The NSW Government has announced a new $3 billion acceleration fund to go towards job-creating projects, increasing the government’s infrastructure pipeline to a guaranteed $100 billion. The new $3 billion Infrastructure and Job Acceleration Fund will be used for smaller, shovel-ready projects touching every corner of the state, injecting up to an extra 20 thousand … Continue reading $3 billion boost creates $100 billion infrastructure and jobs pipeline in NSW
The Palaszczuk Government, Logan City Council, and nine developers have signed a landmark agreement to deliver $1.2 billion of essential infrastructure to the Yarrabilba and Greater Flagstone development areas (PDAs) in Queensland. Across the two development areas, many services and facilities have been delivered, including the installation of two primary schools, retail precincts, the Yarrabilba … Continue reading Infrastructure deal enables communities to prosper
The Northern Australia Infrastructure Facility (NAIF) has announced two loan investments that total $200 million and will help grow infrastructure in Northern Australia. The investments take NAIF’s total commitment in investment decisions or conditional approvals for infrastructure projects in Northern Australia to $1.18 billion. Minister for resources and Northern Australia, Matt Canavan, said the investment … Continue reading Northern Australia Infrastructure Facility gives $200m to projects
Bentley Systems, a leading global provider of comprehensive software solutions for infrastructure engineering, has announced the acquisition of Plaxis, the leading provider of geotechnical software, based in Delft, Netherlands, and the agreement to acquire soil engineering software provider SoilVision, based in Saskatchewan, Canada. According to Bentley Systems, the new acquisitions, along with Bentley’s borehole reporting and data management … Continue reading Bentley Systems acquires Plaxis and SoilVision
The Victorian government has reported that its economy is strong, growing and well equipped to meet current and future challenges according to their 2017‑18 Mid‑Year Financial Report. Net infrastructure investment for the general government sector totalled $4.7 billion over the six months, up $700 million on the previous period. Treasurer Tim Pallas released the report, which shows an … Continue reading Victorian infrastructure investment reached $4.7b over last six months
A blueprint for the establishment of Infrastructure WA (IWA) was released earlier this month, which the WA government describes as a new approach to long-term infrastructure planning in Western Australia to create jobs. Focused on ensuring investment is made in the right projects, at the right time, and generating a pipeline of jobs in WA, … Continue reading Infrastructure WA to grow WA economy
State treasurer Dominic Perrottet has said New South Wales industries will continue to drive the national economy after announcing an unprecedented $80.1 billion infrastructure investment. The funding is the largest program ever undertaken by an Australian state, which Perrottet believes will help manufacturers thrive over the next four years. The state’s overall unemployment rate has … Continue reading NSW manufacturers to ‘thrive’ following $80b construction funding
The 2017 NSW Budget has been revealed, including $72.7 billion for infrastructure and $96 million to support local businesses. Here is a breakdown: Infrastructure $7.2 billion in Government investment for the third stage of WestConnex, including the M4-M5 link $4.9 billion across four years for Sydney Metro City and South West $3.5 billion across four years … Continue reading NSW Budget: $73b for infrastructure and $96m for local businesses
Prime Minister Malcolm Turnbull believes his new Infrastructure Financing Unit will help deliver more infrastructure development despite tougher financial times. The unit, announced in this year’s Federal Budget, will utilise government grants and private co-financing to finance infrastructure development. Turnbull has stated that his government are committed to working with state and local governments on the … Continue reading Infrastructure Financing Unit to answer Australia’s infrastructure problems
The Weatherill government and Nick Xenophon believe that South Australia was deliberately slighted in this year’s Federal Budget. The politicians have suggested the Liberal Party purposefully excluded SA from infrastructure spending because the state voted Labor in the last election. According to Senator Nick Xenophon, SA would have been far worse off had he not made … Continue reading SA snubbed in Federal Budget, politicians claim
The Port of Melbourne has been sold to a consortium including Queensland Infrastructure Corporation, Global Infrastructure Partners and Canada’s Borealis for $9.7 billion, a price the Victorian treasurer Tim Pallas called a “pleasant surprise”.
Downer EDI, the company responsible for Sydney’s Waratah train project, was aware of cost overruns on the project for a year before informing the market, a court has heard.
Downer Group executives have been subpoenaed to appear in a shareholder class action in connection with the writedown of its problem-plagued Waratah train project.
A new, automated freight hub at Moorebank is planned to open in 2017, with the federal government approving a land development at the site.
Specialist valve and fitting manufacturer Philmac has announced it will invest $9.6 million in its South Australian facilities.
The “ghost” General Motors Holden train station at Dandenong South will not be upgraded or demolished, Public Transport Victoria has said.
WA engineering company Civmec Construction has been awarded a major contract on the $1 billion Perth Stadium project at Burswood.
The CEO of Arrium Steel has said steel volumes sold are on the way up, and is confident of further increases in sales and production.
Downer EDI will buy privately owned Tenix Holdings Australia, signing an agreement worth $300 million which will be completed at the end of the month.
States have spent more on infrastructure in the past five years than any other time on record and it is causing them budget problems, a report has found.