The potential for Australia’s record infrastructure pipeline to address some of the country’s most pressing challenges is dependent on effective planning and proactive public sector management.
Australia is currently seeing unprecedented levels of infrastructure investment. The Australian government and states and territories have pledged a rolling $120 billion ($12 billion per annum) investment over the next 10 years in infrastructure projects.
Successful implementation of this infrastructure program will increase Australia’s economic competitiveness in the long run. However, the Australian construction sector is still challenged by cost and schedule overruns and faces a range of significant challenges to meet the future demand.
Projects are becoming larger and more complex with increasing impact on urban areas, acceleration of technology disruptions and changing community behaviour following stay-at-home restrictions.
Source: https://www.ceda.com.au/