Infrastructure Australia is pleased to publish its 2024 Infrastructure Market Capacity Report, the fourth edition of the report since it was first published in 2021.
The report finds Australia’s five-year Major Public Infrastructure Pipeline stands at $213 billion—down eight per cent from what was reported in 2023. Despite this decrease, demand remains high, and several market capacity constraints are inhibiting the ability of the sector to deliver projects on time and on budget, including:
Skills shortages.
Material costs.
Stagnating productivity growth.
Each of these areas are explored within the report, along with perceptions from members of the industry.
For this year’s report, Infrastructure Australia notes the progress made against the recommendations delivered in the 2023 Infrastructure Market Capacity Report covering:
Active demand management.
Boosting material supply.
Boosting workforce supply.
Improving construction productivity.
The report also proposes future directions for governments to continue the progress made over the last 12 months against these four areas.
