"Australia Infrastructure Report Q4 2014" is now available at Fast Market Research

Data from Q114 shows that Australia's construction sector is in a state of recovery. We believe this recovery will continue, albeit at a more gradual pace, in 2014 and 2015. Our view is underpinned by the accommodative monetary conditions for construction, a sustained recovery in homebuilding activity and the potential for greater construction activity among the private and public sectors.

Key Trends And D evelopments

* In July 2014, both houses of parliament in Australia voted in favour of repealing its carbon tax legislation. First passed in 2011 and implemented in July 2012, the Clean Energy Bill required around 500 of Australia's largest industrial polluters to initially pay AUD23 (USD21.6) per tonne of carbon dioxide emitted (/tCO2), with the price of carbon to increase by AUD2/tCO2 per year till 2015. After 2015, this carbon tax scheme was to evolve into a cap-and-trade system akin to Europe's Emission Trading System (ETS), and be linked to the European ETS market.
* In July 2014, South Korean contractor POSCO was appointed by Indian company Adani to construct a 388km rail line, which is required to inaugurate the Galillee Basin coalfield in Queensland, Australia. The rail link will have the capacity to haul 60mn tonnes of coal per year. POSCO will acquire an equity stake to assist the mining company in financing the development of the non-electrified line. Adani was originally scheduled to commence the project in 2014, but ongoing delays in securing state government approval for the project means that the project work is now expected to start in early 2015. These delays have prompting Adani to issue a warning to the Queensland government that it may scrap its proposed coal terminal at Abbot Point if dredging of the sea bed cannot be completed in 2015. The Carmichael coal mine and the rail project is estimated to have an operating life of around 90 years.
* In June 2014, the Northwest Rapid Transit Consortium was announced as the...

Full Report Details at
- http://www.fastmr.com/prod/872552_australia_infrastructure_report_q4_2014.aspx?afid=301

The Australia Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Australia Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Australian infrastructure and construction industry.

Key Benefits

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