sustain WA public infrastructure investment beyond the current wave of projects across transport and telecommunications,” Mr Hart said.
In the last two years, the Western Australia Infrastructure Report painted a much grimmer outlook, with continuing declines projected. For the first time since 2014, the construction and mining infrastructure sectors are entering the New Year with a positive outlook.
Here at BWC Civil & Earthmoving, we’re prepared for any booms in the infrastructure industry, and are equipped to provide the following services:
With 18 years of experience in the building and construction and civil contracting sectors, we can undertake any road stabilisation and construction projects, prepare commercial sites for construction, subdivide land, and much more!
For your civil contracting needs in Western Australia, you can’t look past BWC Civil & Earthmoving! Call us on (08) 6323 3540 or 0412 524 952 today, to see how we can assist with your next project.